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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.
Hays Travel, a travel agency chain based in Sunderland, England; See also ... This page was last edited on 12 January 2023, at 16:14 (UTC).
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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John Hays owned 56.42%, and Irene owns 43.58%. [5] Hays has been the chair of Hays Travel since 2011. [1] Since January 2019, Hays has been a non-executive board member and chair of the Education and Skills Funding Agency (ESFA) management board. [6]
Hays was also growing its business storage services which included the brands "Hays Wharf" and "Rentacrate". In 1987, a long-planned management buyout was completed, [5] and the company launched an initial public offering in 1989. [1] Ronnie Frost managed the combined services group from 1987 until he retired in 2001. [6]
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