Your holiday is booked – then the firm goes bust. Have you lost your money?

Not if the company was registered with Atol, which is why it’s important to check for the logo when you book

The collapse of LowCostHolidays, which has left 110,000 holidaymakers out of pocket, has turned the spotlight on how vulnerable people are to booking through websites that appear to be British but are in fact based overseas, sometimes with almost zero financial protection.

Victims of LowCost’s collapse are set to be offered just £7.50 each, after it emerged that the Majorca-based company was reliant on the local Balearic island’s travel bond scheme, rather than the UK’s Atol scheme which would have repaid them in full.

Related: When flights go wrong, passengers are too often left up in the air

Continue reading...

0 Response to " Your holiday is booked – then the firm goes bust. Have you lost your money? "

wdcfawqafwef