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Travel giants’ merger will not squeeze out independent agents – 22 Feb 2007

Thomas Cook has quelled fears it could work with fewer third-party agents as a result of its merger with MyTravel.


The companies want to sell 75% of their products through their own agents – a level comparable with Thomson Holidays last year following its commission cuts.


Currently, MyTravel sells 62% of product in-house, and Thomas Cook sells 64% in-house. The united group will carry 6.3 million passengers.


In an interview with Travel Weekly chief executive Manny Fontenla-Novoa denied any agenda to cut ties with agents. “We shall still require 25% of sales elsewhere – that is 1.5 million sales. We work closely with the Co-op, for example, and I see us continuing to work closely with the group.”


Some miniples were reassured immediately after news broke of the merger that their relationships with the companies would remain.

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