"Tourism Companies": Regulation to Be Issued to Counter Airfare Undercutting and Avoid Any New Crises

"Tourism Companies": Regulation to Be Issued to Counter Airfare Undercutting and Avoid Any New Crises

A meeting of the Aviation Committee of the Chamber of Tourism Companies and Travel Agents on May 26 produced a number of recommendations regarding the recent crisis that arose when a company defaulted on paying large debts owed to the International Air Transport Association (IATA), which affected the entire tourism sector. The meeting was attended by the chamber's chairman Hossam El-Shaer, committee head Nader Ayyad, board members and a number of owners of tourism companies represented on the joint tourism and aviation committee (APJC).

The recommendations state that selling airline tickets below cost is not permitted and is completely prohibited, and that a special regulation will be issued to counter the phenomenon of airfare undercutting. They also call for an urgent meeting with EgyptAir, attended by the head of the Aviation Committee and a number of owners of tourism companies represented on the joint tourism and aviation committee, to consult on regularizing the Egyptian market to achieve its stability and on regulating the relationship between airlines and ticket-issuing companies.

The recommendations also included holding a meeting with GDS booking system companies, together with the head of the Aviation Committee, a number of owners of tourism companies represented on the joint tourism and aviation committee and a number of companies working with corporate accounts, to try to reach rules for distributing the booking screens in order to avoid a repeat of the crisis.

It was also decided to hold a meeting with as many airlines as possible and the head and members of the Aviation Committee to discuss ways of cooperation in the coming period that guarantee the rights of all parties, eliminate any improper practices threatening market stability and protect the interests of all parties from harm.

Tags:#Travel Agencies#أزمة تذاكر الطيران#Aviation#Tourism#IATA