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Holiday Stationstores history
Holiday Stationstores company history timeline
By 1939 Thomas Cook was advertising holidays by air with a week in Cannes, in the south of France, costing £15/5s (about £930 in today’s money) – well beyond the financial reach of most people.
1973: Owners Abroad (Wholesale) Ltd. is formed.
Thomson Holidays was soon to become market leader, its position secured after the demise of Clarksons, part of the massive Court Line group, which went bust in 1974 after the first global oil crisis hit demand and forced up prices.
Nancy and Dwight Thompson started Holiday Tours in 1978, offering to local people the opportunity to travel in North America on deluxe tours at affordable prices.
In 1980, the first motorcoach was purchased, and from that small beginning, the company has grown into a fleet of Deluxe Prevost Motorcoaches serving the travel needs of over 50,000 passengers annually.
1982: Company changes name to Owners Abroad Group Plc and lists on London secondary market.
By then, Owners Abroad had sold part of the company in a public listing on the London secondary market, raising the capital not only to acquire Falcon Leisure but to begin a steady diet of acquisitions, including that of the youth-oriented tour operator 2twentys, added in 1984.
ITH also began cruise operations, forming Encore Cruises in 1991.
Talks broke off, however; instead, Owners Abroad sold a 10 percent stake to Westdeutsche Landesbank, through its Thomas Cook travel subsidiary, based in the United Kingdom, in 1992.
At last, in 1996, after other members of First Choice's management threatened to quit, Baron was packed off with a £650,000 severance check.
1996: Peter Long becomes CEO, announces three-year restructuring plan.
By 1998, First Choice was ready to begin an extended acquisition drive.
The company was also enjoying a reputation for quality, with Air 2000 winning a number of awards for being among the United Kingdom's best charter airlines.
The company took full control of Holiday Hypermarkets in 2000.
The two companies also agreed to begin preparations for a launch of a new joint-venture cruise company to begin operations possibly by 2002.
The golden age of package holidays was finally over, with the ‘big four’ becoming the ‘big two’ in 2007 as Thomson merged with First Choice, and Thomas Cook with Airtours.
Thomas Cook, which celebrated its 175th anniversary in July 2016, has experienced a turbulent few years, and package holiday operators – which gave so many people their first taste of foreign travel – have a much lower share than a decade ago.
Dave Richardson is the author of Let’s Go – A History of Package Holidays and Escorted Tours (Amberley Publishing, 2016). For more information, visit www.historyofpackagetours.co.uk
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Holiday Stationstores competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Speedway | 1952 | $23.6B | 40,230 | 7 |
| Casey's | 1959 | $14.9B | 16,891 | 185 |
| Woodman's Food Markets | 1919 | $2.0B | 3,800 | 2 |
| Kroger | 1883 | $147.1B | 465,000 | 10,453 |
| Big Lots | 1967 | $4.7B | 22,900 | - |
| Walgreens | 1901 | - | 210,500 | 20,426 |
| Michaels Stores | 1973 | $5.3B | 45,000 | 1,878 |
| Lunds & Byerlys | 1939 | $500.0M | 3,900 | 121 |
| Meijer | 1934 | $19.6B | 70,000 | 987 |
| Younkers | 1856 | $3.0M | 150 | - |
Holiday Stationstores history FAQs
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Holiday Stationstores may also be known as or be related to Holiday Companies, Holiday Companies Inc, Holiday Companies, Inc., Holiday Stationstores, Holiday Stationstores LLC and Lyndale Terminal Co.