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By Philippe Gelis

#PayitForward to the Travel Industry: a Call to Action for Business Leaders

Published March 19, 2020
Philippe Gelis, CEO & Co-founder of Kantox is calling on business leaders to Pay it Forward.

There is no blueprint for what we are living through right now. Sitting here in lockdown, in an attempt to flatten the curve, I am experiencing these effects firsthand.

With heavy travel restrictions already in place across Europe, the travel industry is clearly one of the most severely impacted by the Covid-19 pandemic. It’s also one of the most important industries in our global economy, supporting millions of people around the world.

And although it’s easy to complain when a flight is delayed, or when a booking is messed up, travel is something all companies do and are being impacted by.

Some governments are providing support to the hardest-hit industries. But this effort – while noteworthy – likely won’t be enough. Jobs are being lost and companies are suffering, (not to mention the personal losses).

Open call to the Business Community: #Payitforward

The business community has an opportunity to influence and mitigate some of these negative effects. Companies that are financially robust and relatively unaffected by this crisis can play a key role in promoting economic recovery.

But this will require business leaders to take action.

During the pandemic, I firmly believe that the business community needs to come together and show solidarity by supporting its key providers. It’s a thought echoed by other leaders.

The #Payitforward Travel Industry Initiative

As a company, we are used to facing and solving FX challenges. To help in solving the economic challenge of Covid-19, Kantox is calling on companies to launch a global #PayitForward Travel Industry initiative by making a financial commitment to their trusted providers.

To help restore business confidence, ease supply chain disruption, and boost cash flows, we are pre-paying part of our 2020 travel budget to our trusted providers.

Keep reading this article on Philippe Gelis’ LinkedIn

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