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TOUR OPERATORS LEAVE THE MARKET DUE TO WARRANTY ISSUES

... financial security. It can be 5% of the company's turnover per year, but not less than the established amount. In addition, Federal Tourism Agency is seeking to abolish the personal responsibility of the organizers of tours, the provision of which is more than ... ... 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 ...

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

... Customers who have previously booked trips are encouraged to contact the dedicated website alphaholidays.traveltrust.co.uk with requests for financial reimbursement by filing in an application form. According to the portal tourprom.ru, the losses of the two tour operators are not the only ones in the UK tourism market. Earlier, the British firm Cheap Cost Holidays has announced the termination of its activities. The firm has been selling cheap tours under various brands since 2015. Experts note that the similar processes in the outbound tourism market ...

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

... first charter flight has already been operated to the island, and the next one 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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