By Don Douloff, April 23, 2009
Conquest Vacations’ bankruptcy has left industry observers wondering if other tour-operator closures could be in the cards, given the ongoing tough economic conditions and the slowdown in tourism business.
Moreover, the closure caused Conquest passengers in Mexico some unwanted headaches, as hotels demanded they pay the balance on their all-inclusive stays. This, despite the fact these customers had already paid Conquest for their hotel stays.
Meanwhile, travelers who’d booked upcoming vacations with the tour operator can only hope their credit-card companies reimburse them.
Citing economic turmoil and “overcapacity and price war among the major tour operators” and “unrealistic and unreasonable demands by the credit-card processing companies,” Conquest shut its doors on April 15, after 37 years in business.