Now is the time for agents to reconsider whether they are an agency or a consultancy business.
Air New Zealand announced last week that point-of-sale commission levels are reducing from 5% to 1% for long haul routes and 3% to 0% for short haul routes. This will have an immediate effect on travel agents’ and consultants’ business income. Now you have no choice but to take control of your own business profits.
By Manoj Vagh, Partner, OneTeam Chartered Accountants
We have just completed the six-month TAANZ bonding results for our 70 plus travel clients.
The travel business results are much better than most of our other clients who have been affected by Covid. Our travel clients were profitable or at break even for the six months ended April to September 2021.