In this post, we share six insights from the recent ATOL authorisation data. Watch our graph to see the changes over the past 10 years.
Travel regulation compliance services
Our friendly regulatory team will tailor advice based on your specific compliance needs and spend time getting to know your business to help you decide which solution is best for you.
Starting a travel business the right way.
Life is challenging for businesses in the travel industry, there are constant hoops to jump through and many complex regulations to navigate. Whether it’s ATOL, the Package Travel Regulations (PTRs), or international rules, you could end up in trouble if you don’t set up your business correctly. Our team of regulatory experts can help by:
Reviewing your latest financial information against the regulators’ financial criteria.
Providing feedback on the conditions they will likely offer you.
Act on your behalf by engaging directly with the regulators saving your valuable time.
Ensure you’re offered licencing and membership terms which are consistent with other businesses
Collate the application and supporting documents to ensure you’re presented to the regulator in the best possible way
Using our well-established relationships with the regulators to make sure the most appropriate team assesses your case
Personalised business model appraisals to
find the best solution for you.
We know that each business is different, and there’s no one-size-fits all solution. This is why we tailor our advice based on your needs. There are several compliance options for travel businesses.
If the CAA requires an ATOL trust or escrow account, we help you understand the benefits and drawbacks of each and work with you to find a personalised solution. We’ll then make sure you meet the conditions of your offer, which may include arranging additional security.
An extension of your team
Keeping up with the ever-changing regulations can be difficult but working with us makes that a little easier. We act as an extension of your team and provide ongoing assistance with ATOL and Package Travel Regulations related issues. We continue to support you by:
Keeping on top of any regulatory changes so you don’t have to
Ensuring websites and documentation remain compliant
Reporting periodic data to regulators and trade bodies
Completing annual renewal processes
What clients think of our regulatory work
We’ve worked with a wide range of clients over the years, from household names to brand new start-ups.
Here are what some of them had to say about our regulatory services.
"Knowing that the TTC team are finance experts who also have a deep understanding of the travel industry is the reason we have remained a client for so long. We are delighted with the day-to-day finance work and long-term strategic planning they have carried out for us."
"We asked TTC to help us secure an ATOL licence to launch Trip.com in the UK market. Simon and the team have been fundamental in getting the licence approved. Working with them is like having an extended team member we can call on at any time."
TTC Director, Martin Alcock was quoted in Travel Weekly discussing the governments latest proposal for the PTRs.
The DBT recently circulated a call for evidence as part of a consultation on the Package Travel Regulations. Here are our initial thoughts.