ao link

 

'Is the high street declining?'

Ken Campling, Hays Travel, October 2024 Credit: Abta
Ken Campling, Hays Travel Group finance director, said there was still growth on the high street (Credit: Abta)

On the fifth anniversary of Hays Travel’s Thomas Cook takeover, Hays Travel Group finance director Ken Campling said the agency giant remains invested in the high street before highlighting how it had spent £40 million on acquisitions in recent years. 

 

Since 2019, Hays Travel has acquired Explorer Franchise in 2021; Just Go’s 45 north-west branches, and Travel House’s 16 shops in south Wales in 2023; then three Holiday With Us branches in Lincolnshire; and 19 Miles Morgan Travel shops in the south-west and south Wales in 2024.

 

“We’ve got 490 Hays shops,” added Campling. “We’re still seeing growth on the high street. We’re always looking at where we can improve things. 

 

“As a business, we’ve got to keep our eyes open on all forms of distribution, but we don’t see the high street declining.” 

How cash flow could change

Tanzer said anecdotal evidence suggested customers were delaying booking to see how climate events played out which could cause cash flow issues for the industry long term. 

 

[Climate change] is going to make things more difficult for our industry,” said Tanzer. “It’s not just that it’s going to be hotter, you don’t know if it’s going to be hotter [when the holiday happens].  

 

“What I’m hearing from people is that customers are saying that they will book later. That becomes self-perpetuating. 

 

“If people are booking later the whole cash flow of the industry changes because people are taking a different approach to risk. People are thinking ‘why do I have to book this far out when things may change?’”

Sign up for weekday travel news and analysis straight to your inbox

Latest travel jobs

Junior Africa Sales Consultant

Junior Africa Sales Consultant

Travel Consultant - Barrhead, Newtownabbey

Travel Consultant - Barrhead, Newtownabbey

Cruise Consultant, Glasgow

Cruise Consultant, Glasgow

Upcoming events

TTG Agenda 2024: Winter Breakfast

TTG Agenda 2024: Winter Breakfast

TTG Top 50 Travel Agencies 2025

TTG Top 50 Travel Agencies 2025

TTG - Travel Trade Gazette
For Smarter, Better, Fairer Travel
B Corp-certified
TTG Media Limited.
Place of registration: England and Wales.
Company number 08723341.
Registered address: 6th Floor, 2 London Wall Place, London EC2Y 5AU