We urge all travellers to check the veracity of websites' claims to hold an ATOL
by using our Check an ATOL
tool on the CAA website.
And almost half (43 per cent) of holidaymakers see ATOL
protection as a 'holiday essential.
This is in stark contrast to those who are over 55 - who are three times more concerned about having ATOL
protection when booking a break.
Having an ATOL
certificate means that your holiday is financially protected, so if the worst happens and your travel company goes bust, you will still be able to get home and will not lose your hard-earned cash.
But it emerged on Tuesday that the vast majority of the 860,000 people who had flights and holidays cancelled will not receive an automatic refund, with administrators KPMG estimating that just 10%-15% of customers have bookings protected by Atol
protection will mean they will get a full refund.
com exaggerated Atol
protection, with the former incorrectly telling researchers "on several occasions" that they would be covered despite only purchasing a flight.
A CAA statement said: "The Atol
renewal process is ongoing and the CAA will conclude the processing of applications from approximately 1300 Atol
holders in the next 24 hours.
The new legislation will ensure ATOL
protection extends to passengers who book flights, hotels or car hire that are not sold as package holidays.
If they're redirected within 24 hours of booking seats, they will be covered by ATOL
from next year.
Most UK tour operators are required to hold an ATOL
licence, without which they cannot usually sell air travel.
In a statement, Monarch said: "Monarch has successfully concluded discussions with the Civil Aviation Authority to extend its ATOL
licence, for which it thanks the CAA.