Selling luxury holidays or complex dynamic packages (e.g., to Saudi Arabia) has often hit one major barrier: the client's fear of losing money. A new strategic agreement between ECTAA and Trip Guaranty Group (TGG) removes this blockade once and for all.
Every travel agent and tour operator knows this scenario. The client loves the offer, the itinerary is perfect, but when looking at the final price—often thousands of dollars/euros—hesitation kicks in: "What if my plans change? What if the global situation gets worse?"
The traditional industry answer—"Please purchase cancellation insurance"—is no longer enough. Clients know that old-school policies only work in dramatic circumstances (illness, accident, court summons). They do not protect against a simple change of mind.
That is why the collaboration between ECTAA (The European Travel Agents' and Tour Operators' Associations) and Trip Guaranty Group (TGG) is a game-changer. It introduces a solution that fundamentally shifts the balance of power in the market.
The key to understanding this revolution is that in this model, financial risk is borne neither by the client nor by the travel agency. The risk is entirely taken over by an external guarantee provider.
How does this work in practice with Dynamic Packaging?
The mechanism is simple and can be systematically "plugged in" to the booking process:
This solution brilliantly reconciles interests that were previously contradictory: the client's need for flexibility with the organizer's need for financial stability.
1. The Client's Perspective: "I pay for peace of mind" For the tourist, this marks the end of reading the "fine print" in insurance terms and conditions.
2. The Industry Perspective (Agent, Tour Operator, DMC, Hotel): "The commission stays with us" This is the most critical update for the B2B market. When a client cancels a trip under this guarantee:
For Dynamic Packaging technology, this is the missing link. Often, the most price-competitive packages are built on non-refundable services (Low-Cost flights, "early bird" hotel rates). Until now, selling such offers carried the risk of client dissatisfaction in the event of cancellation.
Now, we can combine fire and water:
The introduction of this standard by ECTAA (The European Travel Agents' and Tour Operators' Associations) is a signal that the travel market is maturing. We are moving from a model of "insuring against disasters" to a model of "managing freedom of choice." In an era of uncertainty, this peace of mind is the most valuable product we can sell.
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