ABTA Travel Matters June 2021
•Download as PPTX, PDF•
1 like•222 views
This document summarizes a workshop hosted by The Travel Trade Consultancy (TTC). It discusses four key challenges facing the travel industry: 1) visibility in consumer spending and travel trends, 2) stakeholder management such as updates to ATOL regulations, 3) issues with trust accounts and escrow accounts, and 4) options for raising finance like loans, bonds, crowdfunding, and private equity. Presenters at the workshop included Martin Alcock, Sarah Winship, Simon Brodie, and Jade Stutely from TTC.
Report
Share
Report
Share
Recommended
ABTA Travel Matters wind down workshop
This document summarizes a travel industry workshop hosted by ABTA. It discusses challenges related to visibility as consumer spending and unemployment trends change. It also reviews travel search trends to Portugal and within the UK and EU. Additional sections discuss challenges around stakeholder management with updates to ATOL and IATA changes. Further challenges involve trust and escrow accounts, and raising finance options for travel companies. The workshop was presented by several individuals from a travel consultancy company.
ABTA Travel Matters
This document summarizes a travel industry workshop hosted by ABTA. It discusses challenges related to visibility as consumer spending and unemployment trends change. It also reviews travel search trends to Portugal and within the UK and EU. Additional sections discuss challenges around stakeholder management with updates to ATOL and IATA changes. Further challenges involve trust and escrow accounts, and options for raising finance like crowdfunding, private equity, and stock listings. The document lists presenters from The Travel Trade Consultancy and provides their contact information.
London Tech Week 2020 Tech Nation Dealroom
Figures compiled by Tech Nation and Dealroom for the Digital Economy Council show that investors continue to back some of the UK’s most promising tech teams, despite the challenges posed by Covid-19.
As members of the UK tech sector meet virtually during #LTWConnects events, figures show UK digital tech companies are continuing to attract investment, are still advertising vacancies and are optimistic that they can navigate the crisis. On measures including investment raised by companies and capital raised by investors - which will help sustain the sector for the long term - the UK outperforms all of its European neighbours.
UK Tech Investment Overview - BNP Paribas
The UK tech ecosystem raised $30 billion in 2022, down from 2021 but still 72% higher than 2020. The total value of UK tech companies reached $1 trillion. The UK and France were the top two countries in Europe for climate tech funding in 2022, each raising $2.9 billion. While the UK remains a leader in Europe, neighboring countries like France and Sweden are catching up.
ONS Economic Forum Webinar 14 February 2022
- UK GDP fell 0.2% in December 2021, though indicators point to some recovery in January 2022. Inflation continues to rise and is forecasted to peak in April due to energy prices.
- 46% of home workers reported spending less due to reduced commuting costs, while 86% reported higher utility bills. Spending was lower for employed individuals and correlated with lockdown restrictions.
- The labor market continues tightening with unemployment falling, while expected pay settlements have risen in 2022.
The Return of Travel
- The ongoing COVID-19 crisis poses an enormous challenge for the airline industry, with some airlines already ceasing operations or entering administration. Airlines will focus on reducing capacity, cutting costs, and conserving cash.
- Growth in the airline industry in the short to medium term will likely be curtailed as airlines rightsize their operations to align with lower demand. This also provides an opportunity for airlines to fundamentally reexamine their operating models.
- While virtual reality can connect people during periods of social distancing, it will not replace the authentic experience of real travel. Technology may help promote new destinations, but personal experiences are not easily replicated virtually.
SlideShare ONS Economic Forum Slidepack - 22 January 2024
The document summarizes findings related to average hours worked in the UK economy from 1998 to 2022. Key points:
- Average weekly hours worked have decreased for all workers and men, but increased for women over this period.
- The decline in average hours worked partially explains decreases in employment since the pandemic.
- Compositional changes, including a growing share of female and older workers who tend to work fewer hours, explain part of the decline in average hours worked overall.
Greek Economy Recent Developments by Akis Haralabopoulos
Greek Economy Greek Loan to Germany during World War Two Greek Economic reform Transparency Tax evasion in Greece Improvements in the Greek economy since the Global Financial Crisis Namibian Case Study Lagarde List of Greeks with Bank Accounts HSBC Geneva Switzerland Option B Default on Greek Debts Consequences of debt default The Troika Reform or Austerity in Greece IMF policy Merkel
Recommended
ABTA Travel Matters wind down workshop
This document summarizes a travel industry workshop hosted by ABTA. It discusses challenges related to visibility as consumer spending and unemployment trends change. It also reviews travel search trends to Portugal and within the UK and EU. Additional sections discuss challenges around stakeholder management with updates to ATOL and IATA changes. Further challenges involve trust and escrow accounts, and raising finance options for travel companies. The workshop was presented by several individuals from a travel consultancy company.
ABTA Travel Matters
This document summarizes a travel industry workshop hosted by ABTA. It discusses challenges related to visibility as consumer spending and unemployment trends change. It also reviews travel search trends to Portugal and within the UK and EU. Additional sections discuss challenges around stakeholder management with updates to ATOL and IATA changes. Further challenges involve trust and escrow accounts, and options for raising finance like crowdfunding, private equity, and stock listings. The document lists presenters from The Travel Trade Consultancy and provides their contact information.
London Tech Week 2020 Tech Nation Dealroom
Figures compiled by Tech Nation and Dealroom for the Digital Economy Council show that investors continue to back some of the UK’s most promising tech teams, despite the challenges posed by Covid-19.
As members of the UK tech sector meet virtually during #LTWConnects events, figures show UK digital tech companies are continuing to attract investment, are still advertising vacancies and are optimistic that they can navigate the crisis. On measures including investment raised by companies and capital raised by investors - which will help sustain the sector for the long term - the UK outperforms all of its European neighbours.
UK Tech Investment Overview - BNP Paribas
The UK tech ecosystem raised $30 billion in 2022, down from 2021 but still 72% higher than 2020. The total value of UK tech companies reached $1 trillion. The UK and France were the top two countries in Europe for climate tech funding in 2022, each raising $2.9 billion. While the UK remains a leader in Europe, neighboring countries like France and Sweden are catching up.
ONS Economic Forum Webinar 14 February 2022
- UK GDP fell 0.2% in December 2021, though indicators point to some recovery in January 2022. Inflation continues to rise and is forecasted to peak in April due to energy prices.
- 46% of home workers reported spending less due to reduced commuting costs, while 86% reported higher utility bills. Spending was lower for employed individuals and correlated with lockdown restrictions.
- The labor market continues tightening with unemployment falling, while expected pay settlements have risen in 2022.
