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Teresa - new policy

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tonyco1:
I have no problem with anyone making a profit - good luck to all who do - but there is a difference between a profit and a licence to print money!
Thomson's (TUi) are making obscene profits & considering our economic state, could offer better deals to the owners and us the customer.
Mystic Meg and Diagnostic Don are sure to know this!!

Denise:
We're off to Teresa's in August with Thomson for the 1st time. We don't usually do our own thing for hols cos we're always worried that if the airline crashes or similar that we'll be left without any comeback.
It'll be a shame if we really like it there that we would have to risk doing it ourselves next year.
San Stefanos looks likes the place that would be perfect for us and I love the view from Teresa's.
Can we take out special insurances if we do it ourselves? I'm sure we probably can but we've just never had to do it yet.

Gavlah1973:

--- Quote from: Denise on January 03, 2011, 08:37:23 PM ---We're off to Teresa's in August with Thomson for the 1st time. We don't usually do our own thing for hols cos we're always worried that if the airline crashes or similar that we'll be left without any comeback.
It'll be a shame if we really like it there that we would have to risk doing it ourselves next year.
San Stefanos looks likes the place that would be perfect for us and I love the view from Teresa's.
Can we take out special insurances if we do it ourselves? I'm sure we probably can but we've just never had to do it yet.

--- End quote ---


I can safely say that there will be no comeback at all if the airline crashes!!!  ;)

Sandra W:

--- Quote from: Gavlah1973 on January 03, 2011, 11:13:27 PM ---
I can safely say that there will be no comeback at all if the airline crashes!!!  ;)

--- End quote ---
LOL ::)

loftyscot:
http://www.tuitravelplc.com/tui/pages/investors/results

I was interested to read the figures behind TUI's 2010 profits - click on the attachment in the website.

TUI's profit margin is in the 2.5% - 4% range with c£400m made from a turnover of c£13bn. I was stunned to read that cost of sales was £12bn for which a breakdown is not provided, but presumably it covers accomodations bookings, fuel, staff costs, shop/call centre costs, bus hire etc. Info is provided on aircraft leasing etc which in the context of these figures is small beer.

Basically it is a bulk volume (20m customers who pay c£675 each), low margin operator and it really doesn't look as if it can possibly hand back much to the holiday maker. So if its screwed by fuel, VAT etc like the rest of us, and the industry watchdogs ensure that directors remunueration is in keeping with the industry then that does not leave many others who can benefit from the gravy train. Accommodation owners, commission paid to other intermediaries for sales leads are two that spring to mind.

Cost of sales is a whopper though. Basiclally sell something for £1 and only make 3p profit - yikes. Won't take much for this one to lose money given fuel is only going in one direction.

When you balance the scales with the independent booker who does get cheaper accomodation and marginally cheaper flights (in the main depending on where you travel from) then there is really isn't much in it. I wonder who is really skimming the cream - probably governments with a little bit to the hotel owners and the tour operators.

Gosh, a really serious post, apologies but hope it highlights some noteworthy facts ;)

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