Travel Lite, a travel company based in the United States, was founded in 2008 with the mission to make travel more affordable and accessible for everyone. They offered a variety of services such as hotel booking, car rental, cruise packages and airfare. The company was widely popular with travelers due to their customer service and competitive prices.
Travel Lite’s growth continued until 2020 when the Covid-19 pandemic hit the world. This pandemic caused an unprecedented drop in travel around the globe. With fewer people traveling, Travel Lite was forced to downsize their staff and cut back on their services.
Despite the difficult times, Travel Lite refused to give up. They put together a plan to try and stay afloat by cutting costs and offering discounts on certain services. However, this wasn’t enough to keep them going and they eventually had to declare bankruptcy in October 2020.
Did Travel Lite Go Out of Business?
Unfortunately, yes. Despite their best efforts to stay afloat during the pandemic, Travel Lite was unable to survive and had to declare bankruptcy in October 2020. This is a sad example of how even established companies can be affected by unforeseen circumstances such as a global pandemic.
Travel Lite may no longer be around but its legacy will live on through its many satisfied customers who enjoyed its services over the years.
Conclusion:
Yes, Travel Lite went out of business due to the impact of Covid-19 pandemic on global travel industry. Although it is unfortunate that they had to close down operations, their legacy will remain thanks to its many satisfied customers over the years.
9 Related Question Answers Found
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