24 Jan

ABTA to engage members and wider industry on ATOL reform proposals

ABTA – The Travel Association has welcomed the CAA’s update on ATOL reform and request for information from the industry.

ABTA says that it is right the Civil Aviation Authority (CAA) has provided its latest thinking, and that businesses will be invited to share views before firm proposals are developed, particularly as the first-stage consultation occurred at the height of COVID-related disruption within the industry.

ABTA will be responding to the CAA and has put in place plans to engage with members and the wider industry to inform its response.

As part of its process ABTA will be reconvening its focus groups on financial protection, which include representatives from the travel industry and the main financial services sectors, including banks, merchant acquirers, bond obligors and financial failure insurance providers. 

The ABTA-led groups originally met in the summer to exchange views on current financial protection arrangements and the existing proposed options under the CAA’s ATOL Reform consultation. The groups also gave consideration to areas of duplication and/or overlap that could be removed or streamlined by changes to the ATOL scheme and/or longer-term revisions to the Package Travel Regulations (PTRs) which are currently under a separate review by the Department for Business, Energy and Industrial Strategy (BEIS). 

Mark Tanzer, Chief Executive of ABTA – The Travel Association said:

“We’re pleased to see the CAA publish this update on ATOL reform. It has been much-anticipated and today’s development is the next step in reaching clarity about future regulations and requirements.

“We’ll be consulting with our members to get their insight, and also bringing together representatives from the wider financial protection landscape in February. We’d really encourage members to engage with our process so that we can provide an informed and constructive response to influence the CAA’s decisions.”

Notes to editors
ABTA is a trade association for UK travel agents, tour operators and the wider travel industry. We’re the largest travel trade body, with over 3,900 travel brands in membership who have a combined pre-pandemic annual UK turnover of £40 billion. We work closely with our members to help raise and maintain standards and build a more sustainable travel industry, and provide travellers with advice, guidance and support.

Our members sign up to a code of conduct and commit to agreed service standards and fair trading. When you need clear travel information, and accurate and impartial advice relating to your trip, we’re here for you. We’ll help you understand your level of financial protection, and what to do next, in the unlikely event that an ABTA member goes out of business. So, whatever happens, when you book with an ABTA member, reliable advice comes as standard. This means that booking with our members brings peace of mind. Together with our members, we help you travel with confidence. www.abta.com