ACRO Global Tourism Marketer Articles: Lowcostholidays failure payout will likely result in higher package holiday prices from 2018

Lowcostholidays failure payout will likely result in higher package holiday prices from 2018
By

David
07 August 2017 (Edited )

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Irish Times

David H. Boggs

President/CEO
ACRO Global
Publisher
TourismMarketer

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Website	Visit Website http://www.lowcosttravelgroup.com/
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External Article: https://www.irishtimes.com/business/transport-and-tourism/why-the-price-of-sun-holidays-is-likely-to-rise-next-year-1.3173907

Comments on Lowcostholidays failure payout will likely result in higher package holiday prices from 2018

•David
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•David

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Posted 09 August 2017:

When Majorca-based Lowcostholidays failed in summer 2016, the Ireland Commission for Aviation Regulation (CAR) paid 3.5M euro to repatriate Irish tourists stranded abroad.

Because of that and other draws, the fund from which that 3.5M euro came has been drawn down to only 1.8M euro, and needs to be replenished.

To do that, CAR will collect a surcharge from agents and operators, and those amounts - maybe 3 to 5 euro per person per trip - will likely be passed along to consumers in 2018.

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