The Old-Guard UK Travel Players that Are Stifling Innovation
From the ATOL fees to rules set up by ABTA, it’s difficult to try out new ideas unless you have an influx of cash from the start.
Excerpt from Travel Weekly
… Innovative ideas come from fresh-thinking young people, but the barriers to entry into the travel industry are now so high that few bright young things see a viable way to start a travel business.
When you apply for an Atol you have to lodge an expensive and sometimes unobtainable bond for four years in addition to paying the £2.50 per passenger Atol Protection Contribution, whereas the established competition does not have to provide any bonding.
How can that be fair? It is simply anti‑competitive.