ABTOT is the Association of Bonded Travel Organisers Trust. We currently have around 200 established niche tour operators trading in the UK. Our members range from SMEs trading less than £250k to over £200m a year.
ABTOT is an approved body (approved by Department for Business, Energy and Industrial strategy) which oversees the bonding process to ensure that a Travel Organisers bond is at an adequate level to meet insolvency requirements as defined by The Package Travel and Linked Travel Arrangements Regulations 2018.
Our mission is to provide a seamless and efficient process, a bespoke travel bonding solution at reasonable rates for travel companies to comply with the travel regulations.
Our Travel Bonds and Financial Failure Insurance are provided by our sister company Travel and General Insurance Limited (t&g) who provide travel bonds to around 700 travel companies in the UK.
t&g are excellent at understanding the niche tour operators’ business model which is why so many ABTOT members specialise in;
- Adventure Travel
- Cultural, Creative and Art Tours
- Luxury Travel
- Responsible Tourism
- Accommodation only – Villas, Hotels,
The CAA approved ABTOT as a Franchise holder in 2017 enabling ABTOT members to apply for an ATOL through their membership without having to meet the CAA’s increased bonding, financial criteria and audit requirement.
Our ABTOT ATOL franchise is up to 1,000 passengers per year in conjunction with ABTOT Merchant Acquiring Facilities. A higher number of passengers per year can be offered on a case by case basis.
The ABTOT merchant acquiring facility is provided by Paysafe who process millions of transactions worldwide and won best merchant acquirer/processor at the Payment Awards 2016.
We understand the challenges of SME operations and can provide different payment options for bonding.
Our business development team take time to understand each applicant’s business before recommending a bonding solution and can be contacted anytime between 8:30 am and 17:00 Monday to Friday.