PROBLEMS OF THE LEGAL NATURE OF THE FINANCIAL SECURITY OF TOUR OPERATORS’ ACTIVITY

Abstract

The paper discusses the problems of the legal nature of the financial security of tour operators’ activity. The authors consider the mechanism of insurance or bank guaranty as a form of provision of the tour operators’ financial liability. These forms are targeted at protecting some of the tourists’ financial interests, but still do not imply the full satisfaction of the tourist’s demands. The authors conclude that the financial security of tour operators’ activity creates a protective legal relationship, is linked to the tour operators’ failing to fulfill their obligations given in the contract, and should be activated for minimal protection of the rights of tourists or consumers of tourism products.

Keywords

• law
• right
• tourism
• tour operator
• insurance
• bank guaranty
• financial liability
• tourism product