The U.S. Tour Operators Association (USTOA) said IsramWorld has resigned its membership after restructuring its operations and has ceased participating in UTOA’s $1 Million Travelers Assistance program effective June 17. IsramWorld includes such brands as Latour, EuropeToo, Isram, Elite Travel Collection, Asian Vistas, Belder Gray, Prideworld and A Women’s View.
“Travel agents should be aware that deposits made to IsramWorld on or prior to June 17, 2016 are protected under the USTOA $1 Million Travelers Assistance Program,” said USTOA President and CEO Terry Dale. “Client deposits thereafter will not be covered by the USTOA program.”
Richard Krieger, president of IsramWorld, said restructuring of the company’s operations late last year has shifted its business model and operations. As a result, he said, IsramWorld will take a temporary step back from its Active Member status in USTOA, which it has belonged to since 1980.
“As business progresses and expansion targets are met, we look forward to discussing with USTOA our return to Active Member status in the not-too-distant future,” Krieger said.