23 August 2012 Last updated at 05:30 ET

Kuoni revenues boosted by Asia travel

Rising demand in Asia and business travel has helped Kuoni in the first half of 2012

Swiss travel operator Kuoni has posted a 27% rise in half-year revenues, helped by strong growth in Asia.

Turnover for the first six months of 2012 rose to 2.64bn Swiss francs ($2.8bn; £1.7bn), from 2.1bn Swiss francs a year earlier.

However, its net loss increased by 14.5% to 49.8m Swiss francs.

Kuoni said its Global Travel Services division, which sells holiday tours and business travel to other holiday operators, saw revenue rise sharply.

That division saw turnover double in the first half of 2012 to 1.18bn Swiss francs.

The firm said leisure travel had seen "significant growth" in Asian markets, noting that the Japanese market had now recovered from the disruption caused by last year's tsunami.