I've booked a package holiday but my operator went bust.

In specific situations, the organiser should also be entitled to terminate the package travel contract before the start of the package without paying compensation, for instance if the minimum number of participants is not reached and where that possibility has been reserved in the contract. In that event, the organiser should refund all payments made in respect of the package.

Price increases should be possible only if there has been a change in the cost of fuel or other power sources for the carriage of passengers, in taxes or fees imposed by a third party not directly involved in the performance of the travel services included in the package travel contract or in the exchange rates relevant to the package and only if the contract expressly reserves the possibility of such a price increase and states that the traveller is entitled to a price reduction corresponding to a decrease in those costs.

Key information, for example on the main characteristics of the travel services or the prices, provided in advertisements, on the organiser's website or in brochures as part of the pre-contractual information, should be binding, unless the organiser reserves the right to make changes to those elements and unless such changes are clearly, comprehensibly and prominently communicated to the traveller before the conclusion of the package travel contract.

I've booked a package holiday but my operator went bust.

A directive covering all forms of package travel. At the specific request of a number of Member States, the Commission has extended the scope of the directive to include not only package holidays but any form of package travel, i.e. single destination packages; package tours covering a number of different destinations; foreign travel for the purpose of taking part in conferences; travel for medical, commercial or professional reasons, combined with leisure activities etc.; the main criterion being that the consumer has bought a package for a fixed sum of money.