Sinorama Holidays Inc. closes, customers lose thousands of dollars

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Sinorama Holidays Inc. announced last week they are shutting down their operations in Ontario, now up to 5000 Canadians from the GTA are learning that they’ve not only lost their China vacation dream but their money as well.

Ontario’s travel regulator, TICO (Travel Industry Council of Ontario), says there is a $22 million provincial compensation fund which is industry-financed, but there is a cap of $5 million dollars per event which won’t be enough to compensate all the customers affected in this particular situation.

TICO is encouraging customers to also check with their credit card companies to see if compensation is available that way. -CINEWS

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