Analysing the travel landscape in 2021
•Download as PPTX, PDF•
0 likes•70 views
Analysing the travel landscape in 2021
Recommended
Recommended
More Related Content
Similar to Analysing the travel landscape in 2021
Similar to Analysing the travel landscape in 2021 (20)
More from TTC
More from TTC (20)
Recently uploaded
Recently uploaded (19)
Analysing the travel landscape in 2021
- 2. On returning to the UK Green Amber Red Passenger locator form Yes Yes Yes Pre-departure test Yes Yes Yes Managed quarantine at hotel No No 10 days Self-isolation No 10 days N/A Test to release N/A On day 5 No PCR test On or before day 2 On or before day 2 On or before day 2 Further PCR test No Day 8 Day 8 The Green watchlist A list of countries most at risk of moving from green to amber
- 3. Short term timetable 17 May 31 July 1 October Before 17th May • Confirm International Travel opening date of 17th • Publish Green, Amber and Red country lists • Publish Tourism Recovery Plan • Publish COVID 19 Passenger Charter 28 June Government review rules in the light of: • Vaccine roll-out success • Hospitalisations and deaths still reducing • No surge in infection rates • No new Variants of Concern Zap for more insights
- 4. Questions to be answered - Which countries will be on which list? Vaccination rate Prevalence of Variants of Concern Genomic sequencing capabilities Infection rate Zap for more insights
- 5. Questions to be answered - Can price of testing be reduced? Source: Which Report, March 2021
- 6. Questions to be answered - What role will “Digitisation” play Enable residents to prove their COVID-19 status for tests and, if necessary, vaccines for outbound travel to a third country. Continued international engagement to develop a seamless future travel system based on global standards, and secure interoperable digital solutions for vaccine and testing certification We will play a leading role in development of international standards around a digital travel certification system that can enable travellers to evidence their COVID-19 status to demonstrate they meet public health entry requirements The NHS is developing a digital and non-digital solution for individuals to demonstrate COVID-19 status Zap for more insights
- 7. Questions to be answered - What will The COVID 19 Passenger Charter cover? • “Clarity to consumers will be cemented through a new COVID-19 passenger charter” • “….clearly sets out consumer rights and responsibilities when booking travel while COVID-19 measures remain in place.” • “We will also outline these rights and responsibilities to the travel industry.” • “We expect the industry to be flexible in recognition of the impact the pandemic has on consumers’ bookings” Zap for more insights
- 8. Safe Sustainable Robust Zap for more insights
- 9. Consumer confidence growing - Fastest growth amongst oldest and youngest Zap for more insights
- 10. Mass unemployment has been avoided* Zap for more insights % * So far
- 11. Households have money to spend 0.0 5.0 10.0 15.0 20.0 25.0 30.0 1963 Q1 1964 Q1 1965 Q1 1966 Q1 1967 Q1 1968 Q1 1969 Q1 1970 Q1 1971 Q1 1972 Q1 1973 Q1 1974 Q1 1975 Q1 1976 Q1 1977 Q1 1978 Q1 1979 Q1 1980 Q1 1981 Q1 1982 Q1 1983 Q1 1984 Q1 1985 Q1 1986 Q1 1987 Q1 1988 Q1 1989 Q1 1990 Q1 1991 Q1 1992 Q1 1993 Q1 1994 Q1 1995 Q1 1996 Q1 1997 Q1 1998 Q1 1999 Q1 2000 Q1 2001 Q1 2002 Q1 2003 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 Source: ONS Household Savings Ratio Mar 2021 Zap for more insights
- 13. Spending intentions in the next 12 months Source: PwC Consumer Sentiment Index, March 2021 Zap for more insights
- 14. of those surveyed who travelled abroad for leisure in 2019 feel comfortable going on a leisure trip abroad between June-September 2021 51% 54% of 2019 international leisure travellers surveyed say they would be likely to travel if there were no restrictions in either the UK or abroad Source: DfT/ Ipsos MORI Travel Survey, March 2021 Zap for more insights
- 15. Long awaited industry rallying cry “I’m not advising people Rt Hon Grant Shapps 9 April 2021 not to book to go away” Zap for more insights
- 16. 28% of 2019 international leisure travellers surveyed say they would be likely to travel abroad if they had to quarantine in their own home for 10 days on arrival to the UK of UK adults surveyed agree that they will only travel abroad when they feel totally confident that the restrictions won’t change 68% Source: DfT/ Ipsos MORI Travel Survey, March 2021 Zap for more insights
- 17. In 2021, IATA predict total flights will be Of 2019 levels 47%
- 18. Polarisation of bookings Stuff in the middle Last minute bookings Long term planning Zap for more insights
- 19. Cash cycle: Pre-pandemic 2 months 2 months Card payments on standard 3 day settlement Book Depart Final balance Return Zap for more insights
- 20. Cash cycle: Now <1 month 1 month Card payment settlement extended Depart Return Final balance Book Zap for more insights
- 21. The squeeze on liquidity Later booking profile Deteriorating card settlement terms Commercial pressure to collect balances later But also… Refund claims Final balance delinquencies Security and collateral for regulators, insurers etc Servicing debts Supply chain defaults Zap for more insights
- 23. THE TRAVEL TRADE CONSULTANCY www.thettc.co.uk Thanks for watching! Zap for more insights Martin Alcock