BRITS who have a summer holiday abroad already booked are being warned to check before travelling. Earlier this week, Europe's third largest tour operator FTI went bust. 3 One of Europe's largest tour operators has gone bust - with hundreds of thousands affected Credit: labranda 3 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. "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". And a number of Brits have already been affected, including anyone with holidays booked by Youtravel.
com and anyone staying at hotels owned by Meeting Point such as Labranda resorts. The Lanbranda website is currently down, although concerned holidaymakers have been asking about their future holidays on their social media pages. It affects around 30 resorts across the Cana.
