Eleven days after Budget Travel cease trading and I'm still in shock! In my opinion and from my experience of holidays, Budget Travel were the most reliable and quality tour operator to travel with. Budget Travel was the No.1 tour operator in Ireland, offering 172 jobs and holding 17 retail shops. Word has it that the company tried everything to stay open but on the 25Th of November 2009 Budget Travel applied to the High Court and was placed into provisional liquidation. I think that this was a sad day for Ireland to see such a honest reliable Irish company go under.Luckily arrangements were made to cater for the holiday makers who were abroad at the time and also for those who have planned to travel in the next few days or weeks. Budget Travel have 11.4 million cash lodged in order to aid their unfortunate customers.
I believe that this shows how much trouble many companies are in especially within Ireland. Because of the economic crisis people are much more price conscious and not using travel agents when they can organise their own cheaper holiday. Now that the biggest Travel Agent in Ireland is gone, who's next? I believe the other travel agents got to be in trouble too because budget travels closure has shown that the demand in the travel industry is decreasing and there has been a rapid and abrupt downfall in the tourism industry. Also I think the likes of bookshops and record shops are on the line with a huge increase of online sales.
The crisis at the moment is not the only thing on companies minds, there is the issue of the increasing use of E shopping and e business. This aspect leads to many peoples answer to everything and other peoples headache!
Unfortunately it has came to an end for Budget Travel but i hope the rest will stick it out!!
No comments:
Post a Comment