By Paul Davies, Partner, OneTeam Chartered Accountants Ltd
The good news is that consumers’ desire to travel is strong – something you probably already know from your own clients. Tony Alexander (ex BNZ economist) released the results of his recent survey in his report on Thursday 18 February.
Kiwi travel businesses are doing a good job of adjusting to the ‘new normal’ of Covid-19, says Paul Davies, who founded Travel Accounting and a is now a partner at OneTeam Chartered Accountants.
Davies, a travel accounting specialist, says while Covid-19 has brought sudden and unanticipated challenges at a level never before experienced by the industry, businesses are drawing on
An accountant who specialises in the travel and tourism sector says the vast majority of his 70 plus travel agency clients will come through the other side of Covid-19 – bruised but not beaten.
Travel agents looking to survive through tough times with no fixed date of remedy are increasingly looking at putting their business into ‘hibernation’ and the various ways they can fund this.
Paul Davies, of Oneteam Chartered Accounts / TA Accounting, says agents are faced with making the tough decision between shutting down the business or keeping it in survival mode.
It is imperative travel agents get serious about planning now to deal with the business downturn caused by Covid-19 impact, says an accountant who specialises in the sector.