Holiday group Saga said on Tuesday it expects annual underlying profit to more than double year-on-year, betting on retired and wealthy Britons being less impacted by the cost-of-living crunch to keep up travel demand.

The London-listed over-50s holiday and insurance company, expects full-year revenue growth between 10% and 15%, it said. For the 2022/2023 year, Saga reported underlying pre-tax profit of 21.5 million pounds ($27.27 million).

In September, Saga had forecast double-digit growth in annual revenue and said underlying profits would beat market estimates. ($1 = 0.7883 pounds) (Reporting by Eva Mathews in Bengaluru; Editing by Rashmi Aich)