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Travel industry will run new insolvency protection scheme

Hendrik Doose/DRSF
"The clock is ticking": Andreas Gent and Thomas Schreiber are managing directors of the new fund.
"The clock is ticking": Andreas Gent and Thomas Schreiber are managing directors of the new fund.

German consumers will be protected against tour operator insolvencies in future by a new fund managed by the travel industry itself. The country's justice ministry has contracted a consortium of industry associations to run the fund with effect from November 1.

The consortium members of the new German Travel Protection Fund - Deutscher Reisesicherungsfonds (DRSF) – are the German Travel Industry
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