TICO to hold funding proposal consultations in October

The Travel Industry Council of Ontario (TICO) will conduct a broad and comprehensive consultation process with registrants and stakeholders in the coming weeks, according to a press release issued Wednesday (Sept. 13). 

The consultations will be about TICO's funding framework and fee model proposals, including the Compensation Fund.

Over the past year, TICO conducted a comprehensive funding framework review, including the Compensation Fund.

As part of the review, TICO says it sought input from Ontario consumers, registrants, and industry stakeholders. 

A comparator scan was conducted to understand practices and approaches taken by comparable travel regulatory bodies in other regions, including Quebec.

TICO reports that the proposals resulting from this review will be provided during the first week of October.

As well as hosting virtual and in-person sessions, TICO will also provide an online survey for feedback purposes.

For more information about the funding framework review, click here.

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