Organisations & Operators,

On the Beach Group has raised £26 million through the sale of new shares in the company.
The travel agent sold a total of 7,870,000 placing shares at a price of 330 pence each.
The figure represents around five per cent of the existing issued capital.
The price represents a discount of approximately five per cent to the closing share price of 348 pence per share yesterday.
Numis Securities and Peel Hunt acted as joint bookrunners for the placing.

On the Beach last month reported losses of £22 million for the first half of the year, as the company prepares to relaunch operations in September following the Covid-19 pandemic.

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UKHospitality has called for the government to “immediately review and amend” its test and trace guidelines on self-isolation.
The body argues the current rules are proving “massively disruptive” for hospitality businesses across the UK and leading to venue closures and reduced operating hours.
The current system forces already struggling hospitality businesses to shut their doors, and can result in whole teams needing to self-isolate.
The trade body also warned of the damage that any similar approach would wreak on wider society, triggering mass isolations.
Kate Nicholls, UKHospitality chief executive, said: “For some weeks we have been telling government about the severe staff shortages at venues, compounded massively by the absence of staff members who have been told to isolate despite not having shared shifts with colleagues who tested positive.ADVERTISEMENT“We need urgent clarification of isolation policy to reflect the enormous success of the vaccine roll out and we urge the Cabinet Office to amend the current isolation policy as soon as possible, and certainly ahead of the July 19th, to address the challenges of the current system.
“A sensible and pragmatic approach would be to extend the ‘test to remain’ system for vaccinated staff to hospitality.
“That would avoid businesses being forced to close, losing thousands of pounds of revenue at a time when cash reserves are low or non-existent following 16 months of closure and punitive trading restrictions.”
She added: “If the system remains as it is, there’s a threat of mass isolations, which would hugely damage trade, putting many companies at risk of failure.
“Hospitality is eager to trade its way back to prosperity, so ideally the government should act to ensure that vast swathes of the population are not unnecessarily confined to their homes due to rules formulated before the successful vaccine roll out.
“A strong focus on testing when cases are identified, rather than isolating fit and healthy people, would help to avoid mass isolations.”

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The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to the United Nations Conference on Trade & Development (UNCTAD).
The estimated loss has been caused by the pandemic’s direct impact on tourism and its ripple effect on other sectors closely linked to it.
The report, jointly presented with the UN World Tourism Organisation (UNWTO), says international tourism and its closely linked sectors suffered an estimated loss of $2.4 trillion in 2020 due to direct and indirect impacts of a steep drop in international tourist arrivals.
A similar loss may occur this year, the report warns, noting that the tourism sector’s recovery will largely depend on the uptake of Covid-19 vaccines globally.
“The world needs a global vaccination effort that will protect workers, mitigate adverse social effects and make strategic decisions regarding tourism, taking potential structural changes into account,” UNCTAD acting secretary-general, Isabelle Durant, said.ADVERTISEMENTWith Covid-19 vaccinations being more pronounced in some countries than others, the report says, tourism losses are reduced in most developed countries but worsened in developing countries.
Covid-19 vaccination rates are uneven across countries, ranging from below one per cent of the population in some countries to above 60 per cent in others.
According to the report, the asymmetric roll-out of vaccines magnifies the economic blow tourism has suffered in developing countries, as they could account for up to 60 per cent of the global GDP losses.
The tourism sector is expected to recover faster in countries with high vaccination rates, such as France, Germany, Switzerland, the United Kingdom and the United States, the report says.
But experts do not expect a return to pre-COVID-19 international tourist arrival levels until 2023 or later, according to UNWTO.
The main barriers are travel restrictions, slow containment of the virus, low traveller confidence and a poor economic environment.
UNWTO secretary-general, Zurab Pololikashvili, said: “Tourism is a lifeline for millions, and advancing vaccination to protect communities and support tourism’s safe restart is critical to the recovery of jobs and generation of much-needed resources, especially in developing countries, many of which are highly dependent on international tourism.”
A rebound in international tourism is expected in the second half of this year, but the UNCTAD report still shows a loss of between $1.7 trillion and $2.4 trillion in 2021, compared with 2019 levels.
The results are based on simulations that capture the effects of international tourism reduction only, not policies such as economic stimulus programmes that may soften the pandemic’s impact on the sector.

