30% fall in travel agency insolvencies
The number of travel agency and tour operators going insolvent has fallen by 30% in the last five years as the impact of the internet slows.
Travel agencies are now benefiting from British people taking more holidays than at any time since 2011, as the economy has now emerged from the financial crisis.
Despite the fall in annual insolvencies, the market for travel agencies is still challenging and inherently uncertain.
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