Youtravel cancels more summer bookings as it works to secure its future

Youtravel cancels more bookings
By Linsey McNeill
26/06/2024
Home » Youtravel cancels more summer bookings as it works to secure its future

Youtravel has announced that all bookings will be cancelled up to and including 26 July.

It said it had taken the ‘difficult’ decision to extend cancellations beyond 5 July while talks to secure its future continue.

Youtravel is owned by German company FTI Group, whose tour operator brand FTI Touristik filed for insolvency earlier this month.

In a statement released today, Youtravel said: “We want to express our gratitude to all our partners for their unwavering support and patience since the announcement on the 3rd June 2024. 

“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 M&A [mergers and acquisition] process to secure our future. 

“Whilst we are hopeful for a positive conclusion to these talks soon, we have made the difficult decision to cancel all bookings until and including the 26th July 2024. 

“We understand the inconvenience this may cause and sincerely apologize for any disruption.”

It said any active bookings for arrivals up to 26 July will be automatically cancelled without charge by Monday 1 July. 

Bookings from 27 July remain active and will be subject to the usual cancellation charges.

“Our teams are fully operational, and our dedicated task force is here to provide support to our partners during this challenging period,” added Youtravel.

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