A bank guarantee for both a tour operator (whose destiny is to pack tours and form a package of services for tourists) and a travel agency (those who actually sell tours organized by the tour operator) is a prerequisite for the company's work in the tourism business. But for those and others, this is more than just the observance of the norms of the Law of Ukraine “On Tourism” and the requirements of the State Agency of Ukraine for Tourism and Resorts. This is a kind of business card for clients, a guarantee of ensuring the rights and interests of citizens in case the company is declared bankrupt or is unable to fulfill its obligations to tourists. And for the business of a tour operator / travel agency, this is reputation and customers.
Depending on what kind of tourism, domestic or foreign, provides a tour operator, depends on the amount of bank guarantee CONCORD Bank: