Sep 26, 2017

Thomas Cook predicts Spanish holiday prices to rise

Travel company Thomas Cook has said it expects the price of Spanish holidays to rise by another 5% to 10% next year because of the weak pound. Chief executive Peter Fankhauser told the BBC that Spain's renewed popularity because of safety fears elsewhere was also driving prices higher. Last month, Thomas Cook said it had resumed selling holidays in Tunisia to Britons for the first time since the attack at a resort in Sousse in 2015. He said Thomas Cook tried to inform customers "As best we can" about the potential risks and let them make up their own minds about whether they wanted to go. Mr Fankhauser said Spanish hoteliers were "Taking a bit of an advantage" of increased demand, but they were also investing their higher profits to improve their facilities.

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