Germany is significantly slashing costs for protecting package holidays against tour operator failures. Effective November 1, fees for the national travel security fund will halve, freeing up an estimated €70 million annually. This move aims to boost package tour competitiveness, with collateral requirements also reduced. Industry players view this as a positive initial step, advocating for further cuts to zero without compromising customer protection.

Gegen den staatlichen Reisesicherungsfonds, der Urlauber bei Pleiten wie von Thomas Cook oder FTI absichert, übte die Branche zuletzt Kritik. Jetzt nimmt Berlin deutliche…

Germany is significantly slashing costs for protecting package holidays against tour operator failures. Effective November 1, fees for the national travel security fund will…