Fears for $2b in travel credits if agents go bust
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A decade-long veteran of the once vibrant Australian tourism industry, Alycia Papadopoulos â whose travel advisory business in Victoria is in hibernation â is not holding her breath for the federal governmentâs assistance package. So much damage has been done, she says, the industry will never be the same again.
Along with continued job losses, her other key concern is the fate of the average Australianâs hard-earned holiday dollar, given that agents and advisers are holding more than $2 billion in travel credits.
But without continued direct assistance, how much longer can they hold on?