Future Bookings and Customers

pain: Hoteliers have to be compensated, probably to the tune of tens of millions of pounds, according to The Guardian. And the biggest cost involves refunding customers for future bookings. Repatriating 150,000 holidaymakers could mean a bill of 100m. The whole bundle could run to 500m. Consideration must also be given to the pain caused to employees and customers. The travel industry has an insurance scheme, but taxpayers could still be on the hook for a shortfall. (news.financializer.com). As reported in the news.