Online travel agency On the Beach has received its full financial protection licence from ATOL and an ATOL/ABTA approved trust fund. The OTA now offers 100% protection including individual elements such as scheduled flights and hotel only and is thought to cover up to 300,000 passengers a year. Flights with low-cost carriers are also covered through On the Beach’s airline failure insurance and a new ATOL/ABTA approved On the Beach Trust Fund. The fund will also cover overseas hotel accommodation, transfers, airport parking and car hire. “Financial protection for holidaymakers has been a major topic for some time now and we feel that in the current climate, we must provide even greater financial protection for our customers,” said Wendy Parry, chief financial officer at On the Beach. “Over the past few months, we have developed the perfect solution for our customers having worked with the CAA. Our new ATOL licence and our ATOL/ABTA approved trust fund will allow customers to book in complete confidence, safe in the knowledge that their holiday is 100% protected whatever travel component is booked.”
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