- Holidaymakers may opt for EU holidays over longer haul to reduce their carbon footprint and over the hopes travel restrictions would ease.
- The rise in demand may put a strain on Dover causing long queues if the border checks are not eased by Easter.
UK nationals are likely to opt for destination spots in Europe over long-haul holidays in order to reduce their carbon footprint, according to an interview with ferry operator DFDS’ Chris Parker.
Britons may choose such holidays over the hopes of travel restrictions possibly being relaxed further, soon. The hopes come despite the Omicron variant’s spread across the world. Since last week, the UK relaxed some of its main testing rules for double jabbed and under-18 travellers.
However, a rise in demand for European holidays is likely to put a strain on Dover, which may lead to long queues if border checks failed to be relaxed by the Easter period, according to a PA News Agency interview of Mr. Parker.
He added that while consumer confidence was low due to a lack of transparency in rules and travel rules changing at a very frequent pace, he expected demand may rebound this year.
Let us explore 2 FTSE listed stocks from the travel and leisure sector and see how they are faring:
- Carnival PLC (LON: CCL)
Carnival is a cruise operator and a constituent of the FTSE 250 index.
According to the company’s Q4 2021 business update, the group’s liquidity in Q4 2021 stood at US$ 9.4 billion.
And its Q4 2021 revenue per passenger cruise day rose by around 4 per cent from pre-pandemic levels in 2019. The rise in its RPCD was attributed to very strong onboard and other revenue.
Image source: Refinitiv
The group’s shares were at GBX 1,427.60, down by 1.63 per cent on 11 January at 11:26 AM BST, while the FTSE 250 index was at 23,132.25, up by 0.57 per cent.
The group’s market cap was at £2,684.75 million as of Tuesday. It has given shareholders a one-year return of 8 per cent as of date.
- International Consolidated Airlines Group S.A. PLC (LON: IAG)
FTSE 100 index listed firm International Consolidated Airlines Group S.A. owns several airlines including British Airways.
The group’s total revenue, for the 9 months to 30 September, was at EUR 4,921 million, compared to EUR 6,505 million in the year prior. Meanwhile, its operating loss during the period narrowed to EU 2,487 million, from a loss of EUR 5,975 million in the previous year.
Image source: Refinitiv
The group’s shares were at GBX 164.16, up by 0.87 per cent on 11 January at 12:19 AM BST, while the FTSE 100 index was at 7,492.65, up by 0.64 per cent.
The group’s market cap was at £8,074.06 million as of Tuesday. It has given shareholders a one-year return of 4.72 per cent as of date.