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IsramWorld Announces USTOA Resignation, Withdrawal From Assistance ProgramJune 23, 2016 By: Newswire
|Photo by Freeimages.com/Oden Jaeger|
IsramWorld has resigned is membership in the U.S. Tour Operators Association (USTOA) effective June 17 following a restructuring of its operations. As a result, it has also ceased participation in the USTOA $1 Million Travelers Assistance Program.
IsramWorld includes the Latour, EuropeToo, Isram, Elite Travel Collection, Asian Vistas, Belder Gray, Prideworld and A Women’s View.
Deposits made to IsramWorld on or prior to June 17 are protected under the USTOA $1 Million Travelers Assistance Program, but client deposits after that will not be covered, said USTOA President and CEO Terry Dale in a written release.
President of the IsramWorld Portfolio of Brands Richard Krieger said that IsramWorld is taking “a temporary step back from its Active Member status with USTOA” after a restructuring of the company’s operations late last year shifted its business model, and that the company looks forward to discussing with the USTOA a return to Active Member status “in the not-too-distant future.”