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Tesco hints at move into travel
Tesco has revealed it may start selling holidays as it actively looks to expand its non-food business.
A senior executive said a brand as trusted as Tesco would take-off in travel and believed there was a “huge opportunity” to be grasped.
Tesco director of space and merchandising Steve Clark, quoted in The Scotsman, said: ” Our research shows people are more conscious of things like health and leisure time. For the first year ever, consumers now spend less than 10% of their income on basic food and drink for everyday needs so it’s important to know where customer spend is going.
“We believe there is a huge opportunity for us in offering other retail services and that touches on travel. We look at every penny that customers spend. And if we do go into travel, we would look to partner people with expertise.”
He added the supermarket wanted to be as “strong in non-food markets as we are in food”.
An ABTA spokeswoman said travel agents “have been through a lot of hoops” to get to a very high level of expertise.
“Saying ‘We’re good at this, so we will be good at travel’ is not necessarily true,” she said.
Report by Steve Jones
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