Travel Trust Accounts - protecting consumer money

The pandemic has highlighted major issues in the way in which travel companies handle consumer booking money, and how this is managed - where some companies have struggled to pay back customers when holidays have been cancelled because they have not protected these funds. We're joined by Jacqui Cleaver from Protected Trust Services as she explains the importance of ring-fencing consumer money and why more than ever we need transparent financial practices. We look into Package Travel Regulation compliance, the future of ATOL, and the pickle travel companies will find themselves in if they don't put new financial procedures in place to prevent consumer money being used as cashflow.Listen to more episodes of the hospitality industry podcast Travel Market Life and subscribe for the latest news at http://travelmarket.life/ Follow us on LinkedIn for more thought-provoking content: https://www.linkedin.com/company/travel-market-life/ Do you have a story to share about technology, digitalisation or culture changes within the hospitality and travel industry? We'd love to hear what your company is doing and the impact it is having. Please contact us through http://travelmarket.life/