Markets By TradingView
5629
0

The Travel Industry In The UK Have Reached A Critical Point

The troubles of the travel industry in the UK have reached a 'critical point'. Companies in this sector are desperately waiting for state support.

The Travel Industry In The UK Have Reached A Critical Point
Yazar: Tom Roberts

Yayınlanma: 25 Ağustos 2020 22:55

Güncellenme: 19 Mayıs 2024 22:35

The Travel Industry In The UK Have Reached A Critical Point

The troubles of the travel industry in the UK have reached a 'critical point'. According to the news in the BBC, companies in this sector are desperately waiting for state support. The Travel Association (ABTA) has already announced that 39,000 people have lost their jobs in the travel industry. It was noted that 65 percent of companies hired personnel or started planning in this direction. ABTA warned that many more people in the travel industry will lose their jobs if a new program for short-time work allowance is not announced.

The Effect Will Be Destructive When The Salary Support Program Is Ended

“The government's lifting of travel restrictions did not have the expected impact,” ABTA CEO Mark Tenzer said in a statement. "Unfortunately, businesses continue to suffer and alarming number of workers are being fired. The heavy booking period ends, and at the same time, the government's salary support program is coming to an end. This situation will be devastating for the livelihood of many people.” Tenzer said, “Many companies could not reopen their doors. We have seen that well-known, respected companies fall under the management of trustees. Many more firms could declare bankruptcy. We desperately need government support, ”he continued. STA Travel, which organizes long-distance travel tours especially for young people and students, announced that it stopped its activities on Friday. This move put 500 people in danger of losing their jobs. Previously, Hays Travel had decided to separate routes with 900 staff due to canceled reservations. Britain's largest tour operator Tui, on the other hand, announced that it will cut 8,000 workers globally in May and close 166 agencies in the UK and Ireland in July.

In The Second Quarantine, 96 Percent Of The Sector Could Be Bankrupt

ABTA wrote to Finance Minister Rishi Sunak for the implementation of a package of measures specifically targeting the travel industry. ABTA suggested that if quarantine is applied for the second time due to the epidemic, 96 percent of the sector will face the danger of bankruptcy. With a decision taken last week, the British Government updated the list of countries it deemed risky. Accordingly, 11 more countries, including France, the Netherlands, Monaco, Austria and Malta, were declared as 'not a safe place for the epidemic'. Those who go to the countries on this list have to go under quarantine for 14 days after returning to England.
En Popüler Haberler

Yorum Yap

Yazılan yorumlar hiçbir şekilde Son Ekonomi Haberleri - Türkiye Dünya - ieconomy.io görüş ve düşüncelerini yansıtmamaktadır. Yorumlar, yazan kişiyi bağlayıcı niteliktedir.

Yorumlar

Henüz yorum yapan yok! İlk yorumu siz yapın...

Borsa, Kripto, Hisse, Emtia ve Döviz Haberleri

ieconomy: Türkiye'nin en kapsamlı ekonomi haber sitesi. Son dakika haberleri ve en güncel haberler ieconomy'da.