Those whose trip was canceled due to Covid have until the end of the following week to redeem any unused vacation certificates.
According to the Civil Aviation Authority, if coupons are not used quickly, travelers may forfeit their vacation if the company they booked with goes bankrupt (CAA).
Approximately £30 million worth of holiday vouchers distributed during the pandemic have yet to be used, according to the regulatory body, which urged recipients to book their trips by September 30.
If they are not utilized by the end of the next week, travelers risk losing their money.
Those whose trip was canceled due to Covid have until the end of the following week to redeem any unused vacation certificates. If they are not redeemed and the travel agency goes bankrupt, travellers risk lose their vacation.
Travel companies issued refund credit notes (RCNs) to consumers whose package vacations were canceled owing to the coronavirus outbreak.
This protection will cease at the end of the month for any vouchers issued between March 2020 and December 19, 2021, meaning that holders will not lose out if the company with which they booked goes bankrupt.
Michael Budge, the head of Atol, which is administered by the CAA, stated, “We are again recommending travelers to use their refund credit note to book another ATOL-protected trip, or to request a refund from their travel operator.”
This will affect clients of some of our largest travel companies, therefore our message is straightforward: this is your final opportunity to continue to be financially protected by the ATOL scheme.
Any vouchers issued between March 2020 and December 19, 2021 were protected by the ATOL scheme, so holders would not lose anything if the company they booked with went bankrupt; however, this protection will expire at the end of the month.
Even if your refund credit note is valid after September 30, it will not be protected by the ATOL.
It is preferable to err on the side of caution, so we are asking anyone still in possession of one of these refund credit notes to act immediately.
When package vacations were canceled due to the pandemic, consumers were legally entitled to cash refunds within 14 days, but many travel businesses gave RCNs as an alternative to improve their cash flow.