Prince Harry Faces Another Blow as His Eco-Travel Organization Reports Loss
Founded in 2019 before his move to the U.S., Travalyst partners with companies like Tripadvisor, Booking.com, Visa, and Expedia.
Prince Harry is back in the UK after a two-day trip to the US, where he spoke at the Skift Global Forum as founder of Travalyst and called for transformative change in sustainable travel. But the not-for-profit's latest accounts show a $18,000 deficit for 2025, a loss a spokesperson described as planned.
This marks a decline from the previous year, when the organization had approximately $184,000 in cash and paid off a tax bill of $118,003.08. Founded in 2019, before its move to the U.S., Travalyst partners with companies such as Tripadvisor, Booking.com, Visa, and Expedia. Despite the significant financial impact on the company, a spokesperson maintained that the situation is not as dire as it appears. "It was a planned and small loss of £13,000, very typical of a lean, not-for-profit organization, making a critical investment for the future."
"Travalyst remains confident in its financial oversight and strength of its partnerships," the spokesperson told The Sun.
However, despite advocating sustainable tourism, the Duke has time and again faced criticism for using private planes. "I came here by commercial. I spend 99% of my life traveling the world by commercial," he said while defending his action in 2019. "Occasionally there needs to be an opportunity based on a unique circumstance to ensure that my family is safe — it's generally as simple as that, he added, the BBC reported.
Since its inception, the company has encountered several challenges, highlighted by the resignation of India Gary-Martin as the first chairman in 2024 after less than two years, citing a desire to pursue her own business. Gianni Marostica, a former Google executive, was appointed as the new chairman in December 2024, the New York Post reported.
Meanwhile, the loss comes at a time when the Duke is allegedly experiencing financial difficulties alongside a legal defeat against the Daily Mail and Associated Newspapers. Harry was required to pay an initial sum of £9.5 million ($13 million) in legal costs to Associated Newspapers Limited following a ruling by a UK High Court judge.
This payment pertains to a case lost against the Daily Mail over allegations of unlawful information gathering for articles published between 1997 and 2015. The initial payment was due by 4 p.m. on August 28 and does not represent the complete costs the group will ultimately incur, CNN reported. The Duke and the co-claimants have until October 2, 2026, to seek permission to appeal the High Court's ruling in their privacy case.
