TTC director Martin Alcock recently spoke at ABTAs Travel Regulation Conference about the importance of applying early for ATOL and ABTA bond for travel companies. Martin’s session was featured in the below article.
“Businesses renewing ATOLs or ABTA bonds in March should begin preparing now because of ‘more scrutiny’ in the process, say, industry experts.
Martin Alcock, director of the Travel Trade Consultancy, insisted: “It takes a lot more time to get all the information together so start early.
“There is so much extra information asked for by ABTA and the CAA.”
Alcock told ABTA’s recent Travel Regulations Conference:
“There is greater scrutiny of everything and everything takes much longer. We see far more scrutiny from the regulators, insurers and auditors.”
“Be all over the numbers. The more confidence you can give to stakeholders the better.”
Alcock noted consumer payments “flow through the supply chain but when anything goes wrong everyone wants the security of holding an amount”.
Read the full Travel Weekly article here.
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