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Hays Travel was founded in 1980 by John Hays in Seaham, Durham. Hays initially opened a small retail store behind his mother's clothing store. [3] Since May 2018, Hays Travel reached sales of over £1 billion. [4] The company's turnover increased by £42 million over 2017, when pre-tax profit was up slightly to £10.1 million.
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Hays earned a degree in mathematics from the University of Oxford. [3] He later earned an MBA from Manchester Business School. [4] In 1980, Hays founded Hays Travel in the back of his mother's children's wear store in Seaham, Durham. [5] Hays owned 56.42% and his wife Irene owned 43.58%. [6]
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Thomas Cook Group plc was a global travel group, headquartered in the United Kingdom and listed on the London Stock Exchange from its formation on 19 June 2007 by the merger of Thomas Cook AG — successor to Thomas Cook & Son — and MyTravel Group [9] until 23 September 2019, when it went into compulsory liquidation.