Youtravel is cancelling all bookings for the next seven days following the announcement by its owner FTI Touristik GmbH that the tour operator FTI Touristik has filed for insolvency.
In an update to trade partners, Youtravel said: “On the 3rd of June 2024, FTI Touristik GmbH, the parent company of the FTI GROUP and one of Europe’s largest tour operators, has filed an application for insolvency proceedings.
“It is important to note that currently, only the tour operator brand FTI Touristik is directly affected by this situation.
“As for youtravel.com, we are a separate entity and are actively working on determining the future course of action without support of FTI Touristik GmbH.
“We acknowledge that currently, this does not offer sufficient clarity to our esteemed partners.
“This is an incredibly challenging time for our colleagues at FTI, and we are committed to working diligently in the days ahead to support all our partners.
“By way of an update, due to the difficult situations in our DMCs, we have taken the decision to cancel the next seven days of arrivals from 4 June.
“Further updates to be communicated shortly. Thank you for your understanding and continued support.”
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In an update to trade partners, Youtravel said: “On the 3rd of June 2024, FTI Touristik GmbH, the parent company of the FTI GROUP and one of Europe’s largest tour operators, has filed an application for insolvency proceedings.
“It is important to note that currently, only the tour operator brand FTI Touristik is directly affected by this situation.
“As for youtravel.com, we are a separate entity and are actively working on determining the future course of action without support of FTI Touristik GmbH.
“We acknowledge that currently, this does not offer sufficient clarity to our esteemed partners.
“This is an incredibly challenging time for our colleagues at FTI, and we are committed to working diligently in the days ahead to support all our partners.
“By way of an update, due to the difficult situations in our DMCs, we have taken the decision to cancel the next seven days of arrivals from 4 June.
“Further updates to be communicated shortly. Thank you for your understanding and continued support.”
The post Youtravel cancels bookings for next seven days appeared first on Travel Gossip.
Continue reading...
