Lowcost Holidays ceases trading

Westin · 15 July 2016 at 5:25PM

Lowcost Holidays have just ceased trading.

http://www.lowcosttravelgroup.com

Alan_Bowen · 15 July 2016 at 5:56PM

This will affect a lot more than those who booked directly with Low Cost Holidays. Many travel agents, both on line and high street were buying accommodation from Low Cost Beds and then adding flights. Anyone due to travel should check their documentation and see if there is any paperwork with a reference to Low Cost Holidays or Beds. If there is contact your agent immediately

Although many people thought it was a British company it wasn't, it traded out of Majorca for the last 2.5 years and did not hold an ATOL licence. They claim to have a licence to sell packages from the Majorcan government but many believe that the Majorcan government have insufficient experience to deal with this failure. Only time will tell but the link from their website to the Majorcan financial protection scheme takes you to the main government website, so good luck with that!

agrinnall · 15 July 2016 at 6:22PM

A report I heard on the radio suggested that the ATOL equivalent is the Spanish national scheme - I don't see why there would be a Majorcan scheme at all, it would be like the Isle of Wight having it's own scheme.

wingobins · 15 July 2016 at 6:51PM

My brother was due to go to turkey in couple weeks and booked with low cost but flights with Thomas Cook. He can't get onto any link it gives on website and he didn't pay hol with credit card so hasn't got the money to fork out for another hotel. Does any one have any advice I can give him?

Moto2 · 15 July 2016 at 7:21PM

How did he pay? He may be able to do a charge back on a debit card

Travel Insurance?

Alan_Bowen · 15 July 2016 at 7:22PM

If he has his tickets to fly, he should be able to fly as planned. The only good news is that hotels in Turkey have plenty of space, he needs to contact the hotel, confirm a booking and then pay again. If he booked everything as a package he should have a claim against the Majorcan financial protection scheme, each area in Spain runs its own scheme for companies based there, there are 18 I think but most of us in the UK travel industry worry that the scheme has never been tested and may not work quite as well as it should.

If he used a debit card, contact the bank that issued it and see if they can arrange a chargeback against Low Cost, not as good as a credit card but maybe better than nothing

wingobins · 15 July 2016 at 7:36PM

He booked everything separately (on debit card) but his flights are still valid. I've just spoken to him and he contacted Yorkshire bank who confirms he should be covered for other losses and he has to ring the bank tomorrow.

cgk1 · 15 July 2016 at 9:48PM

"The only good news is that hotels in Turkey have plenty of space,"

Likely a lot more come tomorrow!

wingobins · 15 July 2016 at 10:32PM

cgk1 wrote: »

"The only good news is that hotels in Turkey have plenty of space,"

Likely a lot more come tomorrow!

And now there a Turkish coup...the Turkish military have took over and ceased control!

redmalc · 16 July 2016 at 5:59AM

Skegness looks safe at the moment and the currency fluctuations should not be to much of a problem.
If accommodation is