News

Costs of Lowcostholidays and Lowcostbeds Collapses Still Being Determined

Costs of Lowcostholidays and Lowcostbeds Collapses Still Being Determined

As of Monday 22nd August 2016, the Commission for Aviation Regulation had received 3,040 claims for refund from passengers on foot of bookings with Lowcostholidays Spain SL, which collapsed on 15th July 2016 – but has yet to state if the overall costs exceed the company’s bond and, if so, by how much.

 

The Commission has also yet to respond to a question from Irish Travel Trade News as to how much the collapse of Lowcostbeds may have cost Irish travel agents. Figures of €300,000 or more have been mentioned, but ITTN understands that the actual figure could be more than €0.5 million.

 

One large travel agency is allegedly €85,000 out of pocket while a number of smaller agencies are facing losses of €20,000 or more. Such figures do not, of course, include the cost of staff time (or their frustration) spent in sorting out retention of client’s hotel bookings, often at inflated current rack rates, or organising alternative accommodation.

ITTN also understands that many travel agents are now demanding that the bed bank does not pay the hotel until the client has checked out – a practice already followed by some bed banks.

Lowcostholidays Spain SL customers have until Monday 19th September 2016 to submit their claim form to CAR. Claim forms for refunds can be found on the Commission’s website here

The Commission for Aviation Regulation is currently assessing the claims that have been received and in some instances additional information and documentation has been sought. Other queries can be emailed to: claims@aviationreg.ie

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Royal Caribbean International Announces Lelepa, Vanuatu, as Next ‘Perfect Day’ Location

Neil SteedmanOctober 21, 2019

Tourism Ireland’s ‘Big Drive’ for Golf Tourism at IGTM

Michael FloodOctober 18, 2019

Voting for ITTN Awards Extended by One Week

Neil SteedmanOctober 18, 2019

CLIA Announces Line-Up for River Cruise Conference

Michael FloodOctober 17, 2019

Danny Giles Joins Silversea Expeditions

Michael FloodOctober 16, 2019

Last Chance to Enter ITTN+EMIRATES Travel Photographer of the Year

Michael FloodOctober 16, 2019

ITTN’s Great Value Travel Deals – 17th October 2019

Neil SteedmanOctober 16, 2019

Prague Convention Bureau Invites Corporate Buyers to Fam Trip and Workshop

Neil SteedmanOctober 16, 2019

WTM London to Highlight Isle of MTV Malta

Neil SteedmanOctober 16, 2019

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland