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Industry: Email Alert RSS FeedUSTOA Board meets in Tokyo to revamp $1 million bond. (In the News).(United States Tour Operators Association)(Brief Article)
Travel Agent, March, 2002 by Schiller, Kristan
NEW YORK--Between steam baths and sushi, the U.S. Tour Operators Association (USTOA) Board of Directors met last week in Tokyo to address, among other topics, alternatives to its current $1 million bond.
Just two weeks ago, USTOA member Globus & Cosmos, widely considered to be the largest value-added tour operator in the U.S., unveiled its own $10 million bond, citing a desire to provide a better "level of comfort" for its clients. This came on the heels of Tauck World Discovery's New Year's announcement of a bond in the same amount.
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