Target said new restrictions on travel, introduced to combat the Omicron variant of Covid-19, risked severely depressing new bookings during what is typically the busiest selling window of the year.
Additionally, the group said outgoing would also increase with agents having to stay paying back bounceback loans and also make accommodations to pay Abta subscriptions.
"Historically, January is the most productive month for new bookings for the travel industry," said Target co-founder Jill Waite of Pole Travel. "With the latest travel restrictions, agents face losing this vital revenue stream."
