Travel Weekly covered the recent ABTA Travel Finance Conference where TTC Director, Adam Pennyfather discussed the importance of revising financial models.
Risk management for travel businesses
There can’t be many more risky sectors than international travel. Without careful planning and structuring, you may bear significant costs when issues arise. Let us help mitigate that risk.
Your ability to deliver amazing travel experiences can be affected by so much that is out of your control.
In recent years, pandemics, natural disasters, terrorism and supplier failures have caused widespread misery for travel companies and their customers.
Without careful planning and structuring, you could find yourself bearing significant costs when such issues arise. We regularly conduct risk assessments for travel businesses so are well-placed to help you mitigate risk.
Helping you manage your risk
We’ll help you come up with a plan to eliminate, minimise or manage them.
Giving you peace of mind while you focus on delivering those amazing travel experiences.
We can help you identify and quantify all kinds of risks in your business model, such as:
Legal and regulatory responsibility.
Supply chain risk.
Foreign currency exposure.
Exposure to VAT and other taxes.
What clients think of our strategy work
We’ve worked with a wide range of clients over the years, from household names to brand new start-ups.
Here are what some of them had to say about our strategic services.
"The TTC team were fantastic to work with, and they understood the travel industry as well as the challenges we were facing. Martin and Sarah shared some insightful analysis that, as a CEO, helped me to have confidence in the modelling and the decision I was making."
"We appointed TTC to assist with the regulatory aspects of carving Travelopia out of the TUI Group. Martin and his team worked closely with the senior management team throughout the very complex transaction process, providing advice and guidance on all licensing and bonding matters. TTC's in-depth knowledge of the ATOL, ABTA and IATA requirements and their previous travel sector transaction experience was invaluable in helping us conclude a successful sale to KKR."
"Knowing that the TTC team are finance experts who also have a deep understanding of the travel industry is the reason we have remained a client for so long. We are delighted with the day-to-day finance work and long-term strategic planning they have carried out for us."
TTC Director Simon Brodie recently spoke on TTG's Agenda 22 webinar. Find out more in this post.