MyTravel Group PLC
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| MyTravel Group PLC | |
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| Type | Public (LSE: MT.S) |
|---|---|
| Founded | 1972 |
| Headquarters | Rochdale, Lancashire |
| Key people | Michael Beckett (Chairman), Peter McHugh (CEO), John Allkins (Finance Director), John Bloodworth (Managing Director UK) |
| Industry | Transport (Package Holiday Group) |
| Products | Passenger transport |
| Revenue |  £2.79 billion GBP (2006) |
| Employees | 14,600 Full Time |
| Website | www.mytravelgroup.com |
MyTravel Group PLC is a package holiday company based in the United Kingdom. The group includes brands such as Airtours, Aspro, Cresta, Direct Holidays, Escapades, Manos and Panorama in the UK, Sunquest and ALBA Tours in North America, and Ving, Always, Tjæreborg, Spies, Skibby, MyTravel Tango, Bridge and Saga Solreiser in Scandinavia. The company also includes an in-house airline, MyTravel Airways.
The Group is a FTSE 250 Listed Company with a retail estate of 700+ shops and a total ownership of over 31 aircraft, 81 hotels and resorts, 14,600 employees and a customer base of over 5.7 million people worldwide.
MyTravel Group PLC has an estimated value of over £1.43 Billion GBP.
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[edit] History
The group was founded under the Airtours brand in 1972, when David Crossland purchased a series of small travel agencies in Lancashire, United Kingdom. The group began operating package holidays and launched its own in-house charter airline, in the early 1980s.
During the 1990s, Airtours purchase Scandinavian Leisure Group (SLG) including award winning tour operators such as Ving and airline; Premiair.
In 2002, Airtours Group PLC, re branded under the new company wide banner of MyTravel Group PLC. This included a name change for Airtours International and Premiair to MyTravel Airways. Shops throughout Northern Europe were re branded to MyTravel however UK retail outlets remained under the banner of Going Places due to the immense brand awareness (currently 97%) and popularity - a brand that continually wins the accolade of ‘UK’s Favourite Travel Agent’ as voted for by Daily Mail readers.
The company ran into financial difficulties in 2004 and needed to implement a debt-for-equity swap in order to complete implementation of a group restructure. It has since completed its financial restructuring and has seen a turnaround in its business and its North America and Northern European divisions have been producing record profits consecutively for the last 2 years.
In 2004/2005, MyTravel took 5.7 million people on holiday of which 3.4 million were from the UK, 1.5 million from Northern Europe and 0.8 million from North America.
On 12 February 2007, MyTravel Group PLC announced that they had agreed terms on a merger with Thomas Cook AG. The merger is subject to shareholders of MyTravel giving their approval at an Extraordinary General Meeting on a date to that is yet to be decided upon. The parent company of the enlarged group will be named Thomas Cook Group plc with its headquarters in the UK and listed in London.[1]
[edit] News
Merger Of MyTravel Group PLC And Thomas Cook AG To Create A Leading International Leisure Travel Company
MyTravel Group PLC Announces Results For Year End To 31 October 2006 With An Profit Of £43.8m
[edit] MyTravel Group Structure
MyTravel Group PLC can be identified in three key geographical locations:
- MyTravel UK - MTUK
- MyTravel Northern Europe - MTNE
- MyTravel North America - MTNA
Listed Below, is a Complete Breakdown of How MyTravel In Formated:
[edit] MyTravel Tour Operating Divisions
United Kingdom and Ireland
- MyTravel Tour Operations LTD:
- Airtours Holidays UK & Ireland
- Aspro Holidays For £ess
- Escapades Endless Summer
- Panorama Holiday Group:
- Panorama Holidays UK & Ireland
- Manos Holidays
- BCT Travel Group:
- Cresta Holidays
- Travel Services
