News blog
Travelzest
- BY: Andrew Hore |
- POSTED: 23/04/2010 |
Travelzest says that first half trading has shown a strong improvement.
Shares in the travel agency and tour operator rose 1.5p to 16p each, which values the company at £23.2m. The share price has risen by one-fifth in the past week.
Demand is improving in the UK, Canada and US. Winter 2009-10 bookings are 14% ahead. Most of the growth is in Canada. Advance summer bookings are 30% ahead in the UK and 22% higher in Canada.
Integration of operations should help to reduce costs. The eruption of Mount Eyjafjallajökull in Iceland had a minimal impact on Travelzest.
Figures for the six months to April 2010 will be published in June.
Former First Choice Holidays management board director Nigel Jenkins has joined as a non-executive director.
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