TICO Advertising and Pricing Standards 2

Question 1

Under TICO's advertising standards, when a travel agent advertises a 'from' price for a destination, what must be true of that price?

Accepted Answer

It must be a genuinely available price at the time of advertising and must include all mandatory charges

Answer

It can be an estimated price that excludes taxes and fees

Answer

It is valid only for group bookings of 10 or more travellers

Answer

It applies only to last-minute inventory released within 72 hours of departure

Question 2

A travel agency wants to advertise a 'seat sale' for flights to Europe. According to TICO's advertising rules, the advertisement must include:

Accepted Answer

A disclosure that the sale price applies to a limited number of seats

Answer

The personal names of all passengers who have already purchased at the sale price

Answer

A mandatory comparison with the previous full fare price

Answer

Approval from the airline's marketing department

Question 3

Which of the following is a requirement under TICO's standards when a registrant publishes a printed brochure or price list?

Accepted Answer

The brochure must clearly display the effective date and indicate that prices are subject to change

Answer

The brochure must be approved by TICO before distribution

Answer

The brochure must include the personal registration number of every agent at the agency

Answer

Brochures are exempt from TICO's advertising standards

Question 4

Under TICO advertising rules, which of the following must appear in all consumer-facing advertisements by a registered agency?

Accepted Answer

The agency's TICO registration number

Answer

The personal TICO registration numbers of all agents employed at the agency

Answer

The TICO Registrar's direct contact information

Answer

The Ombudsman for Banking Services and Investments contact number

Question 5

A travel agent promotes a resort package where the advertised price assumes double occupancy. A solo traveller will pay more. How should this be handled according to TICO standards?

Accepted Answer

The advertisement must clearly disclose that the price is based on double occupancy and that a single supplement applies

Answer

The agent can advertise the double occupancy rate without any disclosure since it is industry standard

Answer

The agent must advertise only the single occupancy rate to avoid confusion

Answer

The agent must offer the double occupancy rate to all solo travellers as a courtesy

Question 6

If a price quoted to a client increases before the booking is finalized, what is the registrant's obligation under TICO's standards?

Accepted Answer

Inform the client of the price increase before completing the booking and obtain the client's agreement to the new price

Answer

Absorb the price increase so the client pays the originally quoted price

Answer

Complete the booking at the original price and recover the difference from the supplier

Answer

Cancel the booking automatically and offer the client a full credit