Major disruption as travel company cancels all holidays until 26th July

A leading travel company, Youtravel, has announced that all bookings up to and including July 26 will be cancelled. The company described the decision to extend the cancellations beyond July 5 as “difficult” as talks to secure its future are ongoing.

Youtravel is a subsidiary of German company FTI Group, whose tour operator brand FTI Touristik declared insolvency earlier this month. This could disrupt the travel plans of thousands of UK tourists who use products supplied by the group.

The company has confirmed that all active bookings for arrivals up to and including 26 July will be canceled free of charge until Monday 1 July. This leaves UK travel agents with just a few days to make alternative arrangements for travelers who have booked accommodation through Youtravel.

Any issues will be communicated to travelers by their respective booking agents in the coming days.

FTI Touristik, one of Europe’s largest travel firms, filed for insolvency earlier this month. Youtravel admitted the impact on its business and operations was “significant”, the Express reports.

In a statement, Youtravel expressed its gratitude to all its partners for their unwavering support and patience since the announcement on 3 June 2024.

“The insolvency of FTI Touristik GmbH had a significant impact on Youtravel.com. Over the past three weeks, our management has actively engaged with the appointed administrator of FTI Group and gone through the MandA (mergers and acquisitions) process to secure our future.”

“While we hope for a positive conclusion to these discussions soon, we have taken the difficult decision to cancel all bookings up to and including 26 July 2024.”

“We understand the inconvenience this may cause and apologize for any disruption. Any active bookings in the Youtravel system for arrivals up to and including 26 July will be automatically canceled without charge until Monday 1 July.”

Bookings from 27th July remain active and will be subject to normal cancellation fees.

“Our teams are fully operational and our dedicated task force is here to support our partners during this difficult time,” Youtravel added. He added: “Our teams are fully operational and our dedicated task force is here to support our partners during this difficult time. Alternatively, you can contact your account manager with any questions or concerns.”

“We will continue to update you as soon as we have further news regarding the future of Youtravel.com. We would like to express our gratitude to all our partners for their unwavering support and patience since the (FTI) announcement on June 3rd. .”