Travel Centre (0708P10)
Status: Lapsed | Zone: Trustee
Passed: 16/06/2008 |
This policy was discussed at the following meetings:
- The Travel Centre is currently subsidised £30,000 annually from Student Union funds.
- The future of the Travel Centre has been of long term concern to the Students’ Union.
- The Travel Centre provides services and information to both home and international students.
- 55% of Travel Centre business derives from University sales.
- Rail cards and tickets are now being additionally subsidised by students and sold above their face value price at outlets such as railway stations/online.
- The University are investigating procurement in order to centralise and improve their travel services and transportation. The services they may be looking to invest in could not be viably covered by our Travel Centre services.
- High street branches such as STA have closed and there has been a market increase in online travel sales.
- The revenue made by the Travel Centre has steadily decreased throughout a number of years. The Union forecasts that the £30,000 subsidy shall continue for at least the next 5 years. This subsidy is only based on current sales and market climate.
- The long term sustainability of the Travel Centre is uncertain.
- The Union marketing department cannot currently make revenue from advertising external travel services such as national rail/national express/STA etc. due to the presence of the Travel Centre.
- The Travel Centre makes approx. £1.5million turnover (£2.5 million 5 years ago); without this turnover and the presence of the Travel Centre, the Union would be at a loss of £17,000 annually. This cost covers rent on the current space and reclaimable VAT from Union commercial services as a whole.
- The primary aim of the Travel Centre is to provide a commercial service. This commercial service is currently functioning at a substantial loss.
- There is potential for advice and information on travel to become part of the SUAIC services.
- The Travel Centre space is in a visible location.
- There is an estimated cost of approx. £50,000 to relocate the Travel Centre. The sustainability of the Travel Centre if relocated to another area in the Union is highly uncertain and tenuous.
- The meeting of UMB on the 12th June 2008 further discussing the business aspects of the Travel Centre.
- The Laws of the Union: (Aims):
To provide and administer facilities for welfare, athletic, social, political, cultural and recreational pursuits for its members.
To safeguard and further the educational, social and general interests of its members and
To do all such things as are conductive to the furthering of the above aims.
- It was proposed to implement a three year plan whereby the subsidy/underwriting to the Travel Centre is reduced from the current £30k pa to £20k (2009); £10k (2010) and to break event in 2011.
- It was also agreed to explore options with regard to utilizing the spare space in the Travel Centre office by introducing another commercial activity, or activities which could be developed over the next three years.
Sorry, there are no Mandates for this policy