According to a new report from the Advantage Travel Partnership, 61 percent of travel agents will run out of money later this year.
The travel agency consortium released the results after Britain launched a second blockade effectively banning overseas and outback travel.
The results are clear about how difficult this situation is for the travel agency business and the broader prospects for the tourism industry.
If the general travel ban, quarantine measures and lack of testing persist, another 27% will run out of money in the first half of next year, and 88% of agencies will run out of money before June.
That means – in a somewhat hypothetical situation, only 12 percent of travel agents will be working next summer.
Julia Lo Bue-Said, CEO of the Advantage Travel Partnership, said, “When will the government wake up and see the industry crumble before them?
“These results are very worrying, but unfortunately they lead to many companies in the tourism industry.
“We need a strategy to get out of our government and show how we’re going to move forward.
“Hospitality and retail must ensure they are protected against Covid-19 when it reopens this summer, and travel needs the same thing – we have to have a stable testing system and cut quarantine time to give us time.” chance to survive this crisis. “