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This dissertation was written as part of the LLM in Transnational and European Commercial Law, Mediation, Arbitration and Energy Law at the International Hellenic University. This dissertation studies the contemporary issues regarding the contracts signed by Tour Operators with their international partners in matters of private international law. The first part discusses the general conditions under which these contracts as signed (how the tourism industry works, which are the fundamental problematics on international contracts etc.). Next there is an analytical reference to major contractual provisions such as jurisdiction and choice of law, continuing with more specific terms such as the “overbooking” provision” and “allotment” agreements. Then a notion has been made to third party rights deriving from these contracts. Last but not least, in the final part a comparison is attempted between the all above mentioned with the contractual practices of the Tour Operators and the problems they face through a “Dodecanese Case Study”. I wish to thank the Tour Operators and Hoteliers who helped my in the case study and made an exception to their confidentiality rules, in order to provide me useful information on how they conduct they businesses as long as some contracts they sign. Also great thanks to Dr. Komnios Komninos for his general guidelines and help, as long as my girlfriend Aspasia who took care of me all the nights I stayed awake for this dissertation. Lastly, I want to express my gratitude and thanks to my supervisor Dr. Carducci, for his understanding about the difficulty of the subject and all his efforts to push me further in order to make that dissertation the best possible.