Consumer protection: New risks in the travel industry |
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Consumer protection: New risks in the travel industry
Adobe PDF Format - 799K
This paper looks at the changes in the travel industry consumer protection
rules on 1 April 2008 and the less obvious consequences that have become
apparent in the year following these changes. It studies how and why the travel
agent may no longer be the agent in all cases; it looks at the accounting, tax
and some of the legal implications that arise due to the change in status from
agent to principal. It also looks at the financial statements of ATOL holders
and asks if the answer to the question of whether the company is at risk of
airline failure will be found there.
Accounting for Travel Agents podcast
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