Hays Travel is considering expanding Miles Morgan Travel, maintaining operational independence.
- Owner Irene Hays expresses openness to further branch openings based on strategic fit.
- Separation of operations currently remains, with potential for future integration under review.
- Hays Travel continues acquisitions, focusing on businesses enhancing their model.
- Miles Morgan anticipates another successful trading year under new ownership.
Hays Travel has shown interest in exploring opportunities to expand the operations of Miles Morgan Travel. The decision to potentially open more branches hinges on strategic alignment with their current business model, according to owner Irene Hays. This approach highlights their commitment to grow in a manner that aligns with their long-term objectives, irrespective of the brand in question, whether it be Travel House, Miles Morgan Travel, or their franchise operations.
In the interim, the operational aspects of Miles Morgan Travel will remain independent from Hays Travel. This decision reflects a cautious strategy where integration is not immediate, allowing for the evaluation of potential synergies before any consolidation occurs. Hays’s approach is to maintain separations until such time as a comprehensive review is conducted, ensuring any integration aligns with their broader acquisition strategy.
Irene Hays has revealed that her company remains open to entertaining offers from businesses interested in selling. This openness to acquisitions underlines Hays Travel’s proactive stance in a competitive marketplace, pursuing businesses that not only fit but enhance their overarching business model.
Miles Morgan, the founder of the eponymous travel agency, has expressed confidence in the agency’s continued success under its new ownership. He emphasised that the agency is financially robust, having achieved record trading results in 2023, and is on course to repeat this success in 2024. His positive outlook reassures stakeholders of the agency’s future prospects.
Hays Travel’s strategic considerations and Miles Morgan’s optimism signal promising growth and resilience in the travel sector.
