kikki K collapses for the second time in 17 months afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
09 Jul 2021
One of the country’s biggest hostel groups has gone into administration, becoming the latest travel provider to succumb to financial collapse due to the global pandemic.
Tourism Adventure Group (TAG) went into administration last month, and was set to hold its first creditors meeting on Wednesday.
TAG operates Base, Nomads and United hostel networks across Australia and New Zealand, as well as a spate of bars, Fraser Island tour groups, Mojo Surf Camps and Sydney Iconic Tripz.
TAG managing director Dan Bunning told
The Australian the current COVID climate, along with the collapse of the backpacker trade and the loss of JobKeeper left the business no choice but to try and restructure.