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UK Weekly/YTD Market Report - Week 14 and March closing numbers

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Week 14 of 2024 was flat when compared with the same period in 2023 (0% variance), but in our year-to-date analysis (Weeks 1 to 13), Travel Ledger's data shows the market is maintaining the gains it made earlier in the year.

Here are the figures for week 14, with transactions flat but volume and average value per transaction still up on the same week last year.

- Transactions increased 0% this week, (-12 transactions to be precise)
- Total amounts processed increased by 13%, down 7% from the previous week.
- Average transaction value also increased by 13% compared to the same period in 2024

The current figures confirm our previous expectation of a slow week, showing a slow down as people left for Easter. We expect next week's numbers (for this week's consumer collections) to also be relatively slow as many people are still on holiday.

Year to date update - UK Market - (Weeks 1 to 13)

This is how 2024 is comparing to 2023 at the end of week 13 (end of March):

- Transactions                                  +21%   (same % as in February)
- Total amount                                 +30%  (-4%)
- Average transaction value       +10%   (-7%)

All numbers still show a healthy trend, although March did not show any further increase in transaction numbers. We believe that some of the factors are that this year Easter came earlier in the calendar and we see in the market a much higher number of "Low deposit" offers, which is likely to have influenced the small inflection in the "Total amount" and "Average transaction value" categories when compared with numbers at then end of February.

Stay tuned for more updates from Travel Ledger!

Note. It's important to note that Travel Ledger's UK data primarily pertains to bookings or balances collected in the preceding week. This is due to the predominant practice in the UK holiday market where most supplier settlements are scheduled on a weekly basis. Consequently, bookings made by agents in any given week are processed and paid out to suppliers in the subsequent week's cycle.