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The Travel Corporation’s US$300 million promise to agents

The Travel Corporation’s US$300 million promise to agents

Tuesday, August 11, 2020

TORONTO — The Travel Corporation is making a multi-million dollar ‘Peace of Mind’ promise to its travel agent partners, divulging its financial position – with a war chest of fixed assets in excess of US$300,000,000 as of Dec. 31, 2019 – in an effort to reassure travel agents and their clients that its position amid the COVID-19 crisis is secure.

The Travel Corporation is a private and family-run business and has been for 100 years, and as such does not have to disclose its financial position, unlike a public company.

However TTC wants to puts the minds of its agent partners, and their customers, at ease. The company says it is fully accredited in all the countries they do business in across the globe, having built its operations gradually and conservatively over the years. The company now has some 40 brands including Trafalgar, Insight Vacations, Luxury Gold, Uniworld and Contiki, among others.

These challenging times “call for transparency and the reassurance of TTC’s current financial strength and integrity,” said the company in disclosing its financial information, “so that agents are fully aware that their clients’ monies and future travels are safe.”

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TTC says it is sharing the $300 million figure to give clients the comfort in knowing that the organization is highly solvent.

“As The Travel Corporation celebrates our 100th Year Anniversary, we continue to be a very stable and solvent company,” said Brett Tollman, Chief Executive of The Travel Corporation.

Tollman adds: “Our ‘Peace of Mind Promise’ gives the reassurance to our loyal Travel Advisors and their clients that their monies for future travel are safe and this goes beyond our commitment to having a memorable holiday with us.

“The guest experience is always at the heart of TTC and we have further enhanced our well-being protocols and added our brand-new Well-being Director positions as we look forward to warmly welcoming back each and every guest on a future trip.”

TTC’s refundable $99 deposit policy allows clients to secure the trip they want, risk free and with flexibility. Coupled with newly updated booking terms, which allows for free changes up and until 30 days prior to travel, clients can book with confidence and ensure a seamless payment experience, says TTC.

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If for any reason clients change their minds, they can choose new dates and/or a new destination without penalty on the land portion of their trips.

Agents looking for more information are asked to see TTC.com/Comfort or to contact their local Sales Manager.

 

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