Thomas Cook & Son
|Private company: 1841–1948, 1972–2001|
Government-owned (British Transport Commission): 1948–72
|Fate||Acquired by C&N Touristic AG|
|Successor||Thomas Cook AG|
|Founded||1841 (as Thomas Cook)|
1871 (as Thomas Cook & Son)
|Headquarters||London, United Kingdom|
Thomas Cook & Son, originally simply Thomas Cook, was a company founded by Thomas Cook, a cabinet-maker, in 1841 to carry temperance supporters by railway between the cities of Leicester, Nottingham, Derby and Birmingham. In 1851, Cook arranged transport to the Great Exhibition of 1851. He organised his first tours to Europe in 1855 and to the United States in 1866.
In 1865, the founder's son John Mason Cook began working for the company full-time. In 1871, he became a partner, and the name of the company was changed to Thomas Cook & Son. The company was nationalised along with the railways in 1948, becoming part of the British Transport Commission. After de-nationalisation in 1972, it was acquired by a consortium of Trust House Forte, Midland Bank and the Automobile Association, then subsequently bought by Westdeutsche Landesbank in 1992.
Thomas Cook & Son was founded by Thomas Cook, a cabinet-maker, in 1841 under the name "Thomas Cook" to carry temperance supporters by railway between the cities of Leicester, Nottingham, Derby and Birmingham.
In 1851, the founder arranged transport to the Great Exhibition of 1851. He organised his first tours to Europe in 1855 and to the United States in 1866. In 1865, the founder's son John Mason Cook began working for the company full-time. In 1871, he became a partner, and the name of the company was changed to Thomas Cook & Son.
Thomas Cook had acquired business premises on Fleet Street, London, in 1865. The office also contained a shop which sold travel accessories, including guide books, luggage, telescopes and footwear. Thomas saw his venture as both religious and social service; his son provided the commercial expertise that allowed the company to expand. In accordance with his beliefs, he and his wife also ran a small temperance hotel above the office. Their business model was refined by the introduction of the 'hotel coupon' in 1868. Detachable coupons in a counterfoil book were issued to the traveller. These were valid for either a restaurant meal or an overnight hotel stay, provided they were on Cook's list.
In 1866, the agency organised the first escorted tours of the United States for British travellers, picking up passengers from several departure points. John Mason Cook led the excursion which included tours of several Civil War battlefields. In 1871, a brief but bitter partnership called Cook, Son and Jenkins was formed in the United States with an American businessman.
The first escorted round-the-world tour departed from London in September 1872. It included a steamship across the Atlantic, a stage coach across America, a paddle steamer to Japan, and an overland journey across China and India.
In 1873, publication of the quarterly (monthly from 1883) Cook's Continental Timetable began. It continues to be published in 2019, but no longer by Thomas Cook Publishing, which was wound up by its parent company in 2013; the timetable was relaunched in 2014 by an independent company, under the title European Rail Timetable, no longer affiliated with Thomas Cook Group.
Conflicts of interest between father and son were resolved when the son persuaded his father, Thomas Cook, to retire at the end of 1878. He moved back to Leicester and lived quietly until his death. The firm's growth was consolidated by John Mason Cook and his three sons, especially by its involvement with military transport and postal services for Britain and Egypt during the 1880s when Cook began organising tours to the Middle East.
By 1888, the company had established offices around the world, including three in Australia and one in Auckland, New Zealand, and in 1890, the company sold over 3.25 million tickets. A husband and wife might, for example, pay £85 for a Thomas Cook tour of Germany, Switzerland, and France over six weeks. While expensive enough that the trip would likely be the only one in the couple's lifetime, the company would arrange for a variety of activities new to the middle-class, including museum visits, the opera, and mountain climbing. John Mason Cook promoted, and even led, excursions to, for example, the Middle East where he was described as "the second-greatest man in Egypt".
In 1924, the company was renamed Thomas Cook & Son Ltd., after acquiring limited liability status.
With the boom in travel in the Edwardian era, John Mason Cook's sons, Frank Henry, Thomas Albert and Ernest Edward, were even more successful than their father and grandfather had been at running the business. Frank and Ernest opened a new headquarters in Berkeley Street, London in 1926, but unexpectedly sold the business two years later to the Compagnie Internationale des Wagons-Lits et des Grandes Express Européens, operator of the Orient Express.
In 1942, Thomas Cook & Son was sold to Hays Wharf Cartage Company, which was owned by the four major British railway companies. The company was nationalised along with the railways in 1948, becoming part of the British Transport Commission.
