The Travel Diaries
21 November 2019
The Travel Diaries is an annual report produced by the BDO Travel team. In each edition, we cover a range of topics that examine opportunities and challenges that the UK travel market face as well as an overview of key M&A developments in the sector.
It’s been a sluggish year for M&A for outbound UK travel operators, partly driven by challenging trading conditions for outbound UK operates and a “wait and see” approach by buyers. Domestic operators have continued to perform well and we have seen strong deal activity for domestic operators in 2019.
In the second edition of The Travel Diaries, we hear from Liam McGuinness, Partner at CIL Consultants, who provides an insight into the staycation market and Chris Photi, Head of Travel at White Hart Associates, who covers the travel regulatory landscape. We also feature an article from Ian Coyle, CEO of HolidayTaxis Group, who discusses how HolidayTaxis successfully expanded their business internationally.
Richard Crisp from our Travel Due Diligence team also identifies areas in corporate travel that buyers are focusing on in due diligence and Eyad Hamouieh from our Tax team looks at how R&D tax relief can be utilised in the travel and hospitality sector.
We conclude the report with the BDO outbound and domestic travel growth league, which shows the fastest growing UK travel businesses.
Please contact one of the M&A Leisure team if you would like to discuss any of the topics raised in more detail.