Deciding where to base your European travel operations is a complex decision. Read 10 areas to think about when making your choice.
Setting up in a new, international market?
Setting up a travel business in a new, international market can be daunting. There are many new regulations you must comply with, and these vary depending on which country you’re considering. Whether it’s the EU, US or further afield, our team has launched businesses in every corner of the globe, so they’re well placed to get you up and running. We can help by:
Conducting a review of all your current bonding.
Ensuring bonding is on the best terms and structure available.
Reviewing your existing structure against the requirements.
Supporting you through the entire process and making sure nothing is missed.
A seamless move to Europe
Selling holidays in the European Economic Area (EEA) suddenly got a whole lot more complicated for UK companies on 1 Jan 2021 (thank you Brexit…). But Travel Trade Consultancy is here to help.
We will review your existing structure against the EEA’s regulatory framework to identify the most appropriate way you can sell into the EEA. Our regulatory team will:
-Assess your options for operating in your desired EEA.
-Identify legal and bonding requirements.
-Collate correct information for any new applications you’ll need to trade in EEA member states.
-Take the lead on the application process, making sure no stone is left unturned.
-Liaise with UK and EEA regulators to ensure your application is processed efficiently.
Let us help you expand into the US
Taking your UK business over the pond, to sell holidays in the US certainly has its challenges. We’ve supported many clients to successfully expand into the American market. Alongside our trustworthy legal contacts, we will:
Advise and assist with incorporating a US subsidiary.
Assist with locating office space and recruiting.
File the necessary seller travel licences for Florida and California, including setting up local agents.
Draft suitable terms & conditions for your US sales.
Provide guidance on UK employment law matters.
Assist with your IATAN application.
Help you obtain seller of travel bonds.
What clients think of our strategy work
We’ve worked with a wide range of clients over the years, from household names to brand new start-ups.
Here are what some of them had to say about our strategic services.
"Knowing that the TTC team are finance experts who also have a deep understanding of the travel industry is the reason we have remained a client for so long. We are delighted with the day-to-day finance work and long-term strategic planning they have carried out for us."
"The TTC team were fantastic to work with, and they understood the travel industry as well as the challenges we were facing. Martin and Sarah shared some insightful analysis that, as a CEO, helped me to have confidence in the modelling and the decision I was making."
"We appointed TTC to assist with the regulatory aspects of carving Travelopia out of the TUI Group. Martin and his team worked closely with the senior management team throughout the very complex transaction process, providing advice and guidance on all licensing and bonding matters. TTC's in-depth knowledge of the ATOL, ABTA and IATA requirements and their previous travel sector transaction experience was invaluable in helping us conclude a successful sale to KKR."