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The travel operator said it was focusing on higher-end holidays as competition for bookings to Spanish islands intensifies.Thomas Cook's package holiday prices have risen by an average 9% and it has sharply increased capacity in Greece as it faces intense competition and higher hotel costs in popular Spanish island resorts.The travel operator's results revealed how it continues to grapple with the impact of political instability and terror attacks that have weakened demand for trips to Turkey and Egypt. That has seen a surge in the popularity of Majorca and the Canary Islands, resulting in hoteliers there putting up prices by up to 8%. Thomas Cook said it was facing "intensified competition" in the islands as airlines ramped up flights and has responded by focusing on higher-end holidays "rather than chase volume growth"....Source
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