A brand new report from the Benefit Journey Partnership has discovered that 61 per cent of journey brokers will run out of money by the tip of this 12 months.
The journey agent consortium launched the findings because the UK enters a second lockdown, which successfully prohibits abroad and home journey.
The outcomes present the stark actuality of how determined the scenario is for journey brokers’ companies and the awful outlook for the broader journey business.
If blanket journey bans, quarantine measures and lack of testing continues, an extra 27 per cent will run out of money within the first half of subsequent 12 months, leading to 88 per cent of brokers working out of money earlier than June.
This implies – in a reasonably hypothetical scenario that there’ll solely be 12 per cent of journey brokers nonetheless in enterprise subsequent summer time.
Julia Lo Bue-Mentioned, chief government on the Benefit Journey Partnership stated: “When will the federal government get up and see that an business is collapsing in entrance of them?
“These outcomes are deeply regarding, however sadly are indicative of many companies all through the journey business.
“We’d like an exit technique from our authorities to stipulate how we’re going to transfer forwards.
“Hospitality and retail had to make sure they had been Covid-19 safe once they reopened in the summertime, and journey wants its personal equal – we will need to have a sturdy testing system in place and quarantine intervals lowered to provide us any probability of surviving this disaster.”