None of the travel service contracts submitted to Turpomoshch for payments from the personal liability funds of tour operators who have ceased operations fully comply with Russian law. This was stated by the director. Alexander Osauenko's Association during a working meeting with the heads of tour operator companies in St. Petersburg.
According to him, the association currently maintains four registers of payments to tourists from the personal liability funds of tour operators that have ceased operations. "None of the travel service agreements we received as part of the payment packages fully complies with Russian legislation—I say this with complete confidence," the director of Turpomoshch emphasized. "Of the entire array of tourist/agency agreements with companies that have left the market, no more than 18% can be considered to any degree—the rest are simply legally incorrect," the press service of the Northwestern branch of the Russian Union of Travel Industry (RST) quoted Alexander Osauenko as saying.
Furthermore, the head of Tourpomoshch pointed out the problem of obtaining financial guarantees for tour operators operating in outbound destinations. According to Osauenko, due to the crisis in the insurance market and stagnation in the tourism sector, many companies are forced to obtain financial guarantees in parts from different insurers and issue insurance contracts two or three times a year. According to the association, last year, 42% tour operators operating in the outbound segment were forced to obtain new financial guarantees two or more times due to the bankruptcy of their insurers.
Source: trn-news.ru