Peace of Mind with Every Adventure – Book Smart, Travel Safe
What is the Insolvency Fund?
The Insolvency Fund is a safety net for travellers, giving them peace of mind that they will not lose their money or get stranded abroad due to a travel company’s insolvency.
What Does the Insolvency Fund Consist Of?
The fund is financed through contributions made by licensed travel agencies and tour operators that are registered with the Malta Tourism Authority (MTA). By law, these contributions are collected and used to assist clients in cases where a travel company cannot fulfil its obligations.
Why Book with a Travel Agency that is Part of the Insolvency Fund?
Booking with a travel agency that contributes to the Insolvency Fund offers protection, reassurance, and reliability. Here’s why it’s so important:
- Financial Protection: Your payments are safeguarded. Should the travel agency stop operations, your hard-earned money is protected.
- Guaranteed Assistance: If you are abroad and your travel company becomes insolvent, the fund ensures you get the assistance you need to return home.
- Peace of Mind: Knowing your trip is financially secure allows you to focus on enjoying your holiday without worrying about “what if” scenarios.
The fund protects all clients, including foreign nationals, who book a package trip with a licensed Maltese travel agency.
The Risks of Booking with Companies Outside the Insolvency Fund
While some individuals, marketing themselves as “Travel Agencies” may offer tempting deals or discounted packages, not all are licensed or registered with the Insolvency Fund. This comes with significant risks:
- No Refunds: If the agency becomes insolvent, you risk losing your money entirely.
- Stranded Abroad: Without financial protection, there’s no guarantee you’ll have a way to return home.
- Unreliable Services: Companies that are not licensed may lack oversight, which could lead to disorganized trips, cancellations, or fraudulent practices.
No Accountability: Agencies not part of the fund do not comply with MTA regulations, meaning there’s little recourse for travellers if things go wrong.
How to check if a travel agency is part of the Insolvency fund?
- Always ensure the travel agency is part of the Insolvency Fund by verifying their Malta Tourism Authority (MTA) license number or asking for confirmation.
- Don’t be fooled! – A travel agency could have a license but this does not mean they are part of the Insolvency Fund. Check the Malta Tourism Authority website and if you have any doubts, you could always reach out to the MTA.
- Make sure that the travel agency sends out an official Insolvency Fund certificate once you paid the full amount before the trip begins.
Book with Confidence through a licensed Travel Agency, covered by the Insolvency Fund
At Global Travel Book, we are proud to be a licensed travel agency and a registered contributor to the Malta Tourism Authority’s Insolvency Fund. This means that when you book any trip offered on our platform (www.globaltravelbook.com):
- Your money is secure and protected.
- Your holiday plans are guaranteed to be fulfilled.
- You can travel with confidence, knowing that we comply with the highest industry standards.
Whether you’re planning a luxury getaway, a group tour, or a corporate retreat, you can trust Global Travel Book to provide a seamless, worry-free experience.
Travel Smart, Travel Safe
The Insolvency Fund exists to safeguard your travel plans and protect you from unexpected financial loss. Choosing a licensed travel agency, like Global Travel Book, ensures you can book with confidence, knowing that your dream vacation is backed by a reliable safety net.
Don’t leave your travel plans to chance—book with a registered agency and enjoy the journey with complete peace of mind.
Explore the world with Global Travel Book—secure, protected, and ready to make your next adventure unforgettable!
Visit us at www.globaltravelbook.com to start planning your next trip today.
