Re: Thomas Cook collapses
 

We tend to go on daytrips a lot but then we live on the border of Devon and Cornwall and can make a decision quickly based on the weather forecast.

Although last year the family had a 5 day caravan stay in Mullion and it was just as warm as Spain.:)

But l agree Spain can be cheaper and the weather is more consistent but that is a no no for me because of the cost of health insurance.

Re: Thomas Cook collapses
 

We went to Devon about 10 years ago, and it took us 12 hours :erm: not really bothered about doing that again. :sleep:

Re: Thomas Cook collapses
 

Like I said badly run.

Many ways to grow a business, one is organically over time slow and steady. Another is to leverage you business borrow against it and buy another suitable business instantly increasing your consumer base but crucially also your overhead. You have to cut your overhead as quickly as possible through rationalising your back office, your systems and your people.


If you don’t do that you’ve achieved nothing. They made acquisitions and failed to rationalise, increased their debt, been done a thousand times before. Therefore Badly run.

Jet 2, Tui, Virgin, and a host of other operators will fill the void. I agree the long termers with substantial pensions and who may have hoped one day for pay out at the end of their time are big losers.

---------- Post added at 18:43 ---------- Previous post was at 18:42 ----------

Perhaps we should nationalise the tourism industry?

A ministry of joy? I believe Hitler had one of them, and was a socialist too!

Re: Thomas Cook collapses
 

No he didn’t*, and no he wasn’t.

You are confusing someone using a word to gain support, and someone who actually is something.

You know, like the Democratic People’s Republic of Korea, or the Germans Democratic Republic, or the Democratic Republic of the Congo, or the words above the Auschwitz gate "Arbeit Mach Frei".

*you may be thinking of the "Joy Division", who were young women held in concentration camps who were raped by the guards.

Re: Thomas Cook collapses
 

Nazi? National Socialist.

I know what the joy division was, that isn’t what I meant. I know my WWII history.

I was referring to the state run Nazi leisure organisation Kraft Durch Freude

https://en.m.wikipedia.org/wiki/Strength_Through_Joy

**Edit**

Ok I agree that the Nazis were a perversion, but they still embodied a position of socialism, far right, far left - I don’t care. Socialism of any form has failed time after time. Give me compassionate capitalism every time, with equality of opportunity.

And you were obviously wrong on the other point too.

Re: Thomas Cook collapses
 

Thomas Cook was nationalised from 1948-1972.

Re: Thomas Cook collapses
 

Good shout, as part of the nationalisation of the railways.

Tellingly, de-nationalised well before it became fashionable.

Re: Thomas Cook collapses
 

Rival buys all 555 Thomas Cook stores.

https://www.bbc.co.uk/news/business-49985369