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NYC & Company has launched the first phase of “It’s Time for New York City,” the largest-ever, multi-phased global tourism marketing and advertising campaign from the body.
The $30 million tourism recovery campaign is being rolled out as restrictions are lifted, more people are vaccinated and as travel resumes in the United States and beyond.
The new investment is made possible through American Rescue Plan Act funds secured and awarded by United States senate majority leader, Charles Schumer, and mayor, Bill de Blasio.
The campaign will run in three phases and will include television, digital, outdoor media and partnerships.
The initiative reminds visitors of the unrivalled energy, excitement and the abundance of life, endless experiences and resiliency that make NYC the most iconic destination in the world. ADVERTISEMENTThe announcement comes as New York City expects to welcome 36 million visitors this year – still down by nearly half from the record 67 million visitors welcomed in 2019.
“The summer of NYC is here – and now it’s time to tell the whole world about how this city is building a recovery for all of us,” said de Blasio.
“Tourism impacts hundreds of thousands of jobs across the five boroughs, and its return will fuel our recovery even more.
“The greatest travel destination in the world is ready to welcome back visitors from around the region, country, and globe, and we can’t wait to greet them.”
The campaign will first target travellers in 23 markets across the United States, followed by Mexico, Canada and Latin America, with plans to expand farther internationally as other key markets reopen for leisure and business travel.
The multi-phased campaign will launch with a cooperative marketing and advertising partnership with AAA Northeast to boost regional travel this summer.
As part of the second phase of the campaign, a television and video spot will launch nationally in early July, asking American travellers to consider a trip.

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The travel sector is unwilling to be a “political orphan” any longer, ABTA chief executive, Mark Tanzer, has told an industry audience.
“Responsibility for outbound travel is spread across a number of government departments – and a single individual or department is needed to represent the interests of the sector,” he argued.
Tanzer was speaking at the Travel Matters conference earlier today.
Aviation minister, Robert Courts, had been due to appear at the event but pulled out at the last minute, a move Tanzer said was symptomatic of a wider disregard for the sector in government.
“We had hoped to have the minister for aviation join us here today, but unfortunately he has withdrawn because of a late diary clash.
“His absence today, necessary as I am sure it is, is nonetheless symbolic of a wide – in fact widening – gap between government and the outbound travel sector.”
He added: “When you look at how other countries have supported their sectors, we have not matched that level of support.
“We are way behind, and in many ways, we are the outliers in not having done this.
“We at ABTA have been making this case for months now and the urgency is increasing.
“The more of the summer season that is lost to travel restrictions, the more perilous the situation becomes.”ADVERTISEMENTTanzer explained 57 per cent of ABTA members said in February this year they only had cash for a further six months – “so jobs will be lost in the coming months,” he added.
ABTA has organised a Day of Action tomorrow in order to get this message across to the government.
“There is a bias against outbound travel in this country, with the government believing all money should be spent in the UK on domestic trips,” continued Tanzer.
“This is unfair, our members, who sell outbound trips from the UK, contribute a tremendous amount to the economy.”
He added: “The government has further damaged the immediate prospects for international travel by warning against leisure travel to amber list countries.
“This is despite having its own system of testing and quarantining on return, adding another major customer disincentive to the hurdles that are already in place.”
He concluded: “This is the darkest hour for the travel industry.
“Though it is said the darkest hour is just before dawn, we need to see the light soon.”

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WTTC warns losses will mount if travel reopening is delayed More

The UK will lose up to £639 million a day during July if international travel remains off limits, according to an open letter to the UK prime minister from the World Travel & Tourism Council (WTTC).
The global tourism body has written to Boris Johnson warning the UK faces a possible £20 billion loss if international travel is effectively delayed until August.
Up to 218,000 more jobs in the sector are also at serious risk of being lost, if no action is taken now, the WTTC added.
The letter to Johnson, signed by WTTC members including TUI, Silversea Cruises and the Travel Corporation, praised the progress made with the highly successful vaccine rollout, which the government should take advantage of, to allow the resumption of safe international travel and reactivate its economy.
Virginia Messina, WTTC senior vice president, said: “If international travel remains off limits for the whole of July, WTTC research has shown that every day, the UK would lose a staggering £639 million, severely delaying the economic recovery and competitiveness.ADVERTISEMENT“Stalling the resumption of international travel could cost the country dearly.
“We simply can’t afford any further delay – we are running out of time and money, with many more businesses in danger of going bankrupt, which would result in more jobs losses.
“However, there are steps that the government can take now so that by June 24th when the green list of travel destinations is updated, we can get travel safely moving again, bring certainty to a market begging for stability and help power the economic recovery.
“Only through these measures will the future be brighter for many and will we be able to achieve a long term, inclusive and sustainable recovery.
“The restoration of free cross-border mobility is essential to help drive the economic recovery from the pandemic.”
Image: Gonzalo Facello

