Inaugural Mentor of the Year Award
The shortlist for the inaugural Mentor of the Year award, at the forthcoming 'ITT Future You Awards' has been revealed today.
Published - 01/07/2020
ITT launches first Virtual Event
Next Wednesday, 1 July, ITT will be holding its first Virtual Event on our brand new Virtual Event Portal.
Published - 24/06/2020
ITT Future You: International Careers Conference
First 'International Careers Conference' on Wednesday 15th July; in partnership with global community, Travel Massive.
Published - 23/06/2020
News from Istanbul
New tourism health and hygiene certification and third runway for Istanbul Airport
Published - 19/06/2020
BDO, a Member of the Institute of Travel & Tourism, is urging the government to support the UK leisure sector.
With the UK adopting more stringent measures to protect its population from COVID-19, the government must urgently consider acting as the insurer of last resort for the UK’s leisure sector which will face unprecedented difficulty in the weeks ahead, accountancy and advisory firm, BDO LLP said today.
The warning comes today as the government is set to announce more financial measures to help the economy during the coronavirus outbreak, amid concerns the latest restrictions could put firms out of business.
Boris Johnson has urged everyone to avoid unnecessary social contacts, to work from home where possible, and to stay away from pubs and restaurants.
The leisure sector, which has many world leading companies in industries such as restaurants and travel, is already suffering a desperate cash crunch as bookings fall and the UK population cuts down its social activity. Accounting for around nine percent of UK employment, leisure is a vital industry for UK jobs and prosperity and will be the first industry to be hard hit by the pandemic.
Peter Hemington, Corporate Finance Partner at BDO said: “While the measures announced in the budget to help businesses through the COVID-19 emergency were welcome, they did not go nearly far enough. Very few businesses have cash reserves available to get through a likely two to three month shutdown, so the majority will struggle severely unless drastic action is taken. The government has a tried and tested role as an insurer of last resort. It must adopt that role now by offering businesses impacted by the coming Coronavirus shutdown insurance against their reasonable losses incurred in the coming months.”
Published: Tuesday, March 17, 2020