1、7T2se3r0Ot6kwoPa7T2se3r0Ot6kwoPaDistributed on:28/08/2025 05:03:09 GMTDistributed on:28/08/2025 05:03:09 GMT28 August 2025This is the third of a quarterly periodical where we publish latest trends in the UK holiday market.Our dbDataInsights team has surveyed 501 individuals in the UK,statistically r

2、epresentative of the UK population.In addition,this periodical publishes the latest spending data from Barclaycard for travel agents and airfares and also our latest proprietary airfare tracker.We conclude with how this compares to our forecasts and stock recommendations.Conclusion:in one paragraph-

3、healthy lates marketThe late booking pattern appears to have played out as expected,with demand remaining strong for packages into the lates market.Whilst there appears to be more sensitivity around price,customers did book and travel this summer.Barclaycard data in July showed spend+2.0%,up from 0.

4、9%in previous months.Our consumer survey data also showed that 91%of customers expected to pay more for this years summer holiday than last year(+2ppt vs.in 2Q)with noticeable growth in those spending a lot more,which may reflect the widening financial situations of differing income quintiles(ASDA i

5、ncome tracker).Price inflation for package holidays is also evident in recent CPI data(July+5.7%).Industry commentary suggests customers are increasingly destination agnostic,and value-for-money(not necessarily just price)remains important.Jet2 reports FY results on 4 September,which will provide in

6、sight into how Summer is closing out;for FY26,we forecast 8%capacity growth supporting 9%EBIT growth but with the majority of Winter left to sell,we do not expect management will provide FY guidance.Jet2 and OTB remain key picks.Richard StuberResearch Analyst+44-20-754-54617Tim BarrettResearch Analy