A travel industry executive for more than two decades, John Lovell, CTC, is President of Travel Leaders Group, a division that includes Internova Travel Group’s consortia operation, its large host agency and its wholly-owned cruise, leisure and specialty agencies.
This data is interesting because it suggests travel is a big factor in motivating many people, particularly seniors, who are the most at risk of serious illness or hospitalization from COVID-19, to get vaccinated.
Cash flow is going to be tight for the next six, seven months. But people are doing what they need to do. They're selling other products, working with their preferred suppliers to generate the cash where they can.
Cancellation terms vary by travel supplier. Airline tickets have refundable and nonrefundable fares, cruises and tours have varying cancellation terms that may include a non-refundable deposit or may begin penalties 60 to 90 days prior to their scheduled departure. Hotels generally have two options for booking refundable or non-refundable lodging.
For travelers, the coronavirus epidemic is spreading fear and uncertainty — and a desire for a full refund. But can you get your money back if you cancel your vacation? It depends.
Agencies face a spate of challenges between now -- what some are cautiously calling the beginning of the industry's recovery -- and when revenue is more freely flowing into agencies' coffers.
Higher vaccination rates among would-be travelers indicate travel is a major motivator for getting vaccinated