BUSINESS NEWS
Abta’s Mark Tanzer aims to provide ‘more value‘ for members
rather than cut services
Abta defends average 8% hike in subs rates
Association reminds members increase is first for three years. Ian Taylor reports
A rise in Abta subscription rates from next month, confirmed last week, was not unexpected. Abta chief executive Mark Tanzer
made clear early this year that he did not intend to cut the services Abta offers and would not base subscriptions from July on members’ turnover last year. He told Travel Weekly in February:
“Abta has good reserves to carry on doing what we do.” But he added: “We need a financial model that is viable.” Tanzer promised a review
46 16 JUNE 2022
of Abta’s services but said: “I’m interested in putting more value on the table for members rather than going in the opposite direction of cutting services.” He also noted: “Subscriptions
based on most-recent turnover aren’t going to work when people haven’t had any turnover.” Tanzer was speaking after Abta
reported a £15 million loss for the financial year to June 2021, with the bulk of the losses due to the failure of Cruise & Maritime Voyages (CMV)
parent South Quay Travel in July 2020. However, Abta more than
balanced the books by selling its former Newman Street head office in central London for £19.65 million in October, leaving it with £25.7 million in assets even after it paid off a £2 million Coronavirus Business Interruption Loan. Member turnover in the year to June 2021 more than halved to
Continued on page 44
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