MyTravel accelerates Going Places closures

Tour operator MyTravel today said it was bringing forward the closure of more than 100 of its high street travel agents after internet bookings soared.

MyTravel was due to close 110 Going Places shops by 2007 as it looked to generate more business online as part of a major overhaul.

But with internet sales making up 16% of MyTravel bookings in 2005 compared with 9% in 2004, the company said the high street closures would take place this month

The company, which ruled out job losses, said it expected the closures to cost £14m (€20.6m) but save £10m (€14.7m) a year.

MyTravel said: “In view of the continuing growth of our internet sales the board has decided to bring forward its planned realignment of its distribution channels and close 110 Going Places shops in November 2005.

“As a result of these closures, the Going Places estate will be reduced to approximately 500 shops by the end of 2006.

“All of the Going Places employees affected by these closures will be offered similar employment within the Group.”