
The new European package travel directive is already on OTAsOTAAn online travel agency is a channel that sells accommodation and travel online in exchange for a commission. Booking.com and Expedia are the biggest. They bring volume and visibility, but charge commissions that eat...' radar, and for good reason. According to Hosteltur, online travel agencies will have to update their technology to handle payments, cancellations, vouchers and claims with much greater accuracy than before.
Christian Lucas from Central de Vacaciones makes it clear: the direct impact will be on liquidity, especially for SMEs. They will need to provide better information on package holidays and manage timing mismatches between advances and refunds. The result? Compliance costs go up.
My take: this is an opportunity for those who get their tech act together. Agencies that automate processes properly will come out stronger, while those still patching things up will struggle. Traceability isn't a regulatory whim, it's a competitive advantage if you turn it into customer trust.
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