The Return of Travel
- The ongoing COVID-19 crisis poses an enormous challenge for the airline industry, with some airlines already ceasing operations or entering administration. Airlines will focus on reducing capacity, cutting costs, and conserving cash.
- Growth in the airline industry in the short to medium term will likely be curtailed as airlines rightsize their operations to align with lower demand. This also provides an opportunity for airlines to fundamentally reexamine their operating models.
- While virtual reality can connect people during periods of social distancing, it will not replace the authentic experience of real travel. Technology may help promote new destinations, but personal experiences are not easily replicated virtually.
SlideShare ONS Economic Forum Slidepack - 22 January 2024
The document summarizes findings related to average hours worked in the UK economy from 1998 to 2022. Key points:
- Average weekly hours worked have decreased for all workers and men, but increased for women over this period.
- The decline in average hours worked partially explains decreases in employment since the pandemic.
- Compositional changes, including a growing share of female and older workers who tend to work fewer hours, explain part of the decline in average hours worked overall.
Greek Economy Recent Developments by Akis Haralabopoulos
Greek Economy Greek Loan to Germany during World War Two Greek Economic reform Transparency Tax evasion in Greece Improvements in the Greek economy since the Global Financial Crisis Namibian Case Study Lagarde List of Greeks with Bank Accounts HSBC Geneva Switzerland Option B Default on Greek Debts Consequences of debt default The Troika Reform or Austerity in Greece IMF policy Merkel
Economic Capsule - September 2021
The document provides a summary of economic and business news in Sri Lanka. Key points include:
- Sri Lanka's GDP grew 12.3% in Q2 2021 from a low base in 2020.
- The CBSL imposed a 100% cash margin deposit requirement on selected non-essential imports.
- The CB's monetary stimulus since the pandemic amounts to Rs. 2.7 trillion.
- The tourism industry debt moratorium was extended by nine months.
- Sri Lanka was removed from the UK's COVID-19 red travel list.
Economic Recovery in Europe, lecture
Lecture Economic Recovery in Europe by Inese Allika, Chief Economist, International Relations Division, Latvijas Banka
SlideShare ONS Economic Forum Slidepack - 12 June 2023
Welcome to the monthly economic forum. Here we will be showcasing the latest economic and social developments with a wide range of analytic topics. Each month we will feature ‘State of the Economy’, providing a stocktake of the latest trends and developments.
Economic Capsule - October 2021
The document is an economic capsule from the Central Bank of Sri Lanka that provides updates on banking, finance, and business in Sri Lanka. Some key points:
- Commercial Bank of Sri Lanka partnered with LankaClear to become the first bank to accept digital signatures, and linked import/export payments to LankaPay's digital platform.
- Sri Lanka's economy is projected to grow 3.3% in 2021 by the World Bank, amidst the ongoing pandemic.
- The Central Bank of Sri Lanka maintained policy interest rates at their current levels.
- The trade deficit expanded significantly in the first eight months of 2021 compared to 2020, as merchandise exports grew 22.6% and imports grew 30.7%.
-
OECD Digital Economy Outlook 2020: Key findings
The document discusses the OECD Digital Economy Outlook 2020 report which examines the state of the digital economy and the impact of COVID-19. Some key findings include: connectivity has improved but gaps remain, internet and technology use varies between individuals and businesses, and COVID-19 has accelerated digital adoption and highlighted the importance of technology. The report argues that digital strategies need to be broadened to better support economic recovery as the digital economy becomes more integral.
The Rise of Cloud in Europe from Bessemer Venture Partners
1) The document discusses the rise of cloud computing and technology startups in Europe. Venture capital investment in European tech startups has been trending upwards, with record amounts raised in 2019.
2) Europe is producing more $1 billion outcome companies and has a strong pipeline of "unicorns" (privately held startups valued over $1 billion). Many European decacorn companies (valued over $10 billion) are choosing to keep their headquarters in Europe.
3) The cloud market is growing rapidly and is on track to become the majority of the overall software market within the next 5 years. European cloud companies have seen their total market capitalization increase nearly 14x from 2016-2020.
Tender scout annual report for 2013
The value of the Irish public sector procurement market in 2013 was €12 Billion. It is the single biggest market opportunity for Small and Medium Enterprises (SMEs). TenderScout is a market intelligence company that helps SMEs win public sector tenders.
This report is based not just on interviews with SMEs and analysis of government policy, but critically a foren- sic assessment of the publically available procurement data.
The highlights of our analysis are presented in this re- port, which we hope will provide a forum for discussion and inform both buyer and suppliers as to the realities of what’s happening within public sector procurement.
By exposing some of the trends within public sector procurement, we hope to demystify the process for the many SMEs who at present do not see this as a viable option for their business. In doing so we aim to increase participation amongst SMEs and positively impact the health and vibrancy of the SME sector.
Economic Forum - 25 April 2022
The document summarizes the key points from an economic forum held by the Office for National Statistics on April 25th, 2022. It includes:
1) Presentations were given on the state of the UK economy, rising cost of living pressures, and their impacts. The economy has grown above pre-pandemic levels but some sectors are lagging. Inflation is at a 30-year high and impacting households and businesses.
2) Data shows cost of living increases reported by nearly 90% of adults in March 2022. Those in deprived areas face more difficulty paying bills and affording housing. Financial resilience is decreasing as savings rates fall.
3) The global economic outlook has worsened due
Job Market Summary of 80 countries - February 2022
The document summarizes labor market data from Career Angels covering 80 countries from February 2022. It provides insights from executives and HR directors. Some key findings are:
- Demand for candidates increased in Southern Europe in February 2022.
- 15 out of 28 European countries saw decreased unemployment levels since January 2021.
- The Netherlands saw the largest decrease in demand for candidates in February 2022.
ONS Economic Forum, 13 March 2023
This document summarizes an economic forum held by the Office for National Statistics (ONS). It includes the following:
- An agenda for presentations on the state of the UK economy, factors driving inflation, discretionary spending over winter, and a question and answer session.
- A presentation by the ONS Chief Economist giving an overview of the UK economy, noting that growth forecasts still point to a challenging 2023, with industrial action and higher economic inactivity as issues.
- A presentation by an ONS analyst discussing how both reopening of the economy (increasing demand) and supply bottlenecks have contributed to inflation in the UK since the pandemic, though these impacts are falling.
- A presentation
SlideShare ONS Economic Forum Slidepack - 17 July 2023.pptx
This document summarizes findings from the Office for National Statistics' Opinions and Lifestyle Survey regarding the impact of increased cost of living on adults in Great Britain from February to May 2023. Key findings include:
- 9 in 10 adults reported that the cost of living is an important issue facing UK society.
