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Sharm: It’s had some TLC
Story: Olympic Holidays reintroduces Sharm el-Sheikh Elisa El Shafei: Sharm is a lot nicer [than before]. The government has invested in bike paths, new pavements and flower displays. It’s had that TLC that was desperately needed. Love it.
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Happy Halloween from Hays Travel Skelmersdale
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The best of your letters, comments and social media this week Balance dates: Why so far out?
Story: Wholesale review of balance payments needed, say Atol-holders It’s been apparent for decades that we need a statutory trust model and let’s hope that the deliberations of the government committee comes to that conclusion before they are scuppered by the next Brexit saga. In the meantime, perhaps we should reflect on why balance due periods have become so long. Forty years ago, six weeks was the norm; why has it been lengthened to 12, 14, 16 weeks or longer? Is it because as an industry our balance sheets are so weak? Is it because agents ask for the money several weeks before the operator requires it and so the operator lengthens the balance due period to try to reduce its exposure to invisible liabilities in the agents’ accounts? Either way, it is time these balance due periods were shortened. Paul Sawbridge
Cook: Profitability of airline was misleading
Comment: Is the vertically-integrated tour operator model dead? Well done, Steve [Endacott], for explaining this as I, like many, was becoming tired of Thomas Cook pilots talking about their profitable airline. I can remember at Tui we started describing the airline as merely the transportation division of the holiday company. Imagine if all airlines had a guaranteed price for most of their seats and no marketing costs – they might be an attractive bet for investors, but then again, maybe not? Tim Williamson
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