The Travel Corporation (TTC) has unveiled a US$300 million Peace of Mind promise as way of reassuring its travel agent partners of the company’s financial health.
The promise sees the company divulging that it has fixed assets in excess of US$300,000,000 as of December 31, 2019.
As a privately-owned company, TTC said that information around the financial status of the business is usually not released.
“However, these challenging times call for transparency and the reassurance of TTC’s current financial strength and integrity,” it said in a statement.
The company owns 40 travel brands including Trafalgar, Insight Vacations, Contiki, Uniworld, Red Carnation Hotels, and Luxury Gold.
TTC CEO Brett Tollman said: “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.”