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Dame Irene Hays: 'We have to keep finding new ways to make more money'

High street
Edward Robertson
11 December 2024

When a business is suddenly hit with an unexpected bill of more than £6 million, watching how its bosses deal with it can be instructive.

Hays_Travel_conference_2024_Stephanie_Bland_Jonathon_Woodall-Johnston_Dame_Irene_Hays_and_Becky_Dodd (Credit: Hays Travel)

Hays COO Jonathon Woodall-Johnston with Dame Irene Hays, Stephanie Bland (left) and Becky Dodd (right)

Hays Travel faced just such a problem when the Budget saddled the agency with a 10% increase in its wage bill thanks to increases in the National Living Wage coming next April and other costs.

However, speaking to TTG at the agency’s annual conference in Turkey, owner and chair Dame Irene Hays proudly insisted staff wouldn’t be hit in the pocket and would continue to receive more than living wage despite the Budget setback.

She was adamant, too, that the bill wouldn’t be passed on to suppliers, despite Hays shouldering the cost of operating a national retail network of around 500 shops – one that offers them vast distribution opportunities.