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WORLD TRAVEL HOLDINGS (WTH) MAKES INNOVATIVE ENHANCEMENTS TO TRAVEL INSURANCE PROGRAM
Nation’s Leading Travel Distributor to Offer
Comprehensive Cancellation Policy – Including Job Loss and Cancel for Any
Reason – on Cruise, Hotel and Villa Bookings
Woburn, MA – April 21,
2009 – World Travel Holdings (WTH), the nation’s leading multi-brand travel
distributor, today announced it has enhanced its company-wide travel insurance
program so that consumers can enjoy a worry-free cruise, hotel or villa vacation.
All WTH brands are offering the new policy, making it the most comprehensive
integrated trip cancellation insurance available today. The new program was
created after a positive response to the February launch of “CruiseAssurance,”
a job loss cancellation policy rolled out by CruiseOne and Cruises Inc., WTH’s
home-based cruise division.
“It is imperative that
travel providers continue revamping their insurance programs so that as we ride
out this economic storm, consumers can enjoy their right to book a vacation
with peace of mind,” said Brad Tolkin, Co-Chairman and Co-CEO of World Travel
Holdings. “After rolling out ‘CruiseAssurance,’ we saw an immediate uptick in
consumer confidence, realizing bookings from those who were on the fence.”
With the new WTH
insurance, consumers booking various types of travel can cancel for job loss
including lay-off or furlough, with a full refund*. In addition to CruiseOne
and Cruises Inc., the protection is now valid on bookings through Cruises Only,
Vacation Outlet, Cruises.com, Luxury Only and Cruise411.
WTH has also enhanced its
insurance program with Villas of Distinction (the company’s exclusive private
villa brand). Consumers can now cancel for any reason, receiving a 50%
reimbursement on their villa vacation investment. This marks the first time a
comprehensive cancel for any reason insurance has been available to luxury
villa travelers.
“In today’s economy, we
know that eliminating consumer doubt is crucial to our continued growth and
success,” said Tolkin. “We’ve seen an impact already with ‘CruiseAssurance,’
which is why we are now expanding that concept beyond cruise vacations into
other segments of travel.”
About World Travel
Holdings (www.wth.com):
Co-founded by
Brad and Jeff Tolkin in 2005, World Travel Holdings (WTH) is a multi-brand
travel distributor with three distinct divisions – owned, partner and home-based brands. Owned
brands include CruisesOnly, Cruises.com, Rooms.com, Vacation Outlet and Villas
of Distinction. Licensed partner brands include BJ's Vacations, Hotwire.com
Cruises, Priceline.com, Cruises, American Airlines Cruises and others.
Home-based brands include CruiseOne, a franchise organization and Cruises Inc.,
the original host agency network. Executive
offices are in Port Washington, New York with WTH’s corporate headquarters
office in Woburn, Massachusetts. Branch offices are located in California, Florida and Virginia.
* Underwritten by the National
Union Fire Insurance Company of Pittsburgh, PA. Currently authorized to
transact business in all states and the District of Columbia. NAIC No. 19445.
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