ABTA Travel Matters
?Download as PPTX, PDF?
0 likes?190 views
This document summarizes a travel industry workshop hosted by ABTA. It discusses challenges related to visibility as consumer spending and unemployment trends change. It also reviews travel search trends to Portugal and within the UK and EU. Additional sections discuss challenges around stakeholder management with updates to ATOL and IATA changes. Further challenges involve trust and escrow accounts, and options for raising finance like crowdfunding, private equity, and stock listings. The document lists presenters from The Travel Trade Consultancy and provides their contact information.
ABTA Travel Matters
- 1. ABTA TRAVEL MATTERS WIND DOWN WORKSHOP June 2021
- 2. martin@thettc.co.uk Martin Alcock sarah@thettc.co.uk Sarah Winship simon@thettc.co.uk Simon Brodie jade@thettc.co.uk Jade Stutely TODAYS PRESENTERS
- 5. Source: Barclaycard spending report, 10 Jun 2021 CONSUMER FUNDAMENTALS - SPENDING
- 6. CONSUMER FUNDAMENTALS - UNEMPLOYMENT Source: ONS employment stats, Jun 2021
- 7. THE RISE AND FALL OF PORTUGAL Source: Google Destination Insights Tool
- 8. BUT EX-UK TRAVEL SEARCH IS STILL FLAT Source: Google Destination Insights Tool
- 9. AND UK IS LAGGING BEHIND THE EU Source: Citibank research, Cirium, FlightAware
- 10. Our updated base case is that 21.5m passengers are forecasted to travel through Heathrow in 2021, representing a 2.7% decline compared to 2020 but a dramatic 73.4% decline vs. 2019. Source: Heathrow Airport investor announcement, June 2021
- 12. ATOL C ADDITIONAL INFO
- 13. ATOL C NEW AND IMPROVED
- 14. Consultation closes 31 July 2021 Consultation document can be found at: https://consultations.caa.co.uk/cmg/atol-reform/
- 15. IATA CHANGES
- 16. CHALLENGE #3 TRUST & ESCROW ACCOUNTS
- 17. Trust accounts - the basics Bank account A trustee Trust deed Beneficiaries
- 18. Trust a/c Typical ATOL trust working Booking Supplier payment Departure Balance due Eg. ?250 Credit/debit X Credit/debit X Eg. ?750 Return Current a/c Eg. ?200 Eg. ?200 X Eg. ?550 X Eg. ?800 1 2 3 4
- 19. Escrow a/c Typical ATOL escrow working Current a/c Credit/debit Weekly calculation of total aggregate of gross ATOL client money held: If Escrow a/c balance is more than 70% trustee can release cash down to 70% If Escrow a/c balance is less than 70%, company must top up the account to 70%
- 21. 1.8bn of loans and equity 400m convertible bonds ?65 million equity and ?75m banking facilities. > $4bn convertible bonds ?1.2 bn bonds and ?300m sale and leaseback ?1bn from a range of funding sources Injection of growth capital from private equity firm Certares. Crowdfunding of ?760k Much Better Adventures crowdfunding ?1.3 million from 964 investors. Raised ?1.2 m from high-net worth individuals and travel executives ?4.25m refinancing ?1.5m debt funding Injection of growth capital from Genairgy
- 22. FUNDING OPTIONS Friends and family Crowdfunding platforms Existing customers Banks and other lenders High Net Worth and private investors Private equity Stock market listing
- 23. martin@thettc.co.uk Martin Alcock sarah@thettc.co.uk Sarah Winship simon@thettc.co.uk Simon Brodie jade@thettc.co.uk Jade Stutely TODAYS PRESENTERS www.thettc.co.uk
- 24. THE TRAVEL TRADE CONSULTANCY www.thettc.co.uk