Thousands Stranded as UK Tour Operator Goes Bust

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	Thousands Stranded as UK Tour Operator Goes Bust

Rebecca Ruiz

9-15-2008 4:57 PM

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Rebecca Ruiz says:

Compared to what happened on Wall Street today, the news that the third-largest UK tour operator collapsed last week seems insignificant. But within the British travel industry, it's becoming a huge deal. Many are blaming a weakened travel market and high oil prices, and according to this article, this won't be the last firm to go under.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/917e1ef3-6271-4a6e-9f4d-5ec8f14810a0/66BEFAB7-35BB-44CD-AE59-C130B36A6D1C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.telegraph.co.uk/travel/columnists/2962022/XL-holiday-firm-collapse-Avoiding-a-nightmare.html" href="http://www.telegraph.co.uk/travel/columnists/2962022/XL-holiday-firm-collapse-Avoiding-a-nightmare.html" style="font-size: 11px;">www.telegraph.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/travel/columnists/2962022/XL-holiday-firm-collapse-Avoiding-a-nightmare.html">Spiralling fuel costs, currency fluctuations, threat of recession, and 
  faltering bookings – it’s no secret that these factors have been causing 
  huge difficulties for travel companies. But last week’s collapse of XL, the 
  UK’s third largest tour operator, has sent shock waves through the industry.
</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/travel/columnists/2962022/XL-holiday-firm-collapse-Avoiding-a-nightmare.html">With an estimated 80,000 XL customers on holiday when the collapse was 
  announced and a further 200,000 booked to travel, it’s clear that the 
  company’s demise will cause a great deal of misery and confusion.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/travel/columnists/2962022/XL-holiday-firm-collapse-Avoiding-a-nightmare.html">Should we be worried about further holiday operators collapsing? The simple 
  answer is, yes, for many of the reasons that XL has. These are turbulent 
  times – and more company failures could be just around the corner.
</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/travel/columnists/2962022/XL-holiday-firm-collapse-Avoiding-a-nightmare.html">In the meantime, key advice for anyone about to book a holiday is to ensure 
  your money is properly protected (see below) so that if the worst comes to 
  the worst, at least you won’t be out of pocket.
</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/66BEFAB7-35BB-44CD-AE59-C130B36A6D1C/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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