I don't understand the Hays story so someone please help me out. The news say they have bought Thomas Cooks shops but these of course were actually rented from landlords so what have they actually bought ?
Also will they trade as TC or Hays ?
Trade as Hays with some shops in Yorkshire and the North East still probably sadly closing due to overlap.
They will have bought the brand and no doubt debt for a nominal sum with the hope of trading their way out of it.
Husband and wife firm that do what it says in the tin and just sell holidays and they had a £350M profit last year I think so do it well without trying to be a British Airways to boot.
I don't understand the Hays story so someone please help me out. The news say they have bought Thomas Cooks shops but these of course were actually rented from landlords so what have they actually bought ?
Also will they trade as TC or Hays ?
In theory, the agents used to get (may still do) advantageous rates for hotel rates either via the tour operators or hotels directly and that was how they made their money plus whatever mark up they could put on top. This model can still work, maybe not by offering the cheapest holidays but by offering exclusive deals not easily available on the net.I don’t understand the purpose of travel agent shops in the internet age unless you are old and can’t work computers.
Mind you I have never used a travel agent shop in my life.
Always put stuff together myself or use on line agents.
In theory, the agents used to get (may still do) advantageous rates for hotel rates either via the tour operators or hotels directly and that was how they made their money plus whatever mark up they could put on top. This model can still work, maybe not by offering the cheapest holidays but by offering exclusive deals not easily available on the net.
I was on holiday earlier this year, in a cut price 5 star hotel (4 star UK standards), but only went B&B because the all-inclusive deal was just buffet style and I've done that before and haven't been impressed so went out every night to the dozens of good eating places nearby. I thought at the time why don't the travel agents build up deals with local quality restaurants near to hotels to offer a sort of all-inclusive package and throw in excursions to sights and theme parks and all the other things you can do, transportation sorted. Fully managed trips that are hard to do arrange over the net. That's the future I reckon.
I’ll await my shares money being refunded.......