The Travel Trust Association exists in order to protect you, the customer, with 100 percent financial protection a and has been doing so for over fifteen years. This means that every penny that you pay to a member of the TTA is protected by the Travel Trust Association.
TRAVEL TRUST ASSOCIATION – Keeping you financially protected
What does it mean if a company is a member of Travel Trust Association?
It means that you can book your holiday secure in the knowledge that the Travel Trust Association will protect you in the unlikely event of a member becoming insolvent. Should a member of the Travel Trust Association for any reason financially fail or cease trading, the Travel Trust Association will liaise with the suppliers and Tour Operators to ensure that you holiday goes ahead unaffected. If for any reason this is not possible, we will administer a claim for a refund of money that you have paid to a member for your holiday.
How does Travel Trust Association provide 100% financial protection for me?
- Every Travel Trust Association member deposits your money into the Trust Account.
- A Trust Account is a bank account designated to hold the customers’ money.
- Your money remains in the Trust Account and is supervised by an appointed Trustee who is either a banker, chartered or certified accountant or a solicitor. Both the Travel Trust Association members AND the Trustee are required to authorise payments from the Trust Account.
In addition to being held in trust, you also have a financial guarantee from the Travel Trust Association.
TTA will guarantee the financial obligation of its Members up to a maximum of any one passenger of £11,000.
So if you paid £2000 we guarantee we will reimburse the loss of the £2000, from the Trust Account.
What is Tennis in the Sun goes Insolvent
- Should the TTA member become insolvent, in most instances your money will still be held within the TTA member’s Trust Account by the designated Trustee, and available to pay for your holiday.
- If, because of fraud or dishonesty the money is not there, then the guarantee is available to reimburse your loss.
- In some cases your holiday may continue as the providers or suppliers have already been paid.
- Where you have only paid a deposit and still have an outstanding balance, your holiday may be unaffected and by paying the balance your holiday will continue as planned. Where possible, attempts will be made to ensure that you can carry on with your original holiday arrangements.