- Over this period, more adults reported making cuts to essential spending like food and utilities or falling behind on bills and payments compared to previous periods.
- Those already in vulnerable financial circumstances before the increased costs, including disabled people, families with children, and low-income households, continued to report the greatest impacts.
US and Asian investment in UK tech skyrockets
The UK tech sector has attracted more foreign capital investment in the fist seven months of 2019 than it did for the whole of 2018.
• $6.7 billion has been invested in UK tech companies in the first seven months of 2019
• More than half ($3.7B) of these investments have come from America and Asia
• UK tech has now overtaken the US for foreign investment, per capita
• The sector is averaging $1bn a month from both foreign and domestic investors
• The top 30 foreign-funded companies have created more than 5,000 UK jobs
• This talent is being celebrated in Tech Nation’s Bright Tech Futures Awards
Insurance, Politics, and Economics in a Post- Pandemic World
A comprehensive financial overview and outlook for property/casualty insurance industry and the economy in the post COVID-world.
Why the focus on Micro-credentials?
Micro-credentials are becoming increasingly popular due to demands from employers and students for flexible, affordable, and specialized learning opportunities. While some see micro-credentials as a fad, proponents argue they can support lifelong learning goals by providing credentials for individual skills and competencies. Recent studies show growing interest from employers in candidates who earn micro-credentials to supplement their formal degrees.
ABTA Travel Finance Conference
This document summarizes the key points from a travel finance conference in February 2021. It outlines the UK government's proposed roadmap for reopening domestic and international travel, including allowing overnight stays starting in April, resuming international travel in May, and lifting all restrictions by June. It also discusses evidence of pent-up travel demand, the uneven global vaccine rollout, the financial difficulties facing the travel industry, and the pain being felt throughout the travel sector supply chain.
ONS Economic Forum - 26 September 2022
These are the slides presented at the Economic Forum on 26 September 2022.
Presentations this month:
Energy spending by businesses
We present our analysis of businesses' energy spending from the Annual Business Survey 2019 and the Annual Purchases Survey 2018 and the resulting experimental measures of energy intensity. We present how energy intensity varies across and within industries, by energy type and firm size, and depending on the type of measure used.
Tightness in the labour market
We will be presenting analysis of various measures of labour market slack and the relationship between industry unemployment and vacancies.
19.6.2019, Παρουσίαση Γκ. Χαρδούβελη στο Συνέδριο "Η Ελλάδα Μετά ΙΙΙ: Η ανασύ...
19.6.2019, Παρουσίαση Γκ. Χαρδούβελη στο Συνέδριο "Η Ελλάδα Μετά ΙΙΙ: Η ανασύ...ekyklos Κύκλος Ιδεών για τη Εθνική Ανασυγκρότηση
Για τρίτη συνεχή χρονιά, ο Κύκλος ιδεών για την Εθνική Ανασυγκρότηση,
σε συνεργασία με τη Συμεών Γ. Τσομώκος Α.Ε., πραγματοποιούν το ετήσιο διήμερο συνέδριο H ΕΛΛΑΔΑ ΜΕΤΑ
στις 19 και 20 Ιουνίου 2019
στο ξενοδοχείο Divani Caravel.
Κεντρικό θέμα στο φετινό συνέδριο είναι: Η ανασύσταση της μεσαίας τάξης
Κύκλος ΙΙ: Οι επιπτώσεις της περιόδου 2009- 2019 στη μεσαία τάξη
https://ekyklos.gr/19-20-iouniou-ellada-meta-iii-i-anasystasi-tis-mesaias-taksis.html
ELECTRIFICATION OF AVIATION: HYPE OR GAME-CHANGER?
The document discusses advanced air mobility and whether it represents hype or a game changer. It notes that the industry experienced strong growth and funding from 2012 to 2021 but has since seen valuations plummet and funding decline sharply. This represents a typical hype cycle as the industry now separates promising projects from those that are less viable. For advanced air mobility to truly succeed, more funding is needed to focus on certification and overcoming technical challenges, while ensuring sustainability, customer experience, and use cases that can significantly reduce airline emissions like regional air mobility. Visionaries who can advance their technologies during this challenging period have the potential to emerge successfully on the other side.
Economic Capsule - April 2019
The document provides a summary of economic developments in Sri Lanka based on reports from the Asian Development Bank and Sri Lankan central bank. Key points include:
- Agriculture and industry are expected to grow gradually in 2019-2020 while services growth remains moderate. Private spending will be supported by government wage increases.
- Exports grew 7.3% in Jan-Feb 2019 led by textiles and garments. Imports fell 22.7% due to lower consumer goods and intermediate goods. The trade deficit shrank 41.2%.
- Brexit could impact Sri Lanka's garment exports to the UK if tariffs are imposed, but a UK-EU customs union may allow Sri Lanka to retain existing EU trade
GCF - Présentation Luxury, Fashion & Lifestyle - 1222_.pdf
The document discusses market trends in the luxury, fashion and lifestyle sector. It notes that the global luxury goods market is projected to grow from $257 billion in 2020 to $353 billion in 2025. Key drivers of growth include increasing demand in Asia and the Middle East, brands adapting to new technologies like AI and AR, and the growing market for sustainable fashion. The document also reviews M&A trends, noting that the sector attracted 284 deals in 2021, mainly in Europe and North America. Recent transactions and typical valuation multiples are also presented. Finally, the expertise of GEREJE Corporate Finance in advising clients in the luxury/lifestyle space is outlined.
5 emerging opportunities for travel businesses
Friday 18 March was a major milestone for the UK travel industry.
All remaining international travel restrictions fell away, removing several severe headaches for travel companies and their holiday-starved customers.
As optimism continues to build, here are five opportunities you should watch out for.
5 considerations for working with travel agents
Travel agents can still be an effective distribution channel, providing access to customers seeking reassurance when planning complex or expensive trips. While travel agents require commissions of 8-12% and investments of time and resources, they provide access to qualified customers without heavy marketing costs. However, there are also risks like agents failing to pay, so travel companies need to protect themselves with monitoring, agreements, and financial protections.
More Related Content
Similar to ABTA Travel Matters June 2021
Economic Capsule - September 2021
The document provides a summary of economic and business news in Sri Lanka. Key points include:
- Sri Lanka's GDP grew 12.3% in Q2 2021 from a low base in 2020.
- The CBSL imposed a 100% cash margin deposit requirement on selected non-essential imports.
- The CB's monetary stimulus since the pandemic amounts to Rs. 2.7 trillion.
- The tourism industry debt moratorium was extended by nine months.
- Sri Lanka was removed from the UK's COVID-19 red travel list.
