Travel agencies staring at layoffs, bankruptcies after MCO 2.0

Khoo Gek San

Tourism is the second largest source of income for Sabah but with interstate and inter-district travels banned, some travel agencies have had to close shop. – The Malaysian Insight pic by Irwan Majid, January 15, 2021.

LAYOFFS and bankruptcies will be the “new normal” for travel agencies, as the industry can no longer afford another year of zero income caused by the Covid-19 pandemic, said players.

The reimplementation of the movement-control order (MCO) will only worsen things as companies downsize and restrategise to cut costs and maintain operations.

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