United Kingdom
United States
Asia Pacific
Thomson to sell overseas properties
Thomson is to start selling overseas properties as increasing numbers of people look for a place in the sun.
It will offer properties in Spain, Portugal and Cyprus through its high street network in a move that marks a significant diversification for the company.
Marketing director Miles Morgan is reported as saying it is a “natural step”.
“Thanks to the growth of low cost travel, television programmes about living abroad and people looking to invest in property rather than pensions, owning a home abroad is now a realistic option for lots if people,” he is quoted as saying.
He added the industry has changed “massively” over the years with agents needing to broaden the range of what they sell in order to survive.
The move follows a survey of 1600 Thomson customers which revealed 55% want to buy abroad, as either a first or second home.
The growth of low cost carriers, and relatively low cost of buying abroad, has sparked a trend to buy abroad with Thomson estimating half a million Brits have bought an overseas property, half in Spain. Industry observers say it is one of the reasons why sales of package holidays have fallen.
Thomson, which has joined forces with overseas property firm Parador Properties, hope to sell 1000 homes during its first year. Customers will be able to take a virtual tour of properties.
Report by Steve Jones
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’