Peter Long

TUI Group, the world's largest tour operator, reported a 40 percent drop in bookings to Turkey this summer due to safety concerns and said it was investing in Cape Verde and Bulgaria as alternatives to security-threatened North Africa. 

Strong summer holiday demand offset the impact of the Tunisian beach massacre for TUI which said annual profit would come in at the upper end of its forecast range.

TUI Group, the world's largest leisure tourism group, said it was on track to grow underlying profits by between 10 and 15 percent this year as it announced plans to sell British hotel booking website LateRooms. 

TUI Group wants to restructure its cruise businesses and airline brands and focus more online bookings after its merger to create a giant. TUI Group plans to restructure its airline brands and cruise businesses and drive more online bookings now its merger to create a tourism group with annual sales of over $20 billion has completed.