Considering a break out from the stay-cation cycle next year? You may
have to think again. Whilst the average family continues to feel the
pinch, the owners of Thomson and First Choice Holidays, TUI UK, have
recently announced its package holiday prices would rise more than 5% in
2012 – on top of a 3% increase this year.
How much more will I have to pay?
In real terms, the inflation busting rise will add roughly £27 per
person, or £110 for two adults and two children on any summer package
holiday with
Thomson and
First Choice Holidays. Whilst the cost of
living continues to rise, TUI’s profits continue to show strong growth,
increasing to £470million this financial year.
These record profits come despite a slight overall reduction in the
number of British Holiday Makers booking a TUI package over the summer
just passed. Even with this drop, it appears the appetite of the British
holiday maker for using TUI’s service is still fairly strong, with over
5 million people choosing a TUI holiday last year. That’s just under
one in twelve in the entire country. So, chances are if you asked all
the families down your street who they booked their last holiday
through, there is a good chance the names of Thomson or First Choice
will crop up.
Rising in Profits = Rise in Compensation?
With the coffers of TUI’s bosses being filled to bust, will those who
have had their holiday blighted by and bring a holiday compensation
claim receive more compensation? Most of us know someone who has had an
accident on holiday, be it a minor graze from a slip, or something with
far more serious consequences.
It may be naïve to suggest that TUI, and other similar package
providers, will be quick to further open their hearts, and their
wallets, at the news that profits continue to rise. However, with the
sheer number of
accidents abroad occurring on TUI’s watch, the package
providers may be well served in boosting the compensation kitty
available to its customers.
Greater compensation, and greater transparency in their awards of
compensation for holiday makers, would probably benefit all parties in
the long run. With improved levels of compensation, the goodwill towards
the package provider would slowly filter through the public; this would
inevitably drive more people to the package provider who protects its
customers. This is not rocket science, nor any ground breaking business
plan; just simple consumer protection which benefits everyone.
It is no secret that the past 3 years have been tough going for the
British consumer; if the traders and fiscal analysts are to be believed,
it seems that times are going to get worse before they get better. With
prices on the rise, British holiday-maker will want, and deserve, a
greater sense of security that, if the worst does happen, the package
provider will dip a little deeper into their rather sizeable pockets
than they do now.
For more information you can visit the
website!