Protection from failure of the Global Travel Group.
In the event of the Global Travel Group’s insolvency, both the consumer and the supplier’s are protected by the use of a client account. The Global Travel client account is set up in the same way as a trust account. Money is held on behalf of third parties, being the customer and the suppliers, and the account is therefore not considered an asset of the company. Should the Global Travel Group fail the account is not available to creditors, liquidators or company administrators so the customers money and travel arrangements are protected.
Protection from failure of an individual Global agent.
All Monies paid to individual Global agencies are banked into the client account. At no time is the money held by the individual branch and is therefore under the control of Global Travel’s Head Office. Should an individual agency fail, the cleints money is protected as it remains in the control of Global Travel Head Office who will take over the administration of the customers booking protecting their travel arrangments.
