What's on the horizon for travel businesses? 5 common pitfalls when renewing your ATOL and the latest Travel Fundamentals.
Travel Trade Consultancy | B Corp?
Supporting travel businesses through complex regulatory, financial and strategic challenges.
As we settle into 2025, the UK’s economic picture is a bit of a mixed bag. Inflation is easing, interest rates are starting to dip, but consumer confidence is not quite as upbeat. This cautious mood is playing out in travel too. Airlines are reporting steady but unspectacular demand, although cruise operators are sailing into record-breaking territory. This month’s Travel Fundamentals takes a closer look at the shifting landscape.
What else does this year hold for travel businesses? We don’t have a crystal ball, but our team has been gazing at the future finance, regulatory, and strategic trends on the road ahead. And if you’ve got an ATOL renewal on your to-do list, don’t miss our list of the five most common potholes - and how to avoid them.
Thinking about renewing your ATOL this March??If you haven’t started yet, now’s the perfect time to get the ball rolling. In this post, we’ll walk you through some of the most common mistakes people make when renewing, including:
1 - Underestimating the renewal process
2 - Delaying conversation with your ATOL Reporting Accountant
3 - Neglecting financial performance
4 - Overlooking changes made by the CAA
5 - Misjudging your licence requirements
Whether you’re approaching your renewal date or trying to stay ahead of the process, here are five common pitfalls to watch out for and tips on how to avoid them.
As we move further into 2025, the UK’s economic outlook is mixed. Inflation has eased to 2.5% and interest rates are starting to fall, but declining consumer confidence reflects growing caution. This sentiment is echoed in travel, where airlines report steady but unspectacular demand, although cruise operators are seeing record-breaking bookings. We take a look at recent company announcements from:
?? Ryanair | ?? Royal Caribbean | ?? easyJet | ?? Saga | ?? Wizz Air
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January flew by, and travellers are wasting no time planning their 2025 getaways. But what does the year ahead look like for the sector? Based on what our regulatory, strategy, and finance teams are seeing, we've uncovered these trends set to shape 2025:
Here's a sneak peek from our Group CFO Michael:
If you missed our latest TTC Insights Travelcast, don't worry you can catch up on all the action now.
On this hour-long webinar, TTC’s Martin Alcock, Simon Brodie, Michael Alcock and Sarah Winship talked about:
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.