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TICO Board approves Travel Compensation Fund claims

  • Buzz
  •   05-27-2021  7:09 am
  •   Pax Global Media

TICO Board approves Travel Compensation Fund claims
Pax Global Media

The Travel Industry Council of Ontario’s (TICO’s) Board of Directors has approved four claims protecting five consumers against Gideon Travel & Tours Ltd. for a total amount of $2,250, the travel regulator said on Wednesday (May 26). 

The consumers did not receive the travel services for which they had paid, TICO said. As such, Gideon Travel & Tours’ registration was terminated on October 5, 2020.

The Ontario Travel Industry Compensation Fund is wholly financed by the industry to protect consumers who do not receive the travel services for which they paid, due to the insolvency or bankruptcy of an Ontario-registered travel agency or travel wholesaler or due to the cessation of an end supplier airline or cruise line. 

The Fund only covers consumers who have booked through an Ontario-registered travel agent. The Fund is administered by TICO. 


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