Political Quotes

“today I am introducing the Tour Operators Up-front Deposit Relief, TOUR, Act. This legislation codifies a longstanding practice used by the tour operator industry to account for prepaid deposits received in advance of a customers travel. A tour operator puts together travel "packages" often involving a number of different elements: airlines, ground transportation, hotels, restaurants, local guides and other services for one or more destinations. Services often include the direct provision of tour components such as motor coaches. The packages are sold to the public, usually through travel agents. Approximately 70 percent of retail travel agent sales involve tour operator packages. A vacation package combines multiple travel elements into an all-inclusive price. A tour is a trip taken by a group of people who travel together and follow a pre-planned itinerary. In both instances, the travel has been planned by professionals whose group purchasing power insures substantial savings. In addition, prepayment covers all major expenses which minimizes budgeting concerns. Tour operators employ a long standing, universally accepted method of accounting which recognizes deposits as income upon the date of departure of the passenger.”