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Hays Travel sees profits leap five years after Cook purchase

Operators
Gary Noakes
9 October 2024

Hays Travel has revealed a big jump in profits exactly five years after it bought Thomas Cook’s retail estate.

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Pre-tax profit soared 43% to £73.4 million in the year to 30 April 2024. This compares with £51.5 million in the previous 12 months, which was affected by the pandemic hangover. Total transaction value was £2.55 billion, an increase of 17% on 2022/23.

The latest result means Hays Travel has been back in the black for the past three years. It said increasing consumer confidence in travel, with customers travelling more often and further afield, “and achieving growth plans in all areas” had boosted profitability.