SGR launches fund for mice market: SGRZ

SGR is launching a guarantee fund for the business market on January 1: SGRZ. The new guarantee fund operates on the basis of product coverage, which MICE companies in particular can benefit from.

Marijke Vink’s GI Travel became the fund’s first participant as of January 1. With the establishment of the new fund, SGR is anticipating the new Travel Contracts Act that will come into effect on January 1, 2018, under which business travel must also be provided with a guarantee.
‘With SGR, the coverage lapses if one of our participants resells a business package, adds something to it or even does not tell the customer at all where he has purchased the package. That was also the case with the bankruptcy of Oad, when many customers suffered losses,’ says SGR director Erik Jan Reuver in TravMagazine of Friday, November 25.

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This article is written by

Theo de Reus