Economic Recovery in Europe, lecture
Lecture Economic Recovery in Europe by Inese Allika, Chief Economist, International Relations Division, Latvijas Banka
SlideShare ONS Economic Forum Slidepack - 12 June 2023
Welcome to the monthly economic forum. Here we will be showcasing the latest economic and social developments with a wide range of analytic topics. Each month we will feature ‘State of the Economy’, providing a stocktake of the latest trends and developments.
Economic Capsule - October 2021
The document is an economic capsule from the Central Bank of Sri Lanka that provides updates on banking, finance, and business in Sri Lanka. Some key points:
- Commercial Bank of Sri Lanka partnered with LankaClear to become the first bank to accept digital signatures, and linked import/export payments to LankaPay's digital platform.
- Sri Lanka's economy is projected to grow 3.3% in 2021 by the World Bank, amidst the ongoing pandemic.
- The Central Bank of Sri Lanka maintained policy interest rates at their current levels.
- The trade deficit expanded significantly in the first eight months of 2021 compared to 2020, as merchandise exports grew 22.6% and imports grew 30.7%.
-
OECD Digital Economy Outlook 2020: Key findings
The document discusses the OECD Digital Economy Outlook 2020 report which examines the state of the digital economy and the impact of COVID-19. Some key findings include: connectivity has improved but gaps remain, internet and technology use varies between individuals and businesses, and COVID-19 has accelerated digital adoption and highlighted the importance of technology. The report argues that digital strategies need to be broadened to better support economic recovery as the digital economy becomes more integral.
The Rise of Cloud in Europe from Bessemer Venture Partners
1) The document discusses the rise of cloud computing and technology startups in Europe. Venture capital investment in European tech startups has been trending upwards, with record amounts raised in 2019.
2) Europe is producing more $1 billion outcome companies and has a strong pipeline of "unicorns" (privately held startups valued over $1 billion). Many European decacorn companies (valued over $10 billion) are choosing to keep their headquarters in Europe.
3) The cloud market is growing rapidly and is on track to become the majority of the overall software market within the next 5 years. European cloud companies have seen their total market capitalization increase nearly 14x from 2016-2020.
Tender scout annual report for 2013
The value of the Irish public sector procurement market in 2013 was €12 Billion. It is the single biggest market opportunity for Small and Medium Enterprises (SMEs). TenderScout is a market intelligence company that helps SMEs win public sector tenders.
This report is based not just on interviews with SMEs and analysis of government policy, but critically a foren- sic assessment of the publically available procurement data.
The highlights of our analysis are presented in this re- port, which we hope will provide a forum for discussion and inform both buyer and suppliers as to the realities of what’s happening within public sector procurement.
By exposing some of the trends within public sector procurement, we hope to demystify the process for the many SMEs who at present do not see this as a viable option for their business. In doing so we aim to increase participation amongst SMEs and positively impact the health and vibrancy of the SME sector.
Economic Forum - 25 April 2022
The document summarizes the key points from an economic forum held by the Office for National Statistics on April 25th, 2022. It includes:
1) Presentations were given on the state of the UK economy, rising cost of living pressures, and their impacts. The economy has grown above pre-pandemic levels but some sectors are lagging. Inflation is at a 30-year high and impacting households and businesses.
2) Data shows cost of living increases reported by nearly 90% of adults in March 2022. Those in deprived areas face more difficulty paying bills and affording housing. Financial resilience is decreasing as savings rates fall.
3) The global economic outlook has worsened due
Job Market Summary of 80 countries - February 2022
The document summarizes labor market data from Career Angels covering 80 countries from February 2022. It provides insights from executives and HR directors. Some key findings are:
- Demand for candidates increased in Southern Europe in February 2022.
- 15 out of 28 European countries saw decreased unemployment levels since January 2021.
- The Netherlands saw the largest decrease in demand for candidates in February 2022.
ONS Economic Forum, 13 March 2023
This document summarizes an economic forum held by the Office for National Statistics (ONS). It includes the following:
- An agenda for presentations on the state of the UK economy, factors driving inflation, discretionary spending over winter, and a question and answer session.
- A presentation by the ONS Chief Economist giving an overview of the UK economy, noting that growth forecasts still point to a challenging 2023, with industrial action and higher economic inactivity as issues.
- A presentation by an ONS analyst discussing how both reopening of the economy (increasing demand) and supply bottlenecks have contributed to inflation in the UK since the pandemic, though these impacts are falling.
- A presentation
SlideShare ONS Economic Forum Slidepack - 17 July 2023.pptx
This document summarizes findings from the Office for National Statistics' Opinions and Lifestyle Survey regarding the impact of increased cost of living on adults in Great Britain from February to May 2023. Key findings include:
- 9 in 10 adults reported that the cost of living is an important issue facing UK society.
- Over this period, more adults reported making cuts to essential spending like food and utilities or falling behind on bills and payments compared to previous periods.
- Those already in vulnerable financial circumstances before the increased costs, including disabled people, families with children, and low-income households, continued to report the greatest impacts.
US and Asian investment in UK tech skyrockets
The UK tech sector has attracted more foreign capital investment in the fist seven months of 2019 than it did for the whole of 2018.
• $6.7 billion has been invested in UK tech companies in the first seven months of 2019
• More than half ($3.7B) of these investments have come from America and Asia
• UK tech has now overtaken the US for foreign investment, per capita
• The sector is averaging $1bn a month from both foreign and domestic investors
• The top 30 foreign-funded companies have created more than 5,000 UK jobs
• This talent is being celebrated in Tech Nation’s Bright Tech Futures Awards
Insurance, Politics, and Economics in a Post- Pandemic World
A comprehensive financial overview and outlook for property/casualty insurance industry and the economy in the post COVID-world.
Why the focus on Micro-credentials?
Micro-credentials are becoming increasingly popular due to demands from employers and students for flexible, affordable, and specialized learning opportunities. While some see micro-credentials as a fad, proponents argue they can support lifelong learning goals by providing credentials for individual skills and competencies. Recent studies show growing interest from employers in candidates who earn micro-credentials to supplement their formal degrees.
ABTA Travel Finance Conference
This document summarizes the key points from a travel finance conference in February 2021. It outlines the UK government's proposed roadmap for reopening domestic and international travel, including allowing overnight stays starting in April, resuming international travel in May, and lifting all restrictions by June. It also discusses evidence of pent-up travel demand, the uneven global vaccine rollout, the financial difficulties facing the travel industry, and the pain being felt throughout the travel sector supply chain.
ONS Economic Forum - 26 September 2022
These are the slides presented at the Economic Forum on 26 September 2022.
