Hays Travel

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Roger said:
Its a huge move by Hays, but they already have a couple of hundred high street stores so they aren’t going into this blind.

I believe TCs operating business was profitable, it was just their level of debt which crippled them.
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I’d have thought there’d be some taking on of debt to finance a move this big. Staff wages, shop refits, re-branding etc.

Fingers crossed it works out for them though. I suppose they could always open a little Sports Direct franchise in the corner of the shops to flog a bit of leisure sportswear for folks bopping off on their hollibobs.
 
a1970man said:
I don't think he'll be buying them, more like taking over the leases of the shops.

Saying that, employing 2500 staff is the big gamble and making it pay sooner rather than later will be the key.

The fact that TC were closing branches left right and centre showed the move to internet based holidays is the growth market and days of
the high street shop were numbered.
I know some people like to do down to the travel agent and talk to someone face to face but in the last few years I've found that the
local shops weren't able to offer anything more than a friendly face as opposed to real savings.

I'm going to miss TC, it was an occasion to pop down on a Saturday and book up a holiday, especially when you had a history with them.

I hope that Hayes will be able to make a success of it as they are free from the airlines, hotels and huge staff that brought down TC.

Hopefully much more business and a larger Sunderland based HQ is built and employs more local people.
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Theyve just literally moved into huge premises next to the old police station in the town and are heavily recruiting prior to all this. They did have offices dotted all round the town centre but now its going to be all under one roof other than each retail outlet. My youngest daughter (no) who works for Hays has just been moved round there.

Got to give John Hay massive credit for doing this, really treats his workforce well!!
 
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surely the bricks and mortar stores are a bit part of the reason thomas cook went under. I have not booked a holiday in a shop for 10+ years and they are always empty whenever I have to go in to get money changed.
 
Wow, that's a huge move for them.

I really hope it doesn't create a problem for them down the line with all the increased costs. But then, maybe they want to hoover up the TC market share, just without the debt pile that ultimately killed TC.

Best of luck to them!
 
Have some cracking deals as well hays like. See their staff posting them on our lasses facebook all the time
 
PTR said:
Wow, that's a huge move for them.

I really hope it doesn't create a problem for them down the line with all the increased costs. But then, maybe they want to hoover up the TC market share, just without the debt pile that ultimately killed TC.

Best of luck to them!
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The shops deal with alot of online enquires as well as walk ins.

They dont have a presence in scotland so this probably a foothold into that market too.

I know when he opened a branch in Bath it became one of the highest fee earners for him.
 
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Neb_Safc said:
The shops deal with alot of online enquires as well as walk ins.
They dont have a presence in scotland so this probably a foothold into that market too.
I know when he opened a branch in Bath it became one of the highest fee earners for him.
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I really really hope it works for them. I have family who work for them, so even more so.
Plus, more supply in the market is good for the consumer.
 
anth said:
surely the bricks and mortar stores are a bit part of the reason thomas cook went under. I have not booked a holiday in a shop for 10+ years and they are always empty whenever I have to go in to get money changed.
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Hays offer a much wider range than TC though. In fairness to them, any time I've spotted a holiday online, I've took the quote to their branch and they've matched it or beaten it. It makes me feel git good because I've supported a local business by doing so.
 
TexasMackem said:
Hays offer a much wider range than TC though. In fairness to them, any time I've spotted a holiday online, I've took the quote to their branch and they've matched it or beaten it. It makes me feel git good because I've supported a local business by doing so.
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I tried the same thing last year and that told me that quoted me £3k more and said I'd have to fly from Manchester.

I'm guessing they simply don't sell TUI fights.
 
good news, taking on potentially 3000 jobs is a big task.....but unlike TC, Hays aren't up to their bollocks in Debt ( I still think the board of TC will go to jail,something stinks there), so will have that to fall back if needs be....
 
joemcdokes said:
Anyone taking over their flights?
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The slots for transatlantic routes will certainly create interest, the administrators will probably try to auction them off to Virgin Atlantic and AIG Gatwick slots should rake a bit of cash in, not so sure about short haul from regional airports, although sleazy, and Jet2 will doubtless be prepared to hoover up any excess capacity required.
offmenut said:
Really?
I'd have thought the cost of shops and staffing them would be miniscule compared to the cost in running and paying for their 34 aircraft and the leesing of the other 70
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Yes but fit you want to go to Benidorm, you have to physically get on a plane, if you want to book a holiday to Benidorm you can either sit in the comfort of your own home, and click a few computer keys and cop an online discount, or trail you arse down to the town centre struggle to find an expensive parking spot, get pissed on by the rain and then join the queue in the travel agents.

Having said that I am sure the guy knows his market, and good luck to him.
 
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