If you have a prepaid travel accommodation you find you can’t use, TransferTravel will list it for a possible resale to someone else. Although based in the U.K., TransferTravel is targeting an international market including the U.S. and Canada. The idea sounds great, but the travel industry throws up a lot of roadblocks to any sort of trade.
Trading, or reselling, has been around for a long time for theater and event tickets: You see lots offered on eBay and many specialized websites. While some offers are obviously from ticket scalpers, many are just from ordinary folks who originally wanted to attend but found they couldn’t. Unlike the scalped tickets, these tickets are often offered at below their original price, and represent a win-win: Sellers get at least some return from something they can’t use, and buyers get a good deal.
TransferTravel posits that this idea can and does apply to travel services: air tickets, hotel accommodations, package tours. and such. A few years ago, you could see lots of such offers on eBbay, Craigslist, and such. Although you still see some, however, industry rules get in the way.
Air Tickets
The big barrier to trading and reselling is inability to change the name on a ticket. Most big airlines, including the U.S. giants, prohibit name changes other than to correct obvious misspellings and such. In the “good old days,” nobody checked your ID before you boarded a flight: You could buy a ticket issued in someone else’s name and use it without a problem. Of course, that was a long time ago, and today’s security requirements make it completely impossible. Airline tickets can be traded only in a few limited cases:
A few lines, including Norwegian and WOW, allow name changes, with a fee. If you don’t change anything else—the destinations or dates—you needn’t pay anything other than the nominal name change fee. Occasionally, tickets won as prizes allow the winner to designate the names. Some airline vouchers are transferable. Many airlines allow a traveler holding an unusable ticket to cancel the ticket and apply the value of the ticket, less a stiff change fee, towards another ticket. But that value must be applied to a new ticket at the then-current price, not the original fare. Thus, although you can’t change the name on your old ticket, you can sell the remaining cash value, less the change fee, and use the residual value to buy a ticket for another traveler. Related:When Should I Buy Airline Tickets? Other Travel Services
Hotels have varying rules for name changes on reservations, and much of the inventory currently posted on TransferTravel consists of hotel offers. Ditto a few tour packages.
Cruise lines also vary in their name change policies. Carnival and Royal
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