Presentations this month:
Energy spending by businesses
We present our analysis of businesses' energy spending from the Annual Business Survey 2019 and the Annual Purchases Survey 2018 and the resulting experimental measures of energy intensity. We present how energy intensity varies across and within industries, by energy type and firm size, and depending on the type of measure used.
Tightness in the labour market
We will be presenting analysis of various measures of labour market slack and the relationship between industry unemployment and vacancies.
19.6.2019, Παρουσίαση Γκ. Χαρδούβελη στο Συνέδριο "Η Ελλάδα Μετά ΙΙΙ: Η ανασύ...
19.6.2019, Παρουσίαση Γκ. Χαρδούβελη στο Συνέδριο "Η Ελλάδα Μετά ΙΙΙ: Η ανασύ...ekyklos Κύκλος Ιδεών για τη Εθνική Ανασυγκρότηση
Για τρίτη συνεχή χρονιά, ο Κύκλος ιδεών για την Εθνική Ανασυγκρότηση,
σε συνεργασία με τη Συμεών Γ. Τσομώκος Α.Ε., πραγματοποιούν το ετήσιο διήμερο συνέδριο H ΕΛΛΑΔΑ ΜΕΤΑ
στις 19 και 20 Ιουνίου 2019
στο ξενοδοχείο Divani Caravel.
Κεντρικό θέμα στο φετινό συνέδριο είναι: Η ανασύσταση της μεσαίας τάξης
Κύκλος ΙΙ: Οι επιπτώσεις της περιόδου 2009- 2019 στη μεσαία τάξη
https://ekyklos.gr/19-20-iouniou-ellada-meta-iii-i-anasystasi-tis-mesaias-taksis.html
ELECTRIFICATION OF AVIATION: HYPE OR GAME-CHANGER?
The document discusses advanced air mobility and whether it represents hype or a game changer. It notes that the industry experienced strong growth and funding from 2012 to 2021 but has since seen valuations plummet and funding decline sharply. This represents a typical hype cycle as the industry now separates promising projects from those that are less viable. For advanced air mobility to truly succeed, more funding is needed to focus on certification and overcoming technical challenges, while ensuring sustainability, customer experience, and use cases that can significantly reduce airline emissions like regional air mobility. Visionaries who can advance their technologies during this challenging period have the potential to emerge successfully on the other side.
Economic Capsule - April 2019
The document provides a summary of economic developments in Sri Lanka based on reports from the Asian Development Bank and Sri Lankan central bank. Key points include:
- Agriculture and industry are expected to grow gradually in 2019-2020 while services growth remains moderate. Private spending will be supported by government wage increases.
- Exports grew 7.3% in Jan-Feb 2019 led by textiles and garments. Imports fell 22.7% due to lower consumer goods and intermediate goods. The trade deficit shrank 41.2%.
- Brexit could impact Sri Lanka's garment exports to the UK if tariffs are imposed, but a UK-EU customs union may allow Sri Lanka to retain existing EU trade
GCF - Présentation Luxury, Fashion & Lifestyle - 1222_.pdf
The document discusses market trends in the luxury, fashion and lifestyle sector. It notes that the global luxury goods market is projected to grow from $257 billion in 2020 to $353 billion in 2025. Key drivers of growth include increasing demand in Asia and the Middle East, brands adapting to new technologies like AI and AR, and the growing market for sustainable fashion. The document also reviews M&A trends, noting that the sector attracted 284 deals in 2021, mainly in Europe and North America. Recent transactions and typical valuation multiples are also presented. Finally, the expertise of GEREJE Corporate Finance in advising clients in the luxury/lifestyle space is outlined.
Similar to ABTA Travel Matters June 2021 (20)
SlideShare ONS Economic Forum Slidepack - 12 June 2023
SlideShare ONS Economic Forum Slidepack - 12 June 2023
The Rise of Cloud in Europe from Bessemer Venture Partners
The Rise of Cloud in Europe from Bessemer Venture Partners
Job Market Summary of 80 countries - February 2022
Job Market Summary of 80 countries - February 2022
SlideShare ONS Economic Forum Slidepack - 17 July 2023.pptx
SlideShare ONS Economic Forum Slidepack - 17 July 2023.pptx
Insurance, Politics, and Economics in a Post- Pandemic World
Insurance, Politics, and Economics in a Post- Pandemic World
19.6.2019, Παρουσίαση Γκ. Χαρδούβελη στο Συνέδριο "Η Ελλάδα Μετά ΙΙΙ: Η ανασύ...
19.6.2019, Παρουσίαση Γκ. Χαρδούβελη στο Συνέδριο "Η Ελλάδα Μετά ΙΙΙ: Η ανασύ...
ELECTRIFICATION OF AVIATION: HYPE OR GAME-CHANGER?
ELECTRIFICATION OF AVIATION: HYPE OR GAME-CHANGER?
GCF - Présentation Luxury, Fashion & Lifestyle - 1222_.pdf
GCF - Présentation Luxury, Fashion & Lifestyle - 1222_.pdf
More from TTC
5 emerging opportunities for travel businesses
Friday 18 March was a major milestone for the UK travel industry.
All remaining international travel restrictions fell away, removing several severe headaches for travel companies and their holiday-starved customers.
As optimism continues to build, here are five opportunities you should watch out for.
5 considerations for working with travel agents
Travel agents can still be an effective distribution channel, providing access to customers seeking reassurance when planning complex or expensive trips. While travel agents require commissions of 8-12% and investments of time and resources, they provide access to qualified customers without heavy marketing costs. However, there are also risks like agents failing to pay, so travel companies need to protect themselves with monitoring, agreements, and financial protections.
5 KPIs is every travel business should be monitoring
Tracking key performance indicators (KPIs) such as customer acquisition cost, return on marketing spend, repeat booking rates, conversion rates, and net promoter score (NPS) can provide useful insights into a travel business's performance. These KPIs help evaluate marketing spend effectiveness, customer loyalty, website usability, and customer satisfaction. Regular benchmarking of KPIs against competitors allows businesses to optimize performance.
5 kp is every travel business should be monitoring
Tracking key performance indicators (KPIs) such as customer acquisition cost, return on marketing spend, repeat booking rates, conversion rates, and net promoter score (NPS) can provide useful insights into a travel business's performance. These KPIs help evaluate marketing spend effectiveness, customer loyalty, website usability, and customer satisfaction. Regular benchmarking of KPIs against competitors allows businesses to optimize performance.
Five KPIs to help your travel business thrive
This document discusses key performance indicators (KPIs) that can help travel businesses thrive, including:
1. Customer acquisition cost (CAC), which is calculated by dividing total marketing spend by the number of bookings to determine the cost per booking.
