UK tourists urged to 'check holidays' and warned 'there are no hotel bookings'

UK holidaymakers have been warned there are "no hotel bookings" for them after a tour operator went BUST. Brits heading abroad this summer have been told to check their summer holidays after FTI, Europe's largest tour operator, went bust on Wednesday, June 5, in a major blow to sunseekers.

Brits heading out to the European Union have been warned after one of Europe's largest tour operators has gone bust - with hundreds of thousands affected. Hotels owned by Labranda have been affected, with the website currently down.

The announcement came just months after a €125 million investment, but said that bookings had "fallen short". The company said: “After a lengthy and complex investor process, the entry of a consortium of investors was announced in April 2024.

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"Since then, however, booking figures have fallen well short of expectations despite the positive news. In addition, numerous suppliers have insisted on advance payment. As a result, there was an increased need for liquidity, which could no longer be bridged until the closing of the investor process."

The FTI group added that while they were working on ensuring trips that had already started would be "completed as planned", trips that hadn't started would "no longer be possible or only partially be possible".

Youtravel.com customers and anyone staying at hotels owned by Meeting Point such as Labranda resorts are impacted. 30 resorts across the Canary Islands are impacted, including 14 on Fuerteventura, 11 on Gran Canaria, three on Tenerife and four on Lanzarote.

Secretary of State for Tourism Rosaio Sanchex said they were "thoroughly studying the situation to understand the real extent of job losses and the number of tourists affected". 30,000 bookings could be impacted in Cyprus, too.

One tourist fumed on Twitter/X: "My mum and family are in Malta only arrived yesterday to come back to hotel [to] find a letter saying the travel agent they booked with has gone into administration [and] they are asking for payment."

A second said: "I am currently stranded in Spain as my hotel cannot find my booking." A third typed: "Just arrived at my hotel in Turkey to find my reservation was cancelled yesterday! I did receive an email yesterday... Was assured it would be ok. Fuming.

"Just had to pay another £1700. Holiday was already paid in full." A loveholidays spokesperson told Sun Online Travel: "We are very sorry to hear of the insolvency of the FTI Group, the parent company of our accommodation and transfer partners youtravel.com and Meeting Point.

"Only a small portion of our customers are affected by this news and we’re working hard to ensure there is no disruption to their holidays. This is a fast moving situation, so we will remain in touch with affected customers as the situation progresses and are very sorry for the inconvenience."