02 April 2008

Travel Agents dropping like flies... again

The latest numbers from the UK's CAA - the official licencing body for UK Travel Agency bonding via its ATOL scheme - show a decline of 252 agencies who were not renewed. This comprises agents who have gone out of business, failed to meet the requirements or were just too late. Essentially this represents a pretty heavy drop of agents who have fallen by the wayside.

It is interesting that the UK market system with bonding has actually preserved the small agent longer than the US system who saw their peak in 1998 and now is just a shadow of its former self.

Sad really. They were warned!ATOL

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