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Travel March Review: Holiday Late Pricing, Budgets and Travel, Agency Debt, UKInbound
Welcome to the Travel Monthly Review Show – March 2024 edition. In this episode we tackle:
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Industry news including Late pricing, agent debt, industry associations and more
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UK Spring Budget – The UK Government has announced a range of measures to keep the UK's finances fluid… we analyze what they mean for the industry
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Our monthly feature features CEO Joss Croft. uk inboundto examine trends in the international tourist market to the UK.
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Plus, no show is complete without a quick quiz
Will Plummer (Trust My Group CEO), Claire Steiner (Global Travel and Tourism Partnership UK Director) and James Clarke (General Manager, Travelzoo UK) will be appearing.
Featured Topics UK – Spring Budget – Election Year
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Air passenger tax: Air passenger tax on business class travel is scheduled to increase
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Holiday Lets: From April 2025, we will completely abolish the Furnished Holiday Let scheme.This means that mortgage interest is not deductible
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Apartment housing relief will be abolished from June
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Alcohol tax freeze: The alcohol tax freeze, which was scheduled to end in August, will continue until February 2025.
Employees and general operations
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2% reduction in National Insurance This means employees were paying 12% in December, 10% from January to March and 8% from April.
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Self-employed workers will have to pay 6% from April.
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From April, the VAT threshold will be raised from £85,000 to £90,000.
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Raise the standard amount of child allowance
Listen to the podcast here.
About Haynes Marcombs
Haynes MarComs supports companies with strategic brand marketing and digital and PR campaigns by taking a holistic approach to sales, marketing and customer delivery. Our aim is to make your business more efficient and productive in your go-to-market strategy, ensure market confidence, and drive lead generation to achieve your commercial goals.
