Speaking to Sky News on Tuesday (29 June), he said consumer confidence is "low" when it comes to booking international travel as the public "don’t understand" the requirements.
"The market makes most of its money over a 12-week period in the summer, and agencies are out of cash," Rowland added. "They haven’t been able to use furlough because they’ve had to look after bookings, and staff have had to work and there is no cash left.
"Businesses will fail. Significant numbers of businesses will fail – thousands."