Warnings of More Possible Tour Operator Collapses
Almost a week after travel firm, Sun4U, collapsed leaving hundreds of holidaymakers stranded abroad, industry experts have warned more tour operators may follow suit, resulting in more travel job losses.
Sun4U announced it was bankrupt last Wednesday leaving more than 1,000 holidaymakers stuck in Spain – some having to pay out more cash for their accommodation.
The travel company had been operating for just six years and had a total of 92 employees.
Chris Gray, from the Trade Travel Gazette, said the travel industry had suffered from the lack of bookings made for this summer and the general downturn in trade over the past two years. “There has been a significant reduction in the number of holidays booked abroad this year.
“Companies tend to fail after the summer towards the autumn but there have already been two bankruptcies during this years’ peak holiday time. The fear in the industry is that there is more to come.”
This could spell significant travel jobs uncertainty within the travel industry.
The collapse of Sun4U came less than a month after Surrey-based Goldtrail Travel called in the administrators and nine months after the demise of Scottish package-holiday provider and airline Globespan. In 2007, XL, who also had a fleet of airlines, declared it was bankrupt.
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