In this post, we set out some of the most common approaches to revenue recognition in the travel sector.
Virtual finance director level support
Running a travel business is challenging, and having an effective finance function is more critical than ever. Our travel finance specialists can fill the gaps in your existing team, giving you a tailored, outsourced travel finance function.
Senior finance support for your travel business
Managing cash flow, currency, and supplier payments, whilst projecting confidence to shareholders, regulators and other important stakeholders who take a keen interest in the financial stability of your business.
Having experienced travel finance experts at your side can help you navigate the choppy waters and avoid making costly mistakes.
However, building the right finance team can be difficult and time-consuming. Throw in the unique complexities of the travel sector, and it’s little surprise that finding suitable candidates can be a challenge.
That’s where we step in
Benefit from more than 20 years of travel finance experience.
Our qualified travel finance professionals can fill the gaps in your existing team, giving you a tailored, outsourced travel finance function, on a fully flexible basis.
We provide board-level input, but we aren’t shy of getting our hands dirty. We assist businesses at a Financial Director and a Financial Controller level.
Between us, we have decades of experience working with important stakeholders like HMRC, the CAA, ABTA, IATA, merchant acquirers, banks, insurers, FX providers and private equity firms.
We can support your discussions or manage these relationships on your behalf. Pick up specific projects or provide temporary support to cover illness or parental leave.
Helping travel business owners achieve their goals
Our experienced team will de-risk and demystify your travel company’s financial situation and add credibility to your tour operator or travel agency, leaving you with a clear view to make better business decisions.
Let our experts:
Act as a sounding board for MD’s, CEO’s, chair-people, boards etc
Work with you to strategise, look at funding options and growth opportunities.
Take control of your finances and support your dealings with third-party stakeholders.
Help you maximise profitability, reduce costs and optimise cash flow.
Effectively identify and manage financial risks
What clients think of our finance 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 financial 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."