For many travel businesses, chasing clients for payments is not a happy experience. Slow-paying customers and “book now, pay later” offerings can negatively influence business cash flow, creating and compounding operational problems. No matter how profitable your business is, payment delays can soon lead to prolonged difficulties. The industry has significantly extended periods between consumer …
Times of crisis and rapid social change often bring new business models, opportunities and ways services are delivered. The pandemic was such a moment, forcing businesses to re-evaluate how they worked and to find new ways of operating that reduced risk but enabled them to maintain their service. The restaurant and hospitality industry were profoundly …
What is the fast-casual sector and why is it growing? Read More »
The last few years have been challenging for the travel and tourism industry. To exacerbate matters, a UK government VAT holiday for travel and tourism businesses has ended as the industry emerges from the pandemic. Across the travel industry, the VAT (Value Added Tax) rules are constantly changing and complex. For business owners, your VAT …
The talent wars. Staff retention concerns. The Great Resignation. It is fair to say that every industry has seen its workforce hit by COVID-19. In particular, the travel industry must look at ways to entice staff back and attract the next generation of travel consultants. With staff levels less than before the pandemic, many travel …