2. Return on marketing spend, calculated as a ratio of gross profit to marketing costs to ensure marketing spend is profitable.
3. Repeat booking rates, calculated by dividing repeat customers by total customers from the previous year to understand customer loyalty.
4. Conversion rates, calculated by dividing bookings by website visits, app visits, or calls to determine how effectively traffic is converted to sales.
5. Net promoter score (NPS), calculated from customer satisfaction survey
4 key learnings from the March ATOL renewals
The March 2021 ATOL renewal process presented many challenges for travel businesses. The number of ATOL holders fell significantly compared to pre-pandemic levels as many firms were unable to complete the renewal process in time. The CAA took a robust approach in assessing businesses and frequently required additional security or cash injections through new equity or loans. For smaller ATOL holders, the CAA included extensive post-balance sheet financial information in their assessments, which was difficult for many firms to obtain in a timely manner. Firms can no longer rely solely on the online self-assessment test due to the CAA's expanded review approach.
30.04.21 refund credit notes updated deadline
Refund Credit Notes (RCNs) offered against ATOL protected bookings cancelled due to the Covid-19 pandemic are financially protected. Consumers have three options for cancelled bookings: receive a full refund, amend the booking to a future date, or receive an RCN. RCNs must be redeemed for cash or a new booking by 30 September 2021 and contain specific information including the original booking reference and a statement of ATOL protection. ATOL holders must provide examples of RCNs to the CAA and pay an additional contribution for new ATOL bookings made using RCNs.
4 key learnings from the march ATOL renewals
The March 2021 ATOL renewal process presented many challenges for travel businesses. The number of ATOL holders fell significantly compared to pre-pandemic levels as many firms were unable to complete the renewal process in time. The CAA took a robust approach in assessing businesses and required additional security, cash injections, and detailed post-balance sheet financial information from small ATOL holders. The traditional self-assessment test was no longer reliable given the CAA's new approach of considering post-year end cash movements. Looking ahead, the September 2021 renewal was expected to be similarly challenging with increased focus on liquidity and client money segregation.
4 key learnings from the march atol renewals
The March 2021 ATOL renewal process presented many challenges for travel businesses. The number of ATOL holders fell significantly compared to pre-pandemic levels, with the total dropping nearly 15%. Renewals required robust financial assessments by the CAA, with many businesses asked to inject cash or provide additional security. For smaller ATOL holders, the CAA's assessments included examining post-year end cash flows in addition to annual financial statements. Looking ahead, the September 2021 renewals are expected to also be difficult, with continued focus on business liquidity and financial stability.
Analysing the travel landscape in 2021
The document summarizes UK travel restrictions for returning passengers from green, amber, and red list countries. Passengers returning from green countries do not need to quarantine but must take a COVID-19 test. Those returning from amber countries must self-isolate for 10 days and take two tests. For red list countries, passengers must quarantine in a hotel for 10 days and take two tests. The UK government will review the rules monthly and aims to reduce travel restrictions over time if vaccination rates increase and new variants and infections remain low.
Analysing the travel landscape in 2021
The document summarizes UK travel restrictions for returning passengers from green, amber, and red list countries. Passengers returning from green countries do not need to quarantine but must take a COVID-19 test. Those returning from amber countries must self-isolate for 10 days and take two tests. For red list countries, passengers must quarantine in a hotel for 10 days and take two tests. The UK government will review the rules monthly and aims to reduce travel restrictions over time if vaccination rates, case numbers, and variants of concern remain stable.
Refund Credit Notes
Refund Credit Notes (RCNs) offered against ATOL protected bookings cancelled due to the Covid-19 pandemic between March 10, 2020 and March 31, 2021 will provide financial protection to consumers. The Civil Aviation Authority (CAA) has provided guidance on RCNs, outlining that consumers have the right to a full cash refund and detailing eight key points including that RCNs must be redeemed for cash or a new booking by September 30, 2021 to maintain ATOL protection.
Refund Credit Notes
The document summarizes 8 key points from the UK Civil Aviation Authority's (CAA) guidance on Refund Credit Notes (RCNs) offered for cancelled ATOL-protected bookings due to the Covid-19 pandemic. Consumers have 3 options for cancelled bookings between March 10 and January 31, 2021: 1) Receive a full refund, 2) Amend the booking to a future date, or 3) Receive an ATOL-protected RCN. RCNs must be redeemed for cash or a new booking by September 30, 2021 and include specific information like the original booking reference and lead passenger name. ATOL holders must also email an RCN example to the CAA.
Refund Credit Notes
Refund Credit Notes (RCNs) offered against ATOL protected bookings cancelled due to the Covid-19 pandemic between March 10 and December 31, 2020 are financially protected. Consumers have three options for cancelled ATOL bookings - a full refund, rebooking to a future date, or receiving an ATOL protected RCN. RCNs must be redeemed for cash or a new booking by September 30, 2021 and include key details such as the original booking reference and lead passenger name. ATOL holders issuing RCNs should provide an example to the CAA.
Refund Credit Notes
Refund Credit Notes (RCNs) offered against ATOL protected bookings cancelled due to the Covid-19 pandemic are now financially protected until 31 December 2020. The CAA guidance outlines that consumers have three options for cancelled bookings between 10 March and 31 December 2020: 1) receive a full refund, 2) amend the original booking to a different date, or 3) receive an ATOL protected RCN. RCNs must be redeemed for cash or a new booking by 30 September 2021 and include specific information like the original booking reference and lead passenger name.
Observations from the September ATOL renewals
The September 2020 ATOL renewal process presented many challenges due to the Covid-19 pandemic. The Civil Aviation Authority (CAA) took a risk-focused approach, closely scrutinizing large ATOL holders with over £20 million in turnover through financial analysis and reforecasts. Companies with under £5 million turnover generally received swift renewals if their pre-Covid accounts passed financial tests. Liquidity and the ability to demonstrate adequate cash to client money ratios remained the CAA's primary concern, with few concessions given on required ratios. As a result of reduced travel insurance capacity, many companies struggled to obtain new bonds or other security mechanisms required for ATOL licensing.
