TITLE

Analyst predicts shaky future for tour operators

AUTHOR(S)
Robertson, Edward
PUB. DATE
May 2008
SOURCE
Travel Weekly (UK);5/2/2008, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the prediction of David Pattison of industry analysts Plimsoll Publishing on the fate of tour operators if the economic slowdown impacting Great Britain worsens. He stated that about 40% of companies are reporting declining sales, while more than half of the country's top 1,000 operators are also seeing their margins fall. With tighter lending procedures, it is estimated about half of these operators running low on ready cash could either fail or find themselves victim to aggressive takeovers.
ACCESSION #
34844423

 

Related Articles

  • 'Drastic action can save struggling travel firms'. Robertson, Edward // Travel Weekly (UK);2/27/2009, p7 

    The article reports that according to Plimsoll Publishing Ltd.'s senior business analyst David Pattison, tour operators have to take drastic action as soon as possible to save their business. Pattison said that latest research of Great Britain's top 1,000 operators has revealed as many as 213...

  • THE ROAD LESS TRAVELED. SPILLMAN, BENJAMIN // Las Vegas Business Press (10712186);2/23/2009, Vol. 26 Issue 8, pP6 

    The article focuses on the strategies of tour operator Quartermasterpoint to stay profitable during an economic downturn. The company operates Pink Jeep Tours Las Vegas with the Tour Trekkers package at the Grand Canyon in Arizona. Another option offered so as to diversify the firm's product...

  • Mergers boost independent sales.  // Travel Weekly (UK);1/25/2008, p2 

    The article reports on the advantage of the merger among large travel companies to independent travel agencies in Great Britain. The closure of more than 150 multiple shops following the consolidation of the four large travel companies has helped drive the sales of independent agencies in summer...

  • Plimsoll: 268 firms 'ripe for acquisition'. Robertson, Edward // Travel Weekly (UK);4/11/2008, p14 

    The article reports on a survey by Plimsoll which named 268 firms as ideal for acquisition in the tour operators market. Based on the survey results, the research firm is urging tour operators to adopt a more constructive approach to the acquisitions market. Publishing senior acquisition analyst...

  • 'What credit crunch?' say travel companies.  // Travel Weekly (UK);3/14/2008, p4 

    The article reports on the claim by travel companies in Great Britain that the credit crunch is still not having any serious impact on trade. Businesses attending the Association of Women Travel Executives lunch said they were yet to see any signs of the economic slowdown hitting sales. New...

  • Small operators review ad spend. Berman, Chloe; Robertson, Edward // Travel Weekly (UK);12/12/2008, p3 

    The article reports that smaller tour operators are rethinking traditional advertising campaigns amid fears of a fall in demand and the economy falls into recession in Great Britain. It is said that some independent tour operators are reviewing their plans in response to the worsening economy....

  • Peoplestravel takes new approach to high street. Berman, Chloe // Travel Weekly (UK);11/7/2008, p19 

    The article reports that tour operator Emerald Global has opened its first retail store in London, England which promises to fit customers' changing attitudes to travel during the economic downturn. The store has white walls which act as movie screens, a blog wall where travellers can post...

  • Only the fittest will survive... Dennis, Juliet // Travel Weekly (UK);7/24/2009, p5 

    The article presents a discussion on how recession has highlighted the risky work practices of tour operators and travel agents in Great Britain. The recent downturn has forced many operators to downsize or to close their operations. One such victim is Freedom Direct Holidays. Its failure led to...

  • Plimsoll: What's in store for 2010?  // Vending International;Feb2010, Vol. 44 Issue 2, p10 

    The article focuses on the statement of 2010 Plimsoll Analysis author David Pattison regarding the impact of recession in the Automatic Vending industry in Great Britain and on how other companies overcame the recession.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics