The Lowcosttravelgroup has reported a strong lates market in the UK, with the value of transactions up 108% year on year and bookings up 122% since May 1.
The figures come on the back of improved half-year results for Lowcosttravel for the six months to the end of April, with the group reporting a 120% year-on-year jump in transaction revenue to £35.4 million.
Pre-tax earnings were £608,000 compared with a loss of £105,000 in the same period a year ago.
The figures include a contribution from transfer business ResortHoppa, acquired by Lowcosttravel in January. Like-for-like figures for lowcostholidays and lowcostbeds show revenue up 90% on a year ago to £30.5 million and passengers up 85% to 164,344.
Chief executive Paul Evans said the group’s trade and consumer businesses were both working well and forecasts had been upgraded in line with the figures.