Observations from the September ATOL renewals
The September 2020 ATOL renewals process presented many challenges for travel companies due to the Covid-19 pandemic. The UK Civil Aviation Authority (CAA) took a risk-focused approach in their assessments, subjecting large companies to rigorous reviews and financial analysis, while generally approving smaller companies if their pre-Covid financial accounts passed tests. Liquidity remained the CAA's key focus, with larger companies required to demonstrate adequate cash to customer funds ratios or provide additional funding. Some large companies were penalized for taking loans backed by government schemes that involved providing security. As a result of reduced bonding availability, trust accounts grew in prominence and some companies were required to implement them. The largest ATOL holders received restricted licenses requiring
Observations from the September ATOL renewals
The September 2020 ATOL renewals presented many Covid-19 related challenges. The CAA took a risk-focused approach, subjecting large ATOL holders to rigorous review while generally approving smaller holders. Liquidity remained a key focus, with larger companies required to demonstrate adequate cash reserves. Some large holders borrowing under government loan schemes were penalized, while bonding was difficult to obtain, forcing many companies to find other security. Restricted licenses were also imposed on the largest ATOL holders.
Observations from the September ATOL renewals
The September 2020 ATOL renewals presented many Covid-19 related challenges. The CAA took a risk-focused approach, subjecting large ATOL holders to rigorous review while generally approving smaller holders. Liquidity remained a key focus, with larger companies required to demonstrate adequate cash reserves. Some large holders borrowing under government loan schemes were penalized, while bonding was difficult to obtain, forcing many companies to find other security. Restricted licenses were given to the largest ATOL holders, who had to demonstrate adequate resources to continue operations in 2021.
8 Key points from the CAA's updated guidance on Refund Credit Notes
The document outlines 8 key points from the UK Civil Aviation Authority's (CAA) updated guidance on Refund Credit Notes offered for cancelled ATOL protected bookings due to COVID-19. Refund Credit Notes must be redeemed for cash or a new booking by 30 September 2021. They must include specific information such as the original booking reference and lead passenger name. Consumers must be made aware they can request a full cash refund if not accepting a Refund Credit Note.
More from TTC (20)
5 KPIs is every travel business should be monitoring
5 KPIs is every travel business should be monitoring
5 kp is every travel business should be monitoring
5 kp is every travel business should be monitoring
8 Key points from the CAA's updated guidance on Refund Credit Notes
8 Key points from the CAA's updated guidance on Refund Credit Notes
Recently uploaded
bangalore metro routes, stations, timings
Bangalore Metro, also known as Namma Metro, is a rapid transit system serving the city of Bangalore, Karnataka, India. It is the second longest operational metro network in India after the Delhi Metro.
Excursions in Tahiti Island Adventure
Our excursions in tahiti offer stunning lagoon tours, vibrant marine life encounters, and cultural experiences. We ensure unforgettable adventures amidst breathtaking landscapes and serene waters. For more information, mail us at tracey@uniquetahiti.com.
How Do I Plan a Kilimanjaro Climb? 7 Essential Tips Revealed.pdf
How do I plan a Kilimanjaro Climb?
Planning to climb Mount Kilimanjaro is an exciting yet detailed process. Here’s a step-by-step guide to help you prepare for this incredible adventure.
Golden Gate Bridge: Magnificent Architecture in San Francisco | CIO Women Mag...
The famous suspension bridge connects the city of San Francisco to Marin County in California. Golden Gate Bridge carries both U.S. Route 101 and California State Route 1 across the strait and is about one mile wide. In this article, we will explore the history and significance that have shaped the iconic monument it is known as today.
Explore Architectural Wonders and Vibrant Culture With Naples Tours
Discover the historical gems and vivid culture of Naples with our guided tours. From the vivid narrow streets of Spaccanapoli to the ancient ruins of Pompeii, the city offers a mixed bag of adventurous experiences. Book your tickets today https://www.naples.tours/ and experience the best of Naples!
定制(cardiff学位证书)英国卡迪夫大学毕业证本科学历原版一模一样
原版定制【微信:bwp0011】《(cardiff学位证书)英国卡迪夫大学毕业证本科学历》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
Discover the Magic of Ibiza An Unforgettable Boat Trip
Ibiza, situated in the Balearic Islands, stands out as a destination that encompasses everything: stunning landscapes, hidden gems to explore, a vibrant social scene, rich cultural life, and exceptional gastronomy. Opting for ‘Ibiza Rent A Boat’ to experience an unforgettable vacation on the White Island is certainly worthwhile, prompting a deeper exploration of the unique and fascinating aspects of Ibiza.
Inca Trail to Machu Picchu An Unforgettable Adventure
The Inca Trail to Machu Picchu is an unforgettable adventure, blending stunning natural beauty with rich history. Over four days, trekkers traverse diverse landscapes, from lush cloud forests to high mountain passes, encountering ancient Inca ruins along the way. Each step brings you closer to the awe-inspiring sight of Machu Picchu, revealed at sunrise from the Sun Gate. The journey is challenging but incredibly rewarding, offering a profound sense of accomplishment. With its combination of breathtaking scenery and cultural significance, the Inca Trail to Machu Picchu is a must-do for those seeking an extraordinary adventure in Peru.
How To Change A Name On American Airlines Ticket.pptx
You can easily change/correct a name on your flight ticket under the American Airlines name change policy. The airline provides multiple online and offline modes to place a name change request. To learn more about how to change a name on American Airlines ticket, you can directly approach the airline’s customer support. Moreover, you can connect with a flight expert at +1-866-738-0741 for quick assistance.
The Ultimate Travel Guide to Hawaii Island Hopping in 2024
island hopping in Hawaii. This magical place offers a number of experiences, as each island has its own charm. Do you love adventure? Then, hike through volcanoes or kayak along an amazing coastline. If you want relaxation, then Hawaii is perfect because it has the most amazing beaches. In this blog, I will help you make an itinerary for your Hawaii Island Hopping. Every island offers something special. The Big Island offers some of the most perfect volcanoes as well as stargazing. Maui will pamper you with beaches and luxury. Kauai has some of the most lush rainforests with dramatic cliffs, and Oahu can offer a taste of city life and historical significance.
Scuba diving in Andaman to explore vibrant marine life
Try scuba diving to witness Andaman's diverse marine life, including Reef Fish, Manta Rays, Dolphins, Sea Turtles, Starfish, and various colourful coral reefs. The topography of the Andaman Islands and its pleasant warm waters allow countless marine species to evolve and grow. Book a dive with us to discover Andaman's most underrated sea life.
When Should You Visit Puerto Rico's Bioluminescent Bay For The Best Viewing E...
