Originally Posted by
ShotOne
That said, it’s entirely understandable holiday companies will want to strongly encourage customers to seek a voucher over a refund. This crisis wasn’t in any way their fault and we’ll all want a holiday when this is done.
The downside of a lot of vouchers floating about is that they applicable only against whatever price the holiday companies may choose to market at when things restart. If there are all these voucher holders, and a limited number of holidays available at first, the normal supply and demand comes into it, the holidays will be priced accordingly, and those with a voucher from the previous year will then find it only covers half of what the company is now charging.
You find the same thing with corporate discounts (a variant on vouchers) on airfares. Expressed as a percentage reduction they may look attractive, but on routes where such traffic predominates the base price tends to be increased, because so many are going at a discount.