Travel Recovery: What does our future hold?
Travel Recovery: What does the future hold? Trust My Group – Interview with Will Plummer Hi Will, now that travel is restarting around the world, what role do you think financial protection will play? Has the pandemic increased the need for financial protection?“I truly believe financial protection will play a bigger part than ever […]
Three ways using Trust My Travel will benefit your business
Three ways using Trust My Travel will benefit your business It is a difficult time to be a travel business. For months, the pandemic decimated demand for travel and restrictions limited people’s options and reduced their confidence in the sector. The situation worsened when some travel businesses acted deceptively to protect cash flow, further degrading […]
The travel industry is finally pivoting towards trust accounts
The UK’s top package holiday companies have said that it is “inevitable” that the trade will have to segregate customer money in a separate account if the Atol system is reformed. The Civil Aviation Authority (CAA) is currently considering more than 300 responses to its consultation on potential reforms to Atol and wants customer payments […]
Why should I consider using a trust account?
Why should I consider using a trust account? Demand for trust accounts has grown considerably over the last year as more travel companies recognise their benefits. The pandemic highlighted significant financial protection failings, and for some time, travel providers were plunged into payment-related chaos. Sadly, this chaos led to insolvency for a portion […]
Travel Trust Accounts – Cashflow Nightmares…
Travel Trust Accounts – Cashflow Nightmares or Sensible Business Strategy? For many travel companies, especially start-ups and small businesses, trust accounts provide the only available and affordable solution to meet the Package Travel Regulations – especially if having a merchant account is a requirement. At Trust My Travel we often get told by prospective members […]
