September 2024: Unlocking value in your travel business, company announcements and more.
Travel Trade Consultancy | B Corp?
Supporting travel businesses through complex regulatory, financial and strategic challenges.
As the summer season draws to a close, there's always a back-to-school vibe in the air this time of year as things settle back to "normality". First thing on the timetable for many travel companies is their September licence and bond renewal. In fact, our team are?so busy with renewals, they could really use a holiday.
In this month's travel fundamentals, we catch up with what's been happening, trading and economy-wise, over the summer period. We also share what we've been doing to support the travel industry's climate action efforts
As always, we hope you find it useful.
August brought a boost in spending. Booking levels continue to break records, with a strong lates market leading the charge. Interestingly, we’re also seeing customers plan further ahead, with many already locking in prices for Summer 2025. In our latest Travel Fundamentals, we look at industry data and share our own insights into how successful trading has been for travel businesses over the summer.
Over the past few weeks, we’ve seen Listed travel companies share their latest trading results. Jet2.com, TUI, Airbnb and Trip.com have all reported robust growth
In this post, we've pulled out a few highlights summarising the current trading environment.
When guiding our clients through strategic planning, we rely on our straightforward yet powerful tool: the 5 Gs?framework. In this post, we share the approach, along with guidance on crafting a successful strategic plan.
Our top three tips when working through the five Gs are:
1. Be ambitious but realistic?when goal setting
2. Eat the elephant in bite-sized chunks.
3. Bring your stakeholders with you.
If you loved this content, you can find a whole lot more over on our news & insights page.
About Travel Trade Consultancy
We’ve spent years helping travel companies do their best work. Some of the biggest travel businesses in the world trust us to solve their regulatory, strategic or financial problems.
We’ve helped travel start-ups launch, tour operators improve operations, and airlines get off the ground.
Plus, our 44 years spent working for the UK travel regulator, the Civil Aviation Authority, means we bring a unique perspective to the table along with our know-how.
If you think we might be able to help your travel business, reach out to us at [email protected] - we'd love to chat.