New York-based Isramworld, a tour operator that manages
several brands, has resigned its membership in the U.S. Tour Operators
Association (USTOA).
“A restructuring of our operations late
last year has shifted our business model and operations to new areas of growth,
and as a result Isramworld will take a temporary step back from its active member
status with USTOA,” said Richard Krieger, president of Isramworld. “As business
progresses and expansion targets are met, we look forward to discussing with
USTOA our return to active member status in the not-too-distant future.”
Last December, Isramworld stopped selling Israel as a
destination. That business has been taken over by Isram Israel, an
Israeli company with no corporate ties to Isramworld.
“Travel agents should be aware that deposits made to IsramWorld
on or prior to June 17, 2016, are protected under the USTOA $1 Million
Travelers Assistance Program,” said USTOA CEO Terry Dale. “Client deposits
thereafter will not be covered by the USTOA program.”