Travel, Hospitality, Tourism – Manage your Financial Distress
The Engaged Tourism initiative was created to respond to the widespread struggle seen in the travel, tourism and hospitality sector.
We believe that in order to place the South African Tourism sector in a position that will allow it to “build back better” we will require numerous interventions through a joint effort that brings together Financiers, Businesses, and Rescue Specialists. To do this end the initiative aims to achieve the following:
Restore Customer Trust
Creating a trust account to hold customer deposits.
Turnaround & Business Rescue
Negotiation with banks, suppliers, and deposit holders.
Providing all statutory and services in respect to business rescue and managed turnaround at an affordable rate.
The Creation of a network that can optimise and generate business for each member by:
Asset Leveraging
Leveraging the assets of the parties involved via economically viable agreements between the parties involved.
Market Leveraging
Cross leveraging the various markets held by all parties.
Updating T's & C's
Updating the T’s & C’s for the travel agencies to better protect themselves and the customers.