Yup - and it's not just that - often the operator is paying a LOT of non-refundable funds up front in order to do the tour. The VAST majority of the money I collect for my workshops goes right to the places I work with to cover hotels, transportation, etc. and is all non-refundable to them (and so is to me).
For my commercial transactions,
Part of the terms and conditions are "Choose your items carefully as we do not operate a change of mind or refund policy"
Also i insist on Bank deposits over cards, surprisingly 98% of people are happy to do so, i have since disposed of my card processing machines.
I also insist on a minimum non refundable payments of 50% on ordering, 25% within 3 months from execution date, balance of 25% 30 days prior the execution date.
I have a friend that does photographic tours to Japan China and parts of Asia and expanding to India in 2025, its not wild life.
She is 40 years of age and looks 20, and is Chinese, speaks 7 different languages fluently including
Hindi, and has a officially diagnosed photographic memory all being her greatest assets, she is booked out till late 2025, her groups are in most cases 8-10, in some cases she can go to 15. Her camera is a late 6000 series Sony and an I Phone 13 LOL.
She has adopted the no cards bank deposit only method, she trips every 6 weeks or so.
Certain tours have fallen off while others have grown, its got a lot to do with the type of trip, age group, detestation, time of year and cost and market saturation.
Only an opinion