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'We've got a month to look at PTR'

'We've got a month to look at PTR'

Meanwhile, Abta is writing to members to ask how their businesses will be affected by the new PTRs.


Members are being contacted by their Abta account managers and asked to forecast their revenue again under the new environment set out by PTR, including how many of the new Linked Travel Arrangements (LTAs) they are likely to be selling from July 1.


John de Vial, Abta’s director of financial protection and financial services, said: “We’ve got a month, during June, to look at what they are doing.

 

"We will be asking them to take a view on what’s likely to happen from July 1 through to the next renewal.”


De Vial admitted it was “very difficult” for members to make forecasts accurately at this stage, particularly as the guidance notes on PTR have not been published yet.


“When you get into trading in this new environment, you will perhaps be selling more or fewer LTAs than you expected,” he added.

 

“I suspect that it will take a year to 18 months – when you’ve been through a full cycle – before you are going to reach equilibrium.”

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