- Tradewinds Worldwide Holidays
- Bridge Travel Services
- Business Travel Management
- Direct Holidays PLC:
- Direct Holidays UK & Ireland
- Direct Greece
Northern Europe
- Always (merged into Ving)
- Bridge Travel
- Bridge Travel
- Bridge Sun Collection
- MyTravel
- MyTravel Sweden
- MyTravel Norway
- MyTravel Denmark
- MyTravel Finland
- MyTravel Tango
- Golf By MyTravel
- Saga Solreiser (merges into Ving Norge in the end of summer 2007)
- Skibby Rejser
- Spies
- Spies Denmark
- Spies Sverige (merged into Ving)
- Tjæreborg
- Tjæreborg Denmark
- Tjæreborg Finland
- TjæreborgFlex
- TjæreborgCity
- TjæreborgGolf
- TjæreborgAlpin
- Ving
- Ving Norge
- Ving Sverige
- Ving danmark
Hereunder:
-
- VingAlpin
- VingCharter
- VingCity
- VingCruises
- VingFlex
- VingGolf
- VingResort
- VingSpecial
- Vings Verden
North America
- ABC Corporate Services
- AHI International / Alumni Holidays
- MyALBA Tours
- MyHolidayHouse D-FW Tours
- Sunquest Holidays
- MySunquest Vacations
- Vacances MySunquest
[edit] MyTravel Distribution Divisions
United Kingdom and Ireland
- Going Places Leisure Travel
- Going Places / MyTravel Retail
- Holiday World by Going Places
- Holidayline
- TheCruiseStore
- MyTravel.com
Northern Europe
- MyTravel
- MyTravel Retail
- MyTravel.se
- MyTravel.dk
- MyTravel.no
North America
- Algonquin Travel Corporation
- Bel Air Travel
- MyHolidayHouse D-FW Tours
- Discount Travel Warehouse
- FUNTASTIQUE
- GoAirOnly
- GoMyTravel
- Holiday House
- Myholidayhouse
- Mytoursmaison
- Last Minute Club
- Lifestyle Vacation Incentives
- MyNetwork
- TheCruiseStore
- MyEncore Cruises
- Travel Hotline
- Wholesale Travel Group
[edit] MyTravel Aviation Divisions
United Kingdom & Ireland
- MyTravel Airways UK Limited
- MyTravel Aircraft Engineering
- MyTravel Aircraft Engineering Caribbean - Cancun, Cozumel, Montego Bay and Sanford
Northern Europe
North America
- Skyservice Airline
^Strategic Alliance^
[edit] MyTravel Divisions (Others)
Worldwide
- White Horse Insurance Ireland LTD
- MyTravel Hotels and Resorts
- Aqua Sol Hotels Limited
- Sunwing Hotels (Cyprus) Limited
- Sunwing Hotels Hellas S.A.
- VingResort
- SunGarden
- Hoteles Sunwing S.A.
- Airtours Resort Mallorca S.L.
- Airtours Resort Ownership España S.L.
- Servicios de Administracion y Operacion de Hoteles S.A. de CV
- Parkway Property Management France SAS
- MyTravel Spain Incoming Services S.A.
- MyTravel Incoming Services Canarias S.A.
- MyTravel Vacances S.A.
- MyTravel Portugal – Agencia de Viagens S.A.
[edit] Awards
- FlightOnTime.info Most Punctual UK Charter Airline - Summer 2006
- FlightOnTime.info Most Improved UK Charter Airline for Punctuality - Summer 2006
- Consumer's Choice Award - Travel Wholesaler - Sunquest Vacations/Vacances Sunquest - 2003, 2004, 2005, 2006
- Danish Travel Awards - Best Air Travel Organiser - MyTravelTango - 2006
- Danish Travel Awards - Best Charter Airline - MyTravel Airways A/S - 1999, 2000, 2001, 2002, 2003, 2004, 2005 and 2006
- The Guardian - DirectHolidays.co.uk - Best Online Booking Service As Voted For By Readers - 2006
- TTG Travel Trade Gazette - Airtours Holidays - Tour Operator of the Year 'Near to Home ' 2006
- TTG Travel Trade Gazette - Airtours Holidays - Tour Operator of the Year 'Western Mediterranean' 2006
- Cresta Holidays - Winners of Over 100 Industry Awards
- CAA Air Transport Users Council - Most Punctual UK Charter Airline - MyTravel Airways UK - Winter 2005/2006
- CAA Air Transport Users Council - Highest On Time Performance of any Analysed UK Charter Airline - MyTravel Airways UK - Summer 2005
- FlightOnTime.info Most Improved UK Charter Airline - MyTravel Airways UK - Summer 2005
- The Guardian - Going Places - The UK's Favourite Travel Agent As Voted For By Readers - 2005
[edit] References
- ^ MyTravel Group plc (2007-02-12). MERGER OF MYTRAVEL GROUP PLC AND THOMAS COOK AG TO CREATE A LEADING INTERNATIONAL LEISURE TRAVEL COMPANY. Press release. Retrieved on 2007-02-12.
