Restrictions on travel, introduced in response to the Covid-19 pandemic, are slowly being eased, allowing tourism to restart in a growing number of destinations. The latest research by the World Tourism Organisation (UNWTO) shows that 22% of all destinations worldwide (48 destinations) have started to ease restrictions, with Europe leading the way. At the same […]
A recent study performed by global events industry leader Evendo reveals a significant decline in customer demand for “traditional” event offerings – typically events, where groups of people are together in confined spaces indoors or outdoors. Although the market is expected to somewhat recover, the current outlook for 2020 is chilling compared to 2019. “As […]
A Walsall based travel firm that has lost thousands of holiday bookings because of the COVID-19 pandemic has safeguarded its future and is continuing to support its customers, after securing £800,000 Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank. Parrys International Tours, which operates a wide range of luxury coach holidays, faced unprecedented circumstances […]
Flywire, a high-growth vertical payments company, today released new research that reveals very strong consumer demand for travel post coronavirus crisis. The interactive report, Bouncing Back: Consumer Views on Traveling Again, is based on an independent survey of adult leisure travelers from the United States, Canada, United Kingdom and Japan. The research looks at the […]
Middlesbrough-based games developer SockMonkey Studios has secured a £250,000 investment from the Northern Powerhouse Investment Fund (NPIF) to fund the launch of its first original game. SockMonkey was founded in 2013 by Darren Cuthbert and Bob Makin, who were later joined by Darren Falcus. With over 35 years’ experience in the industry, Falcus co-founded Optimus […]
A North East trust based at the UNESCO World Heritage site of Hadrian’s Wall has secured its future and potential new historic discoveries across two Roman sites, thanks to support from Lloyds Bank. Northumberland-based Vindolanda Charitable Trust was founded in 1970 to preserve and carry out archaeological research of the Vindolanda Fort – a site […]
A holiday company says it is planning for the future and looking forward to welcoming its customers back, thanks to support from Lloyds Bank. Alfa Leisureplex Group has secured a £17m credit facility, including a £5m Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank. The funding will be used to support the business […]
An award-winning luxury hotel on the Isle of Skye that has lost over a thousand bookings because of the Covid-19 pandemic has secured its future with the support of Bank of Scotland. Kinloch Lodge, a family-run 19-bedroom hotel, relies heavily on revenue from international tourists so the ban on overseas travel hit it hard. Some […]
Travel agencies and tour operators are the worst hit of all major industries by the coronavirus crisis, with turnover of the sector in the UK falling 56% from £2.6bn in March 2019 to just £1.2bn in March 2020. UHY Hacker Young, the national accountancy group, says that the lockdown has already hit the prime Easter […]
The zero rating of e-books is welcome at time when more people are reading on line, but not all e-publications will benefit, say leading tax and advisory firm Blick Rothenberg. Alan Pearce, VAT partner at the firm said: “This has been brought forward due to the outbreak of coronavirus pandemic and the current lockdown requiring […]
