"Following the onset of the conflict in the Middle East, our operational teams have been working round the clock to support directly impacted customers in resort and to enable a return home as soon as possible."
"The timing of when the conflict will end and the shape of recovery in demand for these destinations are unknown."
"This warning highlights the mounting pressure faced by the travel sector, as many holidaymakers are increasingly hesitant to fly to regions perceived to be near the conflict involving Iran."
The Beach Group, an online travel company, has issued a warning about declining bookings to Mediterranean holiday destinations following escalating Middle East conflict. The downturn has negatively impacted profits, resulting in a share price drop exceeding 10%. Popular destinations including Turkey, Greece, Cyprus, and Egypt have experienced marked decreases in customer demand as travellers avoid regions perceived near the conflict. Despite limited direct business interests in the Middle East, the company has suspended its annual profit guidance, previously forecasted at £39-43 million. Management expressed uncertainty about conflict resolution timing and demand recovery, while operational teams work to support affected customers.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]