Guarantees for the travel sector
Under travel guarantee legislation, all companies organising or procuring travel must deliver securities to the Legal, Financial and Administrative Services Agency, Kammarkollegiet. These securities provide a would-be traveler with economic compensation if a trip is cancelled or interrupted, or in case he or she reaches the destination but then must be repatriated. All travel firms must have a guarantee valid for at least six months of the year.
The law covers only package tour operators and not, for example, a company selling just flights or hotel stays. Even if such a company has a travel bond, it will not apply to trips comprising merely a flight or hotel.
Here you can read more about the most common guarantees in the travel sector:
Travel bond
Payment bond
Rental bond
