What does the acronym TICO stand for?

The acronym TICO stands for the Travel Industry Council of Ontario. This organization is established to regulate the travel industry in Ontario, ensuring that consumers are protected and that travel agents and wholesalers comply with the regulations set forth under the Ontario Travel Industry Act. TICO provides oversight for the travel sector, promoting ethical business practices and ensuring that travel companies are adequately registered and financially stable.

Understanding its full name is important because it reflects TICO's role as a regulatory body specifically focused on the travel sector within Ontario, distinguishing it from other organizations that may focus on tourism promotion or compliance in different capacities. The other options, while they may contain elements related to travel and tourism, do not accurately define the council's role or scope in Ontario.