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Analysis from ABTA estimates that 195,000 people working in the UK travel industry have either lost their job or are at risk of losing their job due to the Covid-19 crisis.
The association is reiterating its calls for the UK government to provide tailored financial support to struggling businesses, and to safely restart travel so that businesses can generate income this summer.
The sector employs more than 526,000 people across the UK in ordinary times, meaning that the livelihoods of more than a third (37 per cent) of people in the industry face being wiped out.
ABTA says the findings show the immense pressure the travel industry is under after almost 18 months of severe restrictions which have curtailed the ability to trade.
It is urging the government to deliver a package of tailored financial support to see the industry through to recovery, which includes extending existing furlough and self-employed income support, extending full business rates relief and creating a new sector-specific ‘recovery grants’ regime for travel agents, tour operators and travel management companies.ADVERTISEMENTThe association says it is particularly critical that support is extended given that employer furlough contributions are due to rise at the end of the month and business rates relief will be tapered.
With international travel still largely restricted, travel businesses will not have the money to cover these costs.
The government is expected to review the requirements for international travel on June 28th, and the industry is also awaiting the next review of the traffic light list.
ABTA says the traffic light system, launched last month to deliver a safe, meaningful, risk-based restart to international travel, has been a false start, which has further dented consumer confidence at a critical time.
The system is not operating as intended, with overseas travel barely open, and as a result, the industry is on the precipice of losing a second peak summer season – crucial months which represents two-thirds of travel companies’ income.
Mark Tanzer, ABTA chief executive, said: “Travel businesses feel completely abandoned by the government, which has consistently failed to provide adequate support for an industry which has borne the brunt of the economic fallout from the pandemic. 
“People have worked tirelessly through the pandemic trying to stay afloat, taking on extra jobs, having to make long-standing, valued staff redundant, worrying about mounting debts.
“While we can clearly see the financial toll with jobs and businesses lost, the emotional toll of this ongoing battle, which still has no discernible end in sight, cannot be underestimated.”
The travel industry has taken the biggest economic hit of all sectors impacted by the pandemic, with Office of National Statistics figures showing revenues for travel agents and tour operators have been consistently down between 86-90 per cent each month since February 2020.
Despite this evidence, travel businesses are yet to receive any sector specific support from the UK government and have had limited access to more general grant support measures.
Image: Anete Lūsiņa/Unsplash

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Fewer than one in 100 travel insurance policies provide ‘complete’ cover for Covid-19 disruption, a Which? analysis of more than 250 policies has revealed.
While some travel insurers boast of offering impressive-sounding ‘Covid-19 cover’, the consumer rights body found that this means different things for different providers.
Which? found that many policies exclude plausible – and often expensive – scenarios, such as new lockdowns in the UK or destination country.
The organisation looked at 263 travel insurance policies’ Covid-19 cover and gave them ratings ranging from ‘basic,’ to ‘low,’ ‘superior’ and ‘complete’.
Just two policies, HSBC Select and Cover and Barclays Travel Pack, were rated as ‘complete’, which meant that they protected travellers against:

Cancellation due to changes in advice from the Foreign, Commonwealth & Development Office (FCDO) or government lockdowns prohibiting travel.
Testing positive for Covid or being told to self-isolate.
Medical costs and repatriation.

Both of these policies are available to customers of these banks and can only be bought alongside other insurance products.
A further 85 policies were ranked ‘superior’, providing cancellation cover for travellers having to self-isolate without a positive test, but not for FCDO advice changing.
Policies with ‘superior’ Covid-19 cover included those from popular providers such as AA, AXA and Staysure.
Just over half of the policies (142) were ranked ‘low’, including policies from Nationwide, Admiral and the Post Office. ADVERTISEMENTThis means that they offer some cancellation cover – but that does not go as far as covering travellers for cancelling in the event of needing to self-isolate without having a positive Covid-19 test result. 
There were 34 policies ranked ‘basic’, the lowest ranking.
Such policies provide travellers with cover for Covid-19-related emergency medical costs and repatriation, but not for cancelling a trip if a traveller contracts Covid-19.
Among well-known providers offering some ‘basic’ policies were Direct Travel, esure and Sheilas’ Wheels.
Every policy analysed offered cover for medical and repatriation costs for travellers that had caught Covid-19 while travelling.
Which? is calling for the government to work with regulators, such as the Financial Conduct Authority (FCA), to make every effort to ensure all travellers adequately understand their travel insurance cover and can access cover that protects them against sudden changes to travel restrictions when they would otherwise struggle to get their money back.
It should also be giving as much notice as possible if rules change.
Travel and insurance providers should be giving travellers clear information about their policies, including those relevant to cancelled flights, changes in travel advice and refunds, and clearly highlighting the policies’ limitations.
The FCA should monitor how well insurers are presenting this information.
Gareth Shaw, head of Which? Money, said: “As the removal of Portugal from the green list shows, last-minute disruption to holiday plans can happen – and our research shows that many travel insurers don’t offer much protection if it does.
“The government should work with regulators to ensure that travellers, should they choose to go abroad, are given clear information about what they will and won’t be covered for – and make sure that providers don’t make bold and confusing claims about their cover without being clear about the limitations. ”

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