As travel industry we veterans have joined forces to create a FREE online web resource at www.Rebound Consulting.co.uk, to host resources and content, providing the latest advice on how to "Survive today... to Rebound later". The site will feature blogs and advice from the three founders, as well as other professional advisors and will encourage companies to make contact if they need further assistance.
The business has been set up to advice travel companies in distress, on how to navigate out of the current crisis. It will look at long term strategic advice, cash control, cost control, restructuring and options for financing/refinancing.
Endacott commented "Having sold Holiday Taxis Ltd last January, I have the time and experience to be able to help travel companies during these turbulent times. Unfortunately, during my career as well as success, I have had to manage businesses like MyTravel and On Holiday Group, through extremely challenging times and in the case of On Holiday Group, administration. This has given me an extensive knowledge of what management teams can and can't do to manage cash/resources, without putting themselves at legal threat during times of crisis and potential collapse."
Waggott has been involved with large plc restructures at Airtours, TUI and Thomas Cook. But also has significant experience of running smaller travel businesses, both within these corporations and more recently Travelopia. He commented "These are clearly unprecedented times in the modern travel industry, many travel businesses are going through an incredibly difficult time and I would like to use my experience to help these businesses Rebound back on their feet when the upturn comes."
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.
The three strongly believe that as well as "Surviving today", travel businesses need to use the upcoming quiet time to prepare themselves for the "Rebound" which will come quickly and brutally in their opinion.
Endacott commented, "We are likely to see an Ultra Late market for Summer 2020 and an Ultra Early market for 2020 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".
Conlon commented "Business need to get their heads around the post Corona world being a slightly different place, with homeworking much more the norm and an explosion is social communications channels providing new and different marketing opportunities. "Will your customers want to go back to faceless phone calls after three or four months of constant facetime, skype or zoom?"