The travel sector is facing unprecedented times with regulatory and post-Brexit challenges, combined with disruption from new entrants with alternative business models. Fears consumers would reduce holiday spend post-Brexit have been squashed with many continuing to increase their travel spend. Only time will tell if consumer spending will hold up against an uncertain economic and political backdrop coupled with rising living costs.
From start-ups to long-established tour operators and travel agents looking to expand into new territories, we’re on hand to support you in achieving your goals.
How we’ve helped our clients
Our specialist team helps travel businesses across many areas, for example:
Supporting travel businesses
We aid businesses with the complex areas of Tour Operator Margin Scheme (“TOMS”) arrangements, transfer pricing reviews, Civil Aviation Authority (“CAA”) Accountants’ Reporting and ATOL renewal.
Putting your best foot forward
Our specialists can provide you with financial modelling, to increase your reporting capability, provide transparency for funding and operational purposes, financial due-diligence and salary sacrifice schemes.
We are able to assist you with navigating your Insurance Premium Tax (IPT) liabilities and we can also assist in reviewing the impact of the new Payment Service Directive (PSD2).
We are an ABTA partner and actively engage with the industry and members to support businesses with regulatory and industry changes.
We are members of the Institute of Travel & Tourism which is the professional membership body for individuals employed in the travel and tourism industry. We support the ITT’s dedication to developing and maintaining high professional standards throughout the industry. We regularly attend ITT events and conferences throughout the year.
Contact a member of our team today to discuss your strategic plans.