What is the role of the Alternate Finance Committee within TICO?

The role of the Alternate Finance Committee within the Travel Industry Council of Ontario (TICO) is primarily to recommend alternative financing methods for the Compensation Fund. This fund is crucial for protecting consumers in the travel industry, ensuring that they are compensated in the event of a travel agency or tour operator going bankrupt or failing to provide the services paid for.

By focusing on alternative financing methods, this committee seeks innovative and sustainable ways to maintain and enhance the financial security of the Compensation Fund. This is essential for maintaining consumer confidence in the travel industry, as it works to safeguard travelers' interests.

The other options do not align with the primary responsibilities of the committee. The handling of complaints against TICO, development of marketing strategies, and addressing e-commerce issues are not the direct focus of the Alternate Finance Committee. Understanding this committee's specific mandate helps clarify the broader governance and operational structure of TICO within the travel sector.