Statement regarding the cancellation of TT 2021

Date: Thursday 03 December 2020

Brett Martin, Sector Lead for the Chamber of Commerce Visitor Economy Committee (VEC), said: “The loss of the 2021 TT will be keenly felt by the visitor accommodation sector, and by local travel, hospitality and retail businesses, but we recognise the need for an early decision to provide clarity to the sector, fans around the world and all those involved in the organisation of the event. For every £1 spent on accommodation by TT visitors, £3 is spent in the wider Manx economy, so the effect goes well beyond the hotels, self-catering properties and campsites.

“Isle of Man Government had no realistic alternative to cancellation given the significant lead times involved in the planning of the event and the current uncertainties over the timeframe for borders reopening. Moving the event to later in the year was carefully considered by government in consultation with the sector, but proved impractical given the limited accommodation provision available and the disruptive impact it would have on pre-sold, late season business.

“From VEC’s perspective, the key issue now is to ensure the industry remains intact for the post-Covid bounce-back. We believe there is every prospect of a stronger UK staycation market emerging from late 2021 onward, and the Isle of Man will be an attractive destination for those wishing to stay relatively close to home. Fulfilling that potential will depend on being able to provide the right quality and capacity of offering across the board, and we will be working closely with Visit Isle of Man and the Department for Enterprise to make this happen.”