March 29, 2017 / 6:24 AM / 8 months ago

TUI reiterates profit target on solid holiday demand

LONDON (Reuters) - European travel and tourism company TUI (TUIT.L) reiterated its target of reaching at least 10 percent growth in underlying full-year operating profit after seeing solid demand for Winter and Summer bookings.

The logo of of German travel company TUI AG is seen outside of one of its branch offices in Vienna, Austria, December 27, 2016. REUTERS/Leonhard Foeger

The group, which has been reorganising its business to invest in more of its own hotels and cruise ships and has been selling off what it views as non-core operations, said it had seen strong demand for trips to Greece, the Canaries and holidays further afield.

Unlike rival Thomas Cook (TCG.L), it did not see any recovery in the troubled Turkish market.

Reporting by Kate Holton; Editing by Victoria Bryan

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