TTG – Travel industry news

Despite this, the decade ended with fresh demand for the bonding of UK tour operators following the collapse of Wright’s Holidays, which saw a draw on Abta’s common fund of £400,000 in today’s money – nearly half its war chest.

The move resulted in Abta’s man in parliament, MP Kenneth Lewis, seeking compulsory powers from the Air Transport Licensing Board to oversee operators’ financial standing.


Meanwhile, the abolition of retail price maintenance rules on some foreign holidays meant, for example, winter packages to Majorca could be marketed at £32 and eight shillings – £17 below the lowest available scheduled air fare – while Kuoni was now allowed to market 14-day Kenya beach and safari tours for £150 (£2,192 today).


What did it all mean?


As TTG reported extensively, the travel industry in the 1960s was characterised by rapid growth and technological advances including jet aircraft that began to make mass travel affordable.

Like any immature industry, there were casualties among its players that saw travel leaders and politicians begin to voice concerns about consumers being at risk of losing their money.

Firstly, there was the question of the long gap between paying for a holiday and taking it – back then, there was no guarantee customers would be refunded if the operator went bust.

Then there was the issue of who paid for repatriation of clients abroad. It was initially Abta that stepped in with its own solution, one that was not popular because it meant that without an Abta membership, trading was very difficult.

As the 1960s ended, the government showed a growing realisation of the threat of operators taking large amounts of money months before they delivered travel arrangements to the consumer and began to explore the idea of the Atol system we recognise today via the creation

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Here’s How To Set Your Brand Apart For Consumers

Sergio Alvarez is a performance marketing expert, digital attribution leader and CEO and founder of Ai Media Group.

The travel industry has taken major hits in the last few years. What was once a thriving and robust global industry was shut down when the pandemic hit. Over time, as restrictions eased, we saw the industry start to crawl again, then stand up and walk. Today, travel seems ready to set into a full gallop, but the question remains: Is your travel business ready for this?

For the first time in decades, we might see demand start to outstrip supply in tourism and travel, and the businesses that win the most bookings will be those that set themselves apart from the pack.

Don’t Discount The Virus Just Yet

Although another major lockdown in response to Covid-19 is unlikely, the travel industry would be remiss to forget the impact that the pandemic had on the general public. Many travelers are now far more aware of the risk of transmissible illnesses while traveling, and companies that take precautions will endear themselves to a large number of customers. Although airlines, cruise liners and hotels don’t need to go as far as making the travel experience restrictive, travelers will appreciate enhanced cleaning protocols or improved HVAC systems to make them feel safer while using your travel service.

Many travelers had deeply unpleasant experiences when the pandemic hit. Some were stuck on trips and unable to get home, and others lost money on deposits for trips that were forced to be canceled. The travel industry can help build a sense of trust in its customers by focusing on new protocols to prevent this from happening again.

Personalization Is Key

Travel is a long-term experiences/” data-ga-track=”ExternalLink:” aria-label=”feel-good experience”feel-good experience. Although purchasing

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When It Comes to Hotels, Make Some Room Available in Your Portfolio

The leisure and hospitality industry generated an average of 79,000 jobs per month last year. That represents a sharp drop from 2021, when the industry created an average of 196,000 jobs per month.

What does 2023 hold for this sector? Since interest rates are expected to rise, and many economists are calling for a recession, we could see contraction in the hospitality industry.

That’s a logical viewpoint, but the charts of several stocks in this sector are telling a different story. Let’s go to the charts to see which hotel stocks are on the rise.

Hyatt Hospitality

Shares of Hyatt Hotels (H) reached their highest level on Wednesday since February of last year. Over the past three weeks, shares of the hospitality giant have gained 20%.

Hyatt is rising within a bull channel (parallel lines), and is within shouting distance of its all-time closing high of $106.58, set in February (point A).

Charts Via TradeStation

As much as I like this stock, I believe a pullback is likely prior to a move higher. Hyatt is near the top of its channel, and volume has faded in recent days (shaded yellow).

Because of this, I’d consider a partial entry at current prices. Then, investors can add to the position if the stock pulls back to the center of the channel (blue dotted line), which is currently near $100.

Checking Into Intercontinental Hotels 

Intercontinental Hotels (IHG) is roaring higher after forming a bullish cup-and-handle pattern (curved lines). Shares of the hotelier have climbed 22% over the past three weeks, and a whopping 49% since mid-September.

Charts Via TradeStation

The bad news is that this stock is rallying into a thicket of resistance (black dotted lines), stretching from the area between $71 and $75. Volume has dropped off

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