Final answer:
TICO is an acronym for the Travel Industry Council of Ontario, which regulates travel agencies and tour operators in Ontario to ensure fair practices and consumer protection.
Step-by-step explanation:
TICO stands for the Travel Industry Council of Ontario. This is a regulatory body responsible for administering the province of Ontario's travel industry regulations as laid out by the Travel Industry Act, 2002. TICO ensures that travel agencies and tour operators adhere to a strict code of conduct, providing consumer protection and promoting a fair and informed marketplace.