caa a22 4500 477046754 CHVBK 20180405111332.0 cr unu---uuuuu 170330e19960901xx s 000 0 eng 10.1007/BF00411412 doi (NATIONALLICENCE)springer-10.1007/BF00411412 Guarantee funds for the travel industry: Protection of the consumer against the insolvency of his organizer/retailer [Elektronische Daten] [Harald Halbhuber, Ewould Hondius] Garantiefonds für die Reisebranche: Schutz des Verbrauchers bei Insolvenz seines Reiseveranstalters oder -büros One of the problems addressed by the EU Directive on Package Travel (1990) is that of travellers who find themselves stranded in their holiday destination when their tour operator suddenly goes bankrupt. The recent insolvency of Austrian and German tour operators illustrates the relevance of this question. This paper argues that travellers should be protected against the risk of insolvency of tour operators. The paper sets out the reasons for this, the various ways of insolvency protection, and the implementation of the Package Travel Directive. It then sets out what is secured by the guarantee, the obligations of the organizer and retailer, the cross-border implications, the possibility to choose freely the means of security, guarantee funds, insurance and social security, bonds and guarantees, trusts, and EC implications. It is argued that Member States should provide a higher standard of protection than the minimum standard of the Directive. A traveller should be entitled to compensation not only for immaterial damage but also for pure economic loss, such as the higher costs of an equivalent trip. The paper also argues that refund of prepayments should not be limited to the period before the trip has started. The traveller should also be reimbursed for extra costs incurred if he decides to stay at his destination. Finally, a traveller should be entitled to take care of his own repatriation, should he wish to do so. The paper finally argues that Member States should be held liable for late implementation of the Directive. Kluwer Academic Publishers, 1996 Halbhuber Harald aut Hondius Ewould aut Journal of Consumer Policy Kluwer Academic Publishers 19/3(1996-09-01), 305-337 0168-7034 19:3<305 1996 19 10603 https://doi.org/10.1007/BF00411412 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00411412 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Halbhuber Harald aut NATIONALLICENCE 700 1- Hondius Ewould aut NATIONALLICENCE 773 0- Journal of Consumer Policy Kluwer Academic Publishers 19/3(1996-09-01), 305-337 0168-7034 19:3<305 1996 19 10603 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer