re: Corona Virus is bankrupting my parent’s and sister’s small travel business

Trump did address the issue in his speech. Not sure how much your family will actually be reimbursed but it definitely sounds like it will be a priority.

quote:

---

I, too, work in a field that requires face-to-face interactions with clients as well as making appearances in forums with 50+ people. There is a good portion of my job that involves office work (work that can be done remotely), but the two go hand in hand. If I can't do the person to person interaction part of my job, the other part of my job stalls. Fortunately I'm on salary, but I'm sure our equity partners are freaking out right now.

---

You didn't get that ecf notice?

We lost a lot of money last week and this week when the biggest tech company in the world cancelled our flights to NorCal. Upon inquiry, someone told me that it is a liability issue and they are not letting anyone from the outside on the campus.

quote:

---

I’m not familiar with the travel business model, but do travel agents really put up their own money to cover their client’s cancellations? That seems too risky unless they keep insurance or cash reserves to keep them from going bankrupt.

---

I’m not sure how most travel agents do business but the are a small niche business that goes on the trips themselves to act as guides, especially for people who have never traveled.
They plan the logistics months in advance and have everything organized. They make their money by (not sure their rate) making sure there are no problems and with bookings for flights and hotels. It really is a demanding job for large groups. They started with just a few clients and it blew up.
They offer prices on different trip packages and clients have to send a non-refundable deposit or fee by certain dates.
Any money they save by constantly negotiating hotel, transportation and flights, becomes profit along with the price of the trip packages.
If the clients cancels at the last minute, it hurts their pocket for each one.
Now clients that had requested upgrades that required booking non-refundable rooms, have now started demanding my family return it of their own pockets even though the requested it. Saying they couldn’t do that destroyed any hope for later trips with them.
It’s a mess and not much time left to work something out.

quote:

---

Lighting strikes and pit bulls will kill more people in America than this shite

---

People dying isnt the real issue. People die everyday. The underlying crisis is how this is going to destroy the economy. Thats what people should be afraid of.

quote:

---

SBA loans can be brutal

---

Probably less brutal than bankruptcy and losing everything.

Watch it bob

You’re on thin ice

Go fun meh.

This is why you form LLC and separate business assets from personal assets.

quote:

---

Go fun meh.

---

They would never even entertain a go fund me for this. Like someone said earlier, this is life. Life bites you in the arse whenever it wants. Others worse off will fight back and hopefully my family can do the same. I pledged a significant amount of money to stop them from going and refunding whoever can’t get theirs back. The older clients who saved a significant amount of money over the last few years to go on their dream trip or the ones I feel sorry for the most. They save what little they earn and finally get enough to go, but it could be not happening now while losing a significant amount of money. Some have saved for multiple years for the trip and can vanish instantly.