RE: Travel restrictions may be eased for those double vaccinated20 Jun 2021 14:58
Pressure on government seems to be mounting now, joint legal action by Ryanair, and 4 UK airports to start. Stepdaughter (11) just tested positive with half a dozen other kids in the class. Delta seems to be ripping through the schools but now very minimal risk and with all the vaccines. Shows the vaccines are working.
There’s no doubt travel in general and TOUR will boom from next year.
It seems the new boss has been brought in to turn it around for the better…because no one has any money to buy it now.
It makes me wonder….do they make the equivalent or even more on selling the Travel Insurance along side it to make it even more profitable? There’s something to get your teeth into BB
1, How many Saga customers buy TOUR with SAGA travel insurance? 2. SAGA demographic customers tend to buy a yearly policy?! Because they travel a lot, increasing margin and profitability? So let’s ask?! Nicely interlinked.
4. S**t margins at 3% but are they making more on the travel insurance policies? Also once they’re sold a Travel policy they are using there DATA to upsell? Car and House etc etc. Could we see a 3 year fix on Travel Insurance Policies?
Banbury & Gordon. I totally agree with you in terms of getting rid of TOUR for the exact reasons you gave. Rubbish margins and open to bad world events. So I go back on my word slightly and changed my mind.
However when functioning in a normal world environment it would add slight value, especially for the travel insurance side, but not enough I feel. Insurance and Cruise is a nice little mix.
What I can’t get my head around is the burn on TOUR? BB the reason they were not furloughed is like myself, and other travel agents for instance is, they had to deal with all the cancellations, refunds and rebookings. The fact the government kept opening and re-opening Travel didn’t help whatsoever, so people started booking again, then cancelling and re-booking again and again!! An absolute mess by the government. But essentially on that, it’s only staff wages that they should be burning really, as no fixed costs apart from the river cruises?
The only thing I can think of is what you said about the ‘ring fencing’ receipts and still feeling the effect.
Agreed, ramping up operations from a dormant position. Advertising, wages, ship preparation, sea trials, covid testing measures before on boarding put in place. Docking costs for arranged ports of call. Arranging customers travel from home etc etc etc is my guess, which seems reasonable.
Banbury - much to your displeasure pal it looks like they are investing in Titan and growing the operation. IMO this could be good as we emerge from the pandemic. Demand is massive for next year….and hopefully later this year going, into the peak booking period for SAGA customer demographic being September and October. It has a good solid name so kind of makes sense to me. GLA. Monday looks very positive to me.
Definitely mate, there loss! To be fair, it’s about the ships, and spending 95% of there time on the ships the customers are paying for. No one gives a s**t really where they stop. No one paid to visit Scotland. They just want to be on a cruise ship.
RE: Govt encourages Britons to 'holiday at home' and avoid foreign travel08 Jun 2021 08:19
I’m the biggest optimist there is, and I own a travel agency….but now lost faith completely. There intent on making people spend there cash in the UK. I’m all in on SAGA though for a proper recovery play and sold out here. DYOR. GLA.
The Government is intent on people spending all there cash in the UK this summer. Foreign travel looks bleak. I own a travel agency, and had my hopes pinned on opening up, but doesn’t look like it. However I’m all in on SAGA if you want a proper recovery play. DYOR. GLA