Typically, the travel company pays the hotels their money 60 days after the guests leave. This term of payment is not exactly popular with hoteliers, as they need coal as soon as possible in the difficult times of Corona. Tour operator TUI is said to have now completely overstepped the curve: the group has submitted changes to the contract, due to which the Greek hotel partners would have to wait until March 2021 for their money for services this year.
And the industry cannot afford that. While one person concerned wants to end the agreement with the tour operator who has been rescued for the time being, a party in Greece even brings politics into play. This should put pressure on TUI. The controversial company also took a position on it. A large part of the payments for summer 2020 have already been paid. Talks have been started with a “small percentage” of hotel partners in Greece and Spain in order to discuss payment terms and jointly discuss possible solutions, such as Reisevor9.de reported.