Upfront payment could ease cash flow cocerns

Berman, Chloe
September 2009
Travel Weekly (UK);9/25/2009, p4
Trade Publication
The article reports that R.E. Bath Travel Ltd., (BT), a travel company, is offering discounts to its clients for paying upfront for their holidays due to its slow sales during the 2009 summer season. According to Stephen Bath, director of BT, the firm is facing a challenge to maintain its cash flow after its summer sales were hit by the global financial crisis. It is stated that the firm is planning a number of initiatives to combat the problem.


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