Travolution has launched the UK travel trade media’s first daily monitoring service of leading publicly listed travel, tourism and hospitality companies on the London Stock Exchange.
Travolution Index aggregates the market capitalisation of 20 companies in the UK into a single unit, similar to the FTSE-100 and FTSE-250 figures provided by LSE.
Initially the Travolution Index will be updated daily following the close of trading in London at 16.30 GMT and will give the industry an accurate picture of the travel sector’s overall performance in the Square Mile.
Companies featured in the Travolution Index include British Airways, easyJet, Thomas Cook Group, Travelzest, TUI Travel and Intercontinental Hotels Group.
The Travolution Index also includes companies which obtain significant revenue from travel-related areas of their business such as Daily Mail General Trust (owner of Teletext Holidays) and Moneysupermarket (owner of Travelsupermarket).
Travolution editor Kevin May said: “The current state of the UK and global economy is a concern to everyone in the travel industry.
“Many will already know that the share price of a number of leading travel firms has almost halved in the past 12 months, so we have created the Index so the industry can see how travel stocks are performing as a group.”
The Travolution Index will be available from the homepage of the Travolution website and also include important information and links to all companies featured in the project.
Companies included in the launch of the Travolution Index:
Western & Oriental
All Leisure Group
InterContinental Hotels Group
Thomas Cook Group
Park Plaza Hotels Limited
National Express Group
Daily Mail and General Trust