The Benefits of ABTOT Travel Bonds
As an Approved Body, appointed by the UK Government Department BEIS, ABTOT operates a regulated financial protection bonding scheme for Travel Organisers who need to comply with the 2018 Package Travel Regulations (PTRs).
The ABTOT Travel Bond is a straightforward and cost-effective option, underwritten by leading Travel Bond specialists Travel & General Insurance Services (t&g). We understand travel organisers’ business models and are skilled at providing the most appropriate bonding solution. ABTOT Travel Bonding is accepted as compliance to the PTRs for the following Trade Membership Associations: AITO, ABTOI, ABTA, ATTA and STF.
Our Membership encompasses all sizes and specialities: annual turnover per ABTOT Member varies from less than £100k a year to over £200m and our Members have a strong presence in Adventure Travel, Activity Travel, Coach Travel, Responsible Tourism, Cultural Tours, Specialist Tours, Safari & Wildlife and Ski & Winter sports.
Travel Bonds for SMEs
SMEs – Many Members of ABTOT are small to medium sized travel organisers who have found a niche product or market.
A SME travel organiser who operates flight inclusive and non-flight holidays can enquire about the ABTOT ATOL franchise option. Flight inclusive holiday volumes cannot be greater than the non-flight holiday programme. See ATOL Franchise – ABTOT
Travel Bonds for Societies, Charities and much more
Other Members include clubs, societies and charities who are not primarily travel organisers, but whose operations have fallen within the scope of the Regulations.
ABTOT requires only the non-flight “package” element to be bonded, this makes Membership attractive to large associations whose main business activities fall outside the Package Travel Regulations.
Accommodation Only Travel Bonding
Some travel organisers offer accommodation only (single element); and therefore, do not fall within the scope of the package Regulations but still choose to join ABTOT Membership. The ABTOT logo and financial protection promise is useful for both marketing purposes and to ensure their customers’ peace of mind when booking.
Large ATOL Holders
A number of large ATOL holders who may have a small non flight programme also choose to protect this portion of their business through ABTOT Membership and Travel Bond.
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