NEWS — DIGEST
“Only 14% of British visitors to the US last year were
first-timers, so there is great repeat business to be had” Jonathan Sloan, page 30
GAZETTEERS.COM POLL
HOW WOULD YOU DESCRIBE YOUR BUSINESS’S ATTITUDE TOWARDS LGBT STAFF AND CUSTOMERS? 73% Positive 27% Ambivalent
Jennifer Atkinson
BA consolidates at Heathrow following Terminal 1 closure Heathrow has closed the doors on Terminal 1 after almost 47 years of service. British Airways is consolidating its flights into Terminal 5 and Teminal 3. The last flight to depart the terminal was a BA flight to Hanover on June 29 and the last arrival was from Baku.
Ex-Cook chief executive Green to receive a payout of about £5.65m
Thomas Cook has awarded former chief executive Harriet Green a performance-related payout at the bottom of the range expected. Harriet Green, who left unexpectedly in November, had been in
line for a potential £10 million payout when a share option matured. However, the operator has confirmed she was awarded 4.1 million shares. She had been in line to take between 4.1 million and 7.1 million. This lower award means the value of her payout is an estimated £5.65 million. The shares were due to be paid to Green on Tuesday. Green previously vowed to donate a third of her award to charity following criticism of the way Cook handled the deaths of two children from carbon monoxide poisoning in Corfu in 2006. In a statement Cook said: “The number of shares vested is based on an assessment of business performance against several targets including share price, as set out in the terms of the plan. “During her two-and-a-half years of service, the share price rose
from 16.25p [July 30, 2012] to 136p [November 25, 2014].” “Thomas Cook also notes, and is positive about, Green’s commitment to donate a third of her award to charities chosen after consultations with the parents of Christi and Bobby Shepherd. “This would include a substantial donation to a carbon
monoxide charity to support the work of the recently launched joint initiative with Thomas Cook to fund research into protection from carbon monoxide, limit the risks associated with it and raise general awareness of the related dangers. “The parents of Christi and Bobby Shepherd expressed satisfaction with this outcome.”
Chris Browne 2 July 2015 —
travelweekly.co.uk • 11
Tui’s Browne given honorary degree as aviation pioneer Tui Aviation chief operating officer Chris Browne has been presented with an honorary doctor of science degree from Cranfield University. The Bedfordshire-based university recognised Browne as a pioneer in the aviation industry. She said: “It is a huge honour to accept this honorary degree and a pleasure to share my career experience with Cranfield students.” Browne was awarded an OBE in 2013 and an honorary doctor of science for management leadership from the University of Ulster in 2011. Last year she was inducted into the British
Travel Industry Hall of Fame.
ITC Luxury snaps up Western & Oriental Travel
ITC Luxury Travel has acquired Western & Oriental Travel – operator of the Rainbow Tours, Regent Holidays, Villa Select and Western & Oriental brands – in a multimillion-pound deal. The purchase follows a management buyout last year, driven by ITC chairman Paul Pindar. Since then, chief executive Jennifer Atkinson has coordinated a strategy to buy and build luxury businesses. Atkinson said: “We wanted to get our turnover to the £100 million mark through growth and acquisitions. Western & Oriental has such a breadth of product and expertise, and the feedback you hear about the brands is extremely positive. “It has the same customer service ethos and focus, so the fit works well.” Atkinson said the expanded
ITC would have greater reach across the country. “In the short term, we
have no plans to change the brands,” she added. “The names are well respected and we wouldn’t want to jeopardise that. This deal makes us a one-stop shop for an extensive list of luxury holidays.” Atkinson said ITC had not ruled out further acquisitions.
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