Bankruptcy of a Tourism Company: Money Back Mechanism in Russian Federation
Abstract
The main aim of this paper is to analyze possible ways for tourists to return money in case of travel company’s bankruptcy. Russian Federation doesn’t have a civilized legal mechanism for real tourist’s protection. There are many government agencies, professional and public unions, laws etc., but in real life all of them can only declare the tourist’s rights. In fact, even the State itself can’t get money from a bankrupt travel company. According to key findings, on Russian travel market the money back situation is very complicated. The article proposes a mechanism for full money back. Practically, the only option is chargeback.
References
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[4] Deukhee P., Woo K., and Choi, S. 2018. Application of social media analytics in tourism crisis communication. Current Issues in Tourism. 1-15. DOI:https://doi.org/10.1080/13683500.2018.1504900
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[6] Higgins-Desbiolles, F., Carnicelli-Filho, S., Krolikowski, C., Wijesinghe, G., Boluk, K. 2019. Degrowing tourism: rethinking tourism. Journal of Sustainable Tourism. 1-19. DOI:https://doi.org/10.1080/09669582.2019.1601732
[7] Hoffmann, T. 2012. The Phenomenon of “Consumer Insolvency Tourism” and its Challenges to European Legislation. Journal of Consumer Policy. v. 35., i. 4, p. 461–475. DOI:https://doi.org/10.1007/s10603-012-9207-8.
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[9] Kuzmina, M. 2019. Experience of World Bankruptcies: Reasons and Solutions. Vestnik of the Plekhanov Russian University of Economics. 5. 23-31. DOI: https://doi.org/10.21686/2413-2829-2019-5-23-31.
[10] Laiko, M.Yu., et al. 2018. The role of the tax free system in the development of inbound tourism in the Russian Federation. Modern Journal of Language Teaching Methods, 8(11): 31-37. DOI:https://doi.org/10.26655/mjltm.2018.11.1
[11] Liu, Y., Cheng, P., and Ouyang, Z. 2019. Disaster risk, risk management, and tourism competitiveness: A cross‐nation analysis. International Journal of Tourism Research, 6: 1-13. DOI:https://doi.org/10.1002/jtr.2310
[12] Mastercard Rules. June 25, 2019. Available at: https://www.mastercard.us/content/dam/mccom/global/documents/mastercard-rules.pdf
[13] Matsumaru, M., Kawanaka, T., Katagiri, H., and Kaneko, S. 2018. Prediction of bankruptcy on industry classification. International Journal of Japan Association for Management Systems, 10: 1-12. DOI:https://doi.org/10.14790/ijams.10.1
[14] Son, H., Hyun, C., Phan, D., and Hwang, H.J. 2019. Data Analytic Approach for Bankruptcy Prediction. Expert Systems with Applications. 138. DOI:https://doi.org/10.1016/j.eswa.2019.07.033
[15] The package travel and linked travel arrangements regulations 2018. Guidance for Businesses. Department for Business, Energy & Industrial Strategy 2018. Available at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/749498/package-travel-regulations-2018.pdf
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[17] Ural, M. 2016. Risk management for sustainable tourism. European Journal of Tourism, Hospitality and Recreation, 7(1): 63-71. DOI:https://doi.org/10.1515/ejthr-2016-0007
[18] Valedinskaya, E.N., and Astafeva, O.A. 2018. Innovative methods for demand stimulation in tourism industry. Astra Salvensis, 6(S): 613-626.
[19] Visa Core Rules and Visa Product and Service Rules. October 19, 2019. Available at: https://usa.visa.com/dam/VCOM/download/about-visa/visa-rules-public.pdf
Published
2020-02-21
How to Cite
KOZLOV, Dmitry Aleksandrovich.
Bankruptcy of a Tourism Company: Money Back Mechanism in Russian Federation.
Journal of Environmental Management and Tourism, [S.l.], v. 10, n. 8, p. 1742-1750, feb. 2020.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/4384>. Date accessed: 26 apr. 2024.
doi: https://doi.org/10.14505//jemt.v10.8(40).04.
Section
Article
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.