The Australian Federation of Travel Agents (AFTA) has welcomed the strong endorsement from members, with over 70 per cent having already renewed and more still submitting.
The industry body also confirmed that in addition to membership renewals being as forecast, it is in line with budget forecasts.
AFTA chair Tom Manwaring said the strong member renewal numbers were “quite a remarkable outcome” given the devastating reality of the impact of COVID on so many businesses.
“AFTA is very grateful for our members’ ongoing support, and we continue to lobby daily on behalf of our members and sector to secure ongoing support from government,” he said.
The positive news comes after the federation revealed a $2.1 million loss for the 12 months to 31 March 2021, which was significantly more than the $450,699 loss it recorded during the same period last year.
AFTA’s total revenue for the 12 months to 31 March was $1.7 million, down from $2.1 million in 2020.
Operating revenue for the year fell by 69 per cent to $673,692, which AFTA noted was primarily due to the board’s decision not to charge membership fees for the 2020-21 financial year.