When Should You Visit Puerto Rico's Bioluminescent Bay For The Best Viewing E...Caribbean Breeze Adventures
Experience the magic of bioluminescence at Puerto Rico's Bioluminescent Bay with our guide to optimal viewing. Plan your visit during the new moon phase for vibrant displays, and consider dry season from December to April. Book a guided tour, choose calm nights, and respect the environment for an unforgettable adventure.Un viaje a Buenos Aires y sus alrededores
A travelogue of my recent trip to Argentina, most to Buenos Aires, but including excursion to Iguazú waterfalls, Tigre, and Colonia del Sacramento in Uruguay
Sex and the City Tour: Discover NYC Like a Star
Discover the chic spots and hidden gems that made Sex and the City iconic with our Sex in the City Tour. From trendy cafes to luxurious boutiques, follow in the footsteps of your favorite characters and explore the city that never sleeps in true SATC style.
What Challenges Await Beginners in Snowshoeing
Discover the exhilarating world of snowshoeing through our presentation, highlighting the challenges faced by beginners. From physical exertion to technical finesse and braving harsh winter conditions, each step in the snow brings new obstacles and unforgettable adventures. Embrace the challenge and conquer the winter wonderland with confidence!
What Outdoor Adventures Await Young Adults in Montreal's Surrounding Nature
Experience Montreal's vibrant culture and thrilling outdoor adventures. From hiking scenic trails at Mont-Saint-Bruno to kayaking the Saint Lawrence River, there's something for every adventurous young adult. Explore street art, camp under the stars, and immerse yourself in nature's beauty just beyond the city's bustling streets.
Exploring the Majesty of Nepal: An Unforgettable Tour Experience
Beyond the mountains, a tour in Nepal reveals a vibrant tapestry of cultural heritage. The Kathmandu Valley, a UNESCO World Heritage Site, boasts an array of ancient temples, stupas, and palaces. Durbar Squares in Kathmandu, Bhaktapur, and Patan are treasure troves of medieval art and architecture.
5-Day Nathdwara Tour Itinerary: From Temples to Traditional Markets
Nathdwara is more than just a town; it’s a cultural and spiritual haven that offers a unique blend of history, art, and tradition.
How To Change Your Name On American Airlines Aadvantage.pptx
American Airlines permits passengers to change/correct names on their AAdvantage account. Also, you can request a name change both online via a web portal and offline over the phone. For further information on how to change your name on American Airlines Advantage, get in touch with the airline’s customer service. Also, you can reach out to a consolidation desk at +1-866-738-0741 for quick assistance.
Recently uploaded (20)
How Do I Plan a Kilimanjaro Climb? 7 Essential Tips Revealed.pdf
How Do I Plan a Kilimanjaro Climb? 7 Essential Tips Revealed.pdf
Golden Gate Bridge: Magnificent Architecture in San Francisco | CIO Women Mag...
Golden Gate Bridge: Magnificent Architecture in San Francisco | CIO Women Mag...
Explore Architectural Wonders and Vibrant Culture With Naples Tours
Explore Architectural Wonders and Vibrant Culture With Naples Tours
Discover the Magic of Ibiza An Unforgettable Boat Trip
Discover the Magic of Ibiza An Unforgettable Boat Trip
Inca Trail to Machu Picchu An Unforgettable Adventure
Inca Trail to Machu Picchu An Unforgettable Adventure
How To Change A Name On American Airlines Ticket.pptx
How To Change A Name On American Airlines Ticket.pptx
The Ultimate Travel Guide to Hawaii Island Hopping in 2024
The Ultimate Travel Guide to Hawaii Island Hopping in 2024
Scuba diving in Andaman to explore vibrant marine life
Scuba diving in Andaman to explore vibrant marine life
When Should You Visit Puerto Rico's Bioluminescent Bay For The Best Viewing E...
When Should You Visit Puerto Rico's Bioluminescent Bay For The Best Viewing E...
What Outdoor Adventures Await Young Adults in Montreal's Surrounding Nature
What Outdoor Adventures Await Young Adults in Montreal's Surrounding Nature
Exploring the Majesty of Nepal: An Unforgettable Tour Experience
Exploring the Majesty of Nepal: An Unforgettable Tour Experience
5-Day Nathdwara Tour Itinerary: From Temples to Traditional Markets
5-Day Nathdwara Tour Itinerary: From Temples to Traditional Markets
How To Change Your Name On American Airlines Aadvantage.pptx
How To Change Your Name On American Airlines Aadvantage.pptx
ABTA Travel Matters June 2021
- 1. ABTA Travel Matters Wind Down Workshop June 2021
- 2. Today’s presenters martin@thettc.co.uk Martin Alcock sarah@thettc.co.uk Sarah Winship simon@thettc.co.uk Simon Brodie jade@thettc.co.uk Jade Stutely
- 5. Consumer Fundamentals - Spending Source: Barclaycard spending report, 10 Jun 2021
- 6. Consumer Fundamentals - Unemployment Source: ONS employment stats, Jun 2021
- 7. The rise and fall of Portugal Source: Google Destination Insights Tool
- 8. …but ex-UK Travel search is still flat Source: Google Destination Insights Tool
- 9. …and UK is lagging behind the EU Source: Citibank research, Cirium, FlightAware
- 10. “Our updated base case is that 21.5m passengers are forecasted to travel through Heathrow in 2021, representing a 2.7% decline compared to 2020 but a dramatic 73.4% decline vs. 2019.” Source: Heathrow Airport investor announcement, June 2021
- 12. ATOL – Additional info
- 13. ATOL – new and improved
- 14. Consultation closes 31 July 2021 Consultation document can be found at: https://consultations.caa.co.uk/cmg/atol-reform/
- 15. IATA Changes
- 16. CHALLENGE #3 TRUST & ESCROW ACCOUNTS
- 17. Trust accounts – the basics Bank account A trustee Trust deed Beneficiaries
- 18. Typical ATOL trust working Trust a/c Current a/c Booking Supplier payment Departure Balance due Return 1 2 3 4 X Eg. £550 Credit/debit Credit/debit X X X E.g. £250 E.g. £750 E.g. £200 E.g. £200
- 19. Typical ATOL escrow working Current a/c Escrow a/c Weekly calculation of total aggregate of gross ATOL client money held: If Escrow a/c balance is less than 70%, company must top up the account to 70% If Escrow a/c balance is more than 70% trustee can release cash down to 70% Credit/debit
- 21. €1.8bn of loans and equity €400m convertible bonds £65 million equity and £75m banking facilities. > $4bn convertible bonds £1.2 bn bonds and £300m sale and leaseback £1bn from a range of funding sources Injection of growth capital from private equity firm Certares. Crowdfunding of £760k Much Better Adventures crowdfunding £1.3 million from 964 investors. Raised £1.2 m from high-net worth individuals and travel executives £4.25m refinancing £1.5m debt funding Injection of growth capital from Genairgy
- 22. Funding options Friends and family Crowdfunding platforms Existing customers Banks and other lenders High Net Worth and private investors Private equity Stock market listing