Thomas Cook in £21m tie-up to hunt for hotels and up safety

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THOMAS Cook has struck a £21 million deal to outsource some of its hotels-hunting to an Aussie company, coming at a time of heightened scrutiny of safety standards in the travel industry.

The company will turn over responsibility for sourcing and contracting 3000 hotels to Sunhotels, a division of Sydney-listed bookings giant Webjet. 

Sunhotels, which will pay £21 million, will take responsibility for “managing an improved health and safety audit” of hotels chosen.

The deal is for hotels procured for Thomas Cook’s smaller complementary business, which makes up about £1.9 billion of the group’s £8 billion of annual sales. 

Thomas Cook’s larger differentiated business, the types of holiday most of us would recognise as Thomas Cook jaunts with reps on sites and which make up the bulk of its sales, will remain in-house and the responsibility of the company.  

Safety concerns for travel firms have been heightened by terrorist attacks around the world, which have put a big dent in the group’s share price.

An inquest into the deaths of two children on a Thomas Cook holiday in Corfu also found the firm “breached its duty of care” by not checking safety standards, prompting criticism of the group.

Source Article from http://www.standard.co.uk/business/thomas-cook-in-21m-tieup-to-hunt-for-hotels-and-up-safety-a3323976.html

August 18, 2016 |
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