More travel companies to fail?
October 25th, 2010 by jason

The collapse of Greece and Turkey holiday specialist Goldtrail in July won’t be the last this year, say travel industry experts.

Nick Harris of law firm Simpson Millar, which specialises in travel compensation claims, says companies in difficulty will often survive during the summer when business is good.

It is usually in the autumn when travel firms go bust. The timing of the Goldtrail failure is concerning but I doubt it will be the only travel business to face closure in 2010.

There is concern about the growing number of holidays created by ‘dynamic packaging’, where agents or operators put together what looks like a package holiday by buying the different elements – mainly flights and accommodation – separately. Some such providers are not accredited by ATOL, ABTA or the CAA, leaving travellers with no or limited protection if the company goes bust.

My advice to travellers is to avoid dynamic packaging where possible, said Mr Harris, or make sure that providers are accredited and have a solid reputation.

What this means for anyone booking a villa holiday is that it’s best either to buy a complete package from a villa specialist, with ATOL or ABTA accreditation, or else to book the flight and villa separately yourself, ensuring the flight provider is covered by ATOL accreditation.

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