When I told my doctor about taking the job he thought I was mad! He said I should be thinking about retirement, not taking on a new challenge. But I responded that unless he was trying to tell me something, I wasn’t ready for the final chapter just yet.”
Paul Wait is speaking to me almost six months after taking on the newly created role of chief operations officer at Southall Travel Group.
With the company featuring at number 18 in the Sunday Times Top Track 250, and turning over £563 million a year – compared with just £500,000 when it launched as a VFR-focused agency 20 years ago – it is no wonder Wait’s doctor raised an eyebrow.
But even after 45 years in the industry – the past four at the helm of the Guild of Travel Management Companies (GTMC), and at Virgin Atlantic and American Express before that – Wait was eager to join his old acquaintance Kuljinder Bahia’s thriving firm.
“I get a buzz out of learning and challenging myself,” he grins. “I like to take myself out of my comfort zone and into the adventure zone. Every now and then you end up in the fear zone,” he continues with a laugh, “but hopefully not too often.”
Wait describes his first few months as being as “interesting, challenging and fun” as he thought they would be. While Bahia is known for being a “very hands-on owner”, Wait’s appointment is intended to give Bahia time to “think strategically about the future” for the various brands of the group, which employs 1,500 people in state-of-the-art offices in Delhi, and many more in its new Mayfair premises.
As well as the founding brand, the group’s offering includes tour operation Away Holidays, corporate travel division Applehouse Travel, OTA Travel Trolley and B2B wholesaler The Holiday Team.
This diversity of brands sits in line with what Wait believes is the best business model: “The most successful route to market is a multi-channel distribution strategy, where you do not differentiate by price or product, like some airlines are doing today.”
Most recently, Southall Travel launched ST Fly, targeted at the travelling student community, and ST Sports. And while the brands’ soft launches have proved an initial success – Wait says ST Fly will be a “disruptor” in the student travel space – Bahia has tasked Wait with a particular focus on developing and growing B2B brands Applehouse Travel and The Holiday Team.