In the late 1950s, the company began showing information films at town halls throughout Britain to promote 'foreign holidays' (particularly France, Italy, Switzerland and Spain). The company sold "inclusive tours" (package holidays) using scheduled airlines but refused to sell cheap package holidays which compromised on quality and service. As a result, the company began to lose market share during the 1950s and 1960s, although its operating profits exceeded £1 million for the first time in 1965. The company was denationalised in 1972, when it was acquired from the British Government by a consortium of Trust House Forte, Midland Bank and the Automobile Association. Midland Bank acquired sole control in 1977.
The company's name was altered from Thomas Cook & Son, Ltd, to Thomas Cook Group Ltd in 1974, and the company began to relocate most of its administrative functions from London to Peterborough in 1977.
During the 1980s, Thomas Cook had its most visible business presence in the US, including robust traveller's cheque sales to regional US banks. The company had enough business critical mass to set up a computer centre near Princeton, New Jersey. Robert Gaffney, Charles Beach, Robin Dennis and Anthony Horne were some of the notable decision-makers in that era. Robert Maxwell bought substantial holdings in the company in 1988 and still held that interest when Crimson/Heritage purchased the US division of Thomas Cook for US$1.3 billion in 1989.
In September 1994, American Express (Amex) bought the corporate travel interests of Thomas Cook Travel Inc. which represented about ten percent of the British company's total revenue. However, Amex was not able to buy the venerable Thomas Cook name; an American Express affiliate, Cook Travel Inc., had been operating under that name since 1991 in the United States.
Due to contractual difficulties LTU Group sold its 10% shares to WestLB in May 1995. During 1996 the company bought short-haul operator Sunworld and European city-breaks tour group Time Off. Within three years the company had combined Sunworld, Sunset, Inspirations, Flying Colours and Caledonian Airways into the JMC (for 'John Mason Cook') brand.
In 2000, the company announced its intention to sell its financial services division, in order to concentrate on tours and holidays. In March 2001 the financial services division was sold to Travelex, who retained the right to use the Thomas Cook brand on traveller's cheques for five years. It sold off its worldwide foreign exchange business to Travelex in November 2000.
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- Briginshaw, David (1 November 2013). "European Rail Timetable to be re-launched in February". International Railway Journal. Retrieved 28 April 2019.
- Competition Commission Report 1995 Archived 6 January 2012 at the Wayback Machine
- Speake, Jennifer (2003). Literature of Travel and Exploration: An Encyclopedia. Routledge. ISBN 978-1579582470.
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- Tungate, Mark (2017). "The Escape Industry: How Iconic and Innovative Brands Built the Travel Business". Kogan Page. ISBN 978-0749473501.
- "Thomas Cook packaged and sold". BBC. 26 May 1972.
- "Thomas Cook to relocate head office within Peterborough". Travel. 4 August 2015. Retrieved 22 September 2019.
- "Thomas Cook joins forces with Crimson; $1.3 billion agency created". Travel Weekly. 18 December 1989.[dead link]
- "American Express Deal for Thomas Cook Is Seen". New York Times. 10 September 1994. Retrieved 22 September 2019.
- "Case No IV/M.785 - Thomas Cook / Sunworld" (PDF). Commission of the European Communities. 7 August 1996. Retrieved 21 September 2019.
- "Westdeutsche Landesbank-Carlson-Thomas Cook (Merger)". Commission of the European Communities. 26 May 1999.
- "UK Business Park". Archived from the original on 15 February 2012.
- "Thomas Cook cheques arm sold for £440m". The Telegraph. 9 November 2000. Retrieved 21 September 2019.
- "First Choice shakes off winter blues". BBC. 12 June 2001. Retrieved 21 September 2019.
- W. Fraser Rae (1891), "The Business of Travel: a Fifty Years' Record of Progress", Nature, 44 (1133): 247–248, Bibcode:1891Natur..44..247., doi:10.1038/044247c0,
Banquet to commemorate the fiftieth year of the business of Thomas Cook & Son, at the Hôtel Métropole, July 22nd, 1891
- J. Pudney, The Thomas Cook Story. 1953
- Edmund S. Swinglehurst, Cook's Tours: The Story of Popular Travel. Poole, Dorset: Blandford, 1982
- Piers Brendon, Thomas Cook: 150 Years of Popular Travel. London, 1991
- The History of tourism: Thomas Cook and the origins of leisure travel. London: Routledge, 1998.
- Benedikt Bock (2010). Baedeker & Cook: Tourismus am Mittelrhein 1756 bis ca. 1914 [Baedeker and Cook: Tourism in the Middle Rhine 1756 to about 1914]. Mainzer Studien zur Neueren Geschichte (in German). Frankfurt: Peter Lang. ISBN 978-3631595817.
- F. Robert Hunter (2004). "Tourism and Empire: The Thomas Cook & Son Enterprise on the Nile, 1868–1914". Middle Eastern Studies. 40 (5): 28–54. doi:10.1080/0026320042000265666. JSTOR 4289940.
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