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TOUR OPERATORS LEAVE THE MARKET DUE TO WARRANTY ISSUES

... for the year. It is not yet clear to what extent such changes, if they are adopted, will affect the financial burden of travel companies. Considering that it is December now, and the Christmas holidays are about to begin, such a significant number of tour operators leaving the market makes one think about the fate of the travel business in Russia. Moreover, the negative trend that has emerged will only intensify now. Experts call this situation a mass ‘clean-up’ on the eve of the New Year.

Tour operators have announced the risk of a new wave of bankruptcies in the industry

Russian tour operators concerned about a new wave of bankruptcies, which may overtake them in connection with the need to return funds for the tours that were purchased but were not used. Obligations to do this expire at the end of 2021, however, there is no ...

Bankrupt tour operator 'Mouzenidis Travel' may rip off Russians for € 18 million

Federal Tourism Agency is trying to find an acceptable option for the Greek tour operator Mouzenidis Travel. The company has ceased operations and has not renewed the insurance contract yet. This must be done before November 14 and the notification should be sent to the Russian department. Most experts doubt that the insurance ...

Inflot cruise tour operator enters bankruptcy proceedings

... liquidation. However, the court refused to satisfy the claim. Inflot previously actively traded in vouchers, offering Russians various cruise programs (Norwegian Cruise Line, SilverSea Cruses, etc.). However, against the backdrop of the pandemic, the tour operator actually ceased its activities. Last April, the company was removed from the register of travel companies as it did not make last year's contributions to the personal liability insurance fund. According to the RST press service, the company's ...

UK TOUR OPERATORS FACE WAVE OF BANKRUPTCIES

... some of them applied to court with a claim for compensation, and officials from the CMA (Competition and Markets Authority, the state agency for control over competition) began to conduct their investigation. The situation is even worse with another tour operator, Alpha Holidays. The firm announced the actual liquidation. The previous website alpharooms.com has posted a message that the booking obligations will not be fulfilled. Customers who have previously booked trips are encouraged to contact ...

Clients of bankrupt travel agencies will have a chance to get 40 thousand rubles

Federal Tourism Agency is getting ready to send amendments to the legislation on tourism to the representatives of the State Duma. The agency proposes to introduce guarantees for tourists in case the tour operator unexpectedly files for bankruptcy. The amount of monetary compensation has not been finally determined. Its cost can be about 40 thousand rubles per person, if the cost of one tour on a beach holiday is taken as the basis for the calculation....

FEDERAL TOURISM AGENCY ANNOUNCED 28 THOUSAND RUBLES TO BE THE PRICE OF VACATION ON SAKHALIN ISLAND

... will take place on July 10. According to Doguzova, it is planned to organize weekly flights until the end of September. The program works with the assistance of the Federal Tourism Agency and the Government of the Sakhalin Region; TUI Russia acts as a tour operator. As Doguzova notes , such a trip will not be an alternative to a beach vacation, it is a completely different format - active tourism among beautiful nature, recovery and immersion in Asian exotics. At the moment, there are three tourist ...

SUNWAY TRAVEL COMPANY STARTS BANKRUPTCY PROCEEDINGS

... to counterparties and clients would be fulfilled. Travel agencies that worked with Puzankov noticed that the company ceased to transfer money even before the start of the pandemic, at the end of 2019. Having received no funds for early booking, the tour operators complained to the police. As a result, the debt to companies amounted to 31.7 million rubles, but the accounts of the company had less than 1 million rubles. What is more, the company has no other property. The report of the interim manager ...

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