Government confirms financial protection for package holiday ‘refund credit notes’

Holidaymakers who accept Refund Credit Notes (RCNs) for cancelled packages will get their money back if the travel company later collapses, the government has confirmed. Since the start of the crisis, Which? has been calling for the government to confirm if RCNs are financially guaranteed but this announcement finally removes the risk to customers of accepting a credit note, if they consider that’s the best option for them.