
DRSF initiates final reimbursement phase for FTI customers
The German Travel Guarantee Fund (DRSF) has initiated the final phase of reimbursement for customers affected by the insolvencies of the tourism companies FTI and Big Xtra. To date, approximately €260 million has been paid out to approximately 180.000 applicants. According to the fund, approximately 22.000 consumers who booked package holidays or linked travel arrangements have not yet submitted a claim. The DRSF calls on these individuals to contact the fund immediately to receive the refund to which they are entitled. Applications can be submitted online via the refund portal or by mail. The fund points out that applications can still be submitted until the end of 2027. This deadline is based on the statutory limitation period under the German Civil Code. The DRSF was introduced following the insolvency of Thomas Cook to prevent future financial losses for package holidaymakers in Germany. The insolvency of the FTI Group is considered the first major test for the new guarantee system. The payouts made so far show that the system is intended to protect the financial claims of affected customers under package travel law in the event of insolvency.








