You may have read in the travel press or on social media that on 1 March 2016 the CAA issued a series of new financial assessments for Standard and Small Business ATOL holders. All of the new changes are highlighted in the CAA’s guidance note: – “ATOL Policy and Regulations 2016/01 – Criteria for an…
WHA were headline sponsors for the latest Travel Weekly Executive Dinner, held at the Dorchester Hotel on 28 January 2016. The event was attended by a number of leading Travel Industry representatives. Richard Jackson, the CAA’s former group director for consumer protection was the guest speaker for the evening. Enclosed is an article in this…
As highlighted on the WHA blog forum yesterday, enclosed is a copy of the article from Travel Weekly announcing Chris Photi’s induction into The British Travel & Hospitality Hall of Fame. Other inductees include Manfredi Lefebvre of Silversea Cruises and Peter Stephens of Lotus Group. WHA are very proud of our own “Travel Titan” and…
This year’s theme of Abta’s Travel Convention was “risk and resilience” which, as Abta’s chairman Noel Josephides highlighted, was apt for this year’s hosts Greece given its government and its people would have to continue to show such attributes as it battles its current economic issues. The backdrop for this year’s convention was truly stunning.…
This is a WHA article that recently appeared in ABTA’s frequent newsletter, ABTA today, which provides important and relevant information to all of its members:- FINANCIAL REPORTING STANDARD 102 (“FRS 102”) The purpose of this guidance note is to advise Companies on the changes in accounting and reporting required by the mandatory adoption of FRS…
The acquisition of Monarch by private equity firm Greybull will be the fore runner to a number of substantial travel acquisitions by private equity firms. Chris Lee, Head of Travel at Barclays, wrote an article in the travel press this week highlighting that most travel M&A activity was emanating from private equity with little happening…
A ruling at a recent Employment Tribunal Appeal case could lead to claims by hundreds of thousands of workers who do overtime.The ruling is the latest development in a case concerning the inclusion of other elements of pay in the overall calculation of holiday pay, such as sales commissions. In the past many employers have…
There have been significant changes relating to EMI options and other employee share ownership arrangements (approved and unapproved) which have taken effect since 6 April 2014 even though the 2014 Finance Act which will implement them did not become law until 17 July 2014. The changes have been both technical and administrative and are reviewed…
Auto Enrolment – Are You Ready? You may have been aware of the government’s “We’re all in” advertising campaign, which refers to reforms to workplace pensions.In the past you may have thought that this only relates to larger firms with typically over 250 employees. This has been the case since October 2012, but its coming…
The sad demise of On Holiday Group last week came as not unexpected to many travel insiders who know they have been trying to find a buyer or raise finance for some time. More broadly it has thrown the spotlight on the future of bed banks and perhaps focuses attention on the viability of the…
