Holidaymakers in the UK could see their plans thrown into chaos and their UK travel agent will be in touch if they need to make changes
A leading travel firm, Youtravel, has announced that all bookings up to and including 26 July will be cancelled. The company described the decision to extend cancellations beyond 5 July as 'difficult', as discussions to secure its future are ongoing.
The company confirmed that all active bookings for arrivals up to and including 26 July would be cancelled without charge by Monday 1 July. This leaves UK travel agents with just a few days to make alternative arrangements for travellers who have booked accommodation via Youtravel.FTI Touristik, one of Europe's largest travel firms, filed for insolvency at the beginning of the month.
"The insolvency of FTI Touristik GmbH has had a significant impact on Youtravel.com. Over the past three weeks, our management has been actively engaging with the appointed administrator of the FTI group and undergoing the MandA process to secure our future."
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