Three travel industry veterans have come together to launch a website which offers free advice to travel businesses experiencing troubles during the coronavirus crisis.
Reboundconsulting.co.uk will include advice from its founders, Teletext Non-Executive Chairman Steve Endacott, former TUI Finance director Will Waggott and SkiPeople.co. Chairman Seamus Conlon, plus information from other professional advisors.
Endacott said the site had been set up to advise companies ‘in distress’ on how to navigate out of the current crisis.
It will look at long term strategic advice, cash and cost control, restructuring and options for financing and refinancing.
The three believe travel businesses need to use any quiet time now to prepare for that rebound. “We are likely to see an ultra late market for summer 2020 and an ultra early market for 2021 fuelled by customers shifting deferred holidays from the current lock down period. How companies communicate and retain customers during the lockdown period will be crucial to their rebound and strategies need to be discussed and implemented now,” said Endacott.
Conlon said: “During my time at Cruise.co.uk we had to re-invent our customers’ acquisition strategies several times to move away from high cost channels to lower cost and evolving changes like Facebook, Instagram etc. This is just one of the strategic re-evaluation many travel companies need to do over the coming months and I look forward to helping with this process via Rebound Consulting.”
