Lowcostholidays collapse: is your holiday safe?

Almost 140,000 holidaymakers are set to lose out after the collapse of budget travel agency Lowcostholidays. Natalie Stanton looks at the options.

16-7-21-umbrella-1200

Tens of thousands have had their holidays ruined

Almost 140,000 holidaymakers are set to lose out after the collapse of budget travel agency Lowcostholidays. Some 27,000 customers were already abroad when the news came last Friday, and a further 110,000 have booked trips but are yet to depart, reports administrator Smith & Williamson. UK travel operators are usually protected by Atol the scheme which ensures that customers can get a refund if the company they booked through goes bust.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Natalie joined MoneyWeek in March 2015. Prior to that she worked as a reporter for The Lawyer, and a researcher/writer for legal careers publication the Chambers Student Guide. 

She has an undergraduate degree in Politics with Media from the University of East Anglia, and a Master’s degree in International Conflict Studies from King’s College, London.