In partnership with The Adventure Travel Trade Association (ATTA), Flywire has released Financial Strategies and Tactics for Adventure Travel Businesses During Economic Uncertainty, a report available for free to the travel community. The report provides timely and useful information for businesses to weather the economic storm induced by the COVID-19 pandemic, and outlines safeguards to put in place to stand resilient in the face of future crises.
“The impact of COVID-19 is being felt at every level of the industry—from the largest online travel agencies to individual tour operators and the local ecosystems that support them,” said Colin Smyth, Flywire's Senior Director of Travel. “Flywire is committed to helping our clients— and the travel industry as a whole—not only navigate through this difficult time but also position themselves well for the better times ahead.”
The 6-chapter report lays out ways businesses can respond to the current financial challenge and prepare to emerge stronger. Drawing from the knowledge of economists, financiers, lawyers, and leading tour operators, Flywire and ATTA hope that this report provides a helping hand to adventure travel businesses looking for some guidance to navigate the crisis.
In addition to this report, Flywire is offering free payments assessments to businesses in the travel community. Lowering merchant and wire fees and capturing as much of every payment as possible is critical to the strategies laid out in the report. Request a free travel payments assessment today to speak to an expert and see where you may be able to save money to help your business emerge stronger.