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Monthly Archives: November 2006

2006 not a vintage year for the travel industry Comments Off

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2006 was not a vintage year for the Travel Industry. Market conditions were tough resulting in many failures, some high profile, and the state of confusion that now exists over Consumer Protection post the Judicial Review and the unedifying squabbling on interpretations of same is a depressing end to the year.

MyTravel turnaround nothing less than incredible Comments Off

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Hats off to Mytravel and Thomas Cook for the astonishing merger. As I highlighted last month consolidation was definitely on the cards but I do not think many industry commentators had these two paired. The winners are the Mytravel shareholders whose shares jumped by 40% on Monday morning last week. However this will not be an easy integration. The accountants will have drawn up wonderful detailed business plans which highlight massive savings based upon synergies and consolidation. However achieving these is another thing. The proof in the pudding for this deal will only be evident two or three years down the line. Manny has a massive job on his hands!

Agency – or Principal? Comments Off

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Throughout World Travel Market the talk of the town has been tour operators’ liability after the regrettable “Corfu Tragedy”. Some of the main travel consortia and large agencies have indicated that from January they will require UK bed banks to supply overseas holiday accommodation as a principal and not an agent or broker for an overseas supplier. The rationale behind this is mitigating potential liability in the event of death or injury.