The Travel Corporation (TTC) and its portfolio of 40 travel brands have announced its $300 million “Peace of Mind Promise” to its loyal Travel Advisor community and their clients.
As a privately-owned company, information around the financial status of the business is not released. However, these challenging times call for transparency and the reassurance of TTC’s current financial strength and integrity. The company has decided to share tangible financial information so that agents are fully aware that their clients’ monies and future travels are safe.
Within the group of TTC brands is the five-star Red Carnation Hotels (RCH was just named the 4th Top Hotel Brand in the World by Travel + Leisure magazine – July 2020) which owns 14 exceptional properties, situated in prime locations around the world including the highly anticipated opening of their Xigera Safari Lodge. RCH is audited by the international accountancy firm, Mazars, which confirms that the company has unencumbered fixed assets in excess of $300,000,000 as of December 31st, 2019. TTC is sharing this solely to give clients the comfort in knowing that the organization is highly solvent.
“As The Travel Corporation celebrates our 100th Year Anniversary, we continue to be a very stable and solvent company. Our “Peace of Mind Promise” gives the reassurance to our loyal Travel Advisors and their clients that their monies for future travel are safe and this goes beyond our commitment to having a memorable holiday with us,” said Brett Tollman, Chief Executive of The Travel Corporation. “The guest experience is always at the heart of TTC and we have further enhanced our well-being protocols and added our brand-new Well-being Director positions as we look forward to warmly welcoming back each and every guest on a future trip,” he concluded.
In direct response to clients’ needs for more flexible booking options in a post-COVID-19 world, TTC has implemented a refundable $99 deposit*, which allows guests to secure the trip they want, risk-free. Combined with amended flexible booking terms, customers are allowed to make free changes up and until 30 days prior to travel.