What is the process for travel and tourism professionals to use arbitration to resolve conflicts?
Arbitration is a form of alternative dispute resolution that can help travel and tourism professionals avoid costly and time-consuming litigation. It involves a neutral third party, called an arbitrator, who listens to both sides of a conflict and makes a binding decision. Arbitration can be faster, cheaper, and more flexible than going to court, but it also has some drawbacks, such as limited appeal options and less transparency. In this article, you will learn the process for travel and tourism professionals to use arbitration to resolve conflicts.