An ongoing ‘volatile’ leisure market & shop closures in the previous financial year won’t mean the end of retail stores for the Flight Centre Travel Group.

Managing Director Graham Turner expressed confidence in the future of traditional agencies during a recent interview with The Sydney Morning Herald, saying that the Flight Centre Travel Group would not be reducing its store numbers despite challenges.

The MD’s comment came shortly after the group posted a 10 percent growth in Profit Before Tax (PBT) to $140.4 million for the six months to December 2018, which came despite what Graham described as a “volatile” leisure market.

Turner told The Sydney Morning Herald that regardless of harsh leisure conditions the group will not reduce shop fronts, but rather take a traditional approach to boosting sales.

“We have just under 1,000 shop fronts and it will stay that way.”

Graham Turner, Flight Centre Travel Group Managing Director

Flight Centre’s MD told the publication that he aims to tackle competitors by moving stores into the “premium, less commoditised travel” space, while online operations, such as BYOjet and Aunt Betty, will also be a priority thanks to their contributions to the group’s sales latest financial results.

CLICK HERE to read the full article on The Sydney Morning Herald.

 

Do you think travel shops will survive in the next few years?