All Leisure Group’s Failure Hints at Brexit Upheaval to Come
Skift Take
While Brexit shouldn't take all the blame for the demise of All Leisure Group, it seems to have played a part. So far the UK economy has confounded economists' expectations but this state of affairs is unlikely to last forever.
It only took four days to bring the first big UK travel casualty of 2017.
The fact that it was All Leisure Group shouldn’t come as a surprise to anyone who has kept an eye on the sector for the last couple of years.
The company had been struggling for a long time. A combination of unreliable ships and terrorism in key destinations meant it was saddled with substantial losses for a number of years.
In interviews after the collapse Chairman Roger Allard painted a bleak picture, highlighting the fallout from the UK's Brexit vote as another reason for his company’s failure.
While bosses are often guilty at blaming external events for sinking their businesses, rather than looking closer to home, there is some truth in what Allard says.
Travel companies tend to operate on very thin margins and any upset has the potential to throw them off course. Brexit is one example, others include terrorism or strikes.
It is true that All Leisure was in a particula
