I have been into travel agents today looking for a 'late deal' - unfortunately when you only have the ONE island in mind...and resort AND leave from your local airport , theres not much on offer!
BUT the nice travel agent said, never mind September 11 -book for NEXT summer prices to Greece are going to be a lot lower
Message posted by janmanessi on 30 July 2011 at 8:23pm - IP Logged
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Viv- agree the prices are appalling BUT they are accepted when on commitment because it is a guaranteed income whether occupied or not- also the apartment owner does not have to spend any money on publicity themselves, as well as facing the insecurity of being in competition with all the other independent apartments...sure there are many more independent beds on Corfu than there are independent seats on planes!
Message posted by mousey on 31 July 2011 at 8:17pm - IP Logged
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I agree with Jan, I think I am correct in saying that they get a payment upfront early in the year...which helps their cashflow in the winter when they are on contract. In todays market being independent seems to me to be a somewhat more exposed strategy.
Message posted by NIGEL on 31 July 2011 at 8:24pm - IP Logged
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I thought it was the other way round, payment at the end of the season by British TO's?? Lots of people got burnt with the collaspe of Golden Sun, Kosmar and Libra. The good independants are thriving because they invest their earnings and upgrade their properties. I could name four in Agios Gordios where you have to book a year in advance.
Message posted by mousey on 31 July 2011 at 10:22pm - IP Logged
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I do wish all the independents all the success possible and admire their constant reinvestment in their business.
A standard contract for a season would provide for a deposit at the start of the season with stage payments.
Some tour operators have had problems getting a contract in place without these terms this year due to the collapse of operators and uncertainty you mention Nigel.
Message posted by janmanessi on 31 July 2011 at 10:51pm - IP Logged
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Unless things have changed a lot payment by commitment is on contract with specified dates for payment of each percentage.
Allotment bookings are paid when clients have departed.
Whilst agreeing that tour operators are FAR from perfect a lot of delay in suppliers getting paid is due to the Corfu local agent retaining the money paid to them by the tour operator (on time) to distribute- can be over a year in some cases!
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, theres not much on offer! 
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