Prince Harry's travel company Travalyst has recorded a substantial drop in profits, plunging more than £13,000 into the red in the last financial year.
The not-for-profit organisation, founded by the Duke of Sussex in 2019 before he quit his royal role and moved to California, aims to make global tourism more environmentally friendly.
According to its annual accounts, the company reported losses of £13,542 in the 2025 financial year. In the previous year it turned a profit, with £138,827 cash in the account and paid an £88,836 tax bill.
Spokesperson insists loss was planned
While the financial blow appears to have made a major impact on the company, a spokesperson insisted all is not as bad as it seems.
The spokesman told The Sun: “It was a planned and small loss of £13,000, very typical of a lean, not-for-profit organisation, making a critical investment for the future. Travalyst remains confident in its financial oversight and the strength of its partnerships.”
Chief executive departure adds to challenges
Travalyst, which is backed by Trip Advisor, booking.com, Visa and Expedia, was hit with another blow in 2025 when a 'crucial' staff member quit the company.
Sally Davey stood down from her role as chief executive of Travalyst in September last year, saying in a statement that she had "reached a point in my journey where I know I need to give more time back to my family, and to myself".
She also said of Harry: "I will always be grateful for your support, including as my confidant and guide during this personal decision to step back. I’m proud of what we’ve built together. And while I’ll be stepping down as CEO, I remain as committed as ever to Travalyst’s mission."
Harry's environmental stance
Harry has long been the face of the project, despite admitting to taking private jets. While launching Travalyst six years ago in Amsterdam, the prince said "no one is perfect" and "we can all do better" when it comes to tackling environmental issues.
He added: "I came here by commercial. I spend 99 per cent of my life travelling the world by commercial. Occasionally, there needs to be an opportunity based on a unique circumstance to ensure my family is safe, and it's genuinely as simple as that.
"We can all do better. And while no one is perfect, we are all responsible for our own individual impact; the question is what we do to balance it out. As tourism inevitably grows, it is critically important to accelerate the adoption of sustainable practices worldwide; and to balance this growth with the needs of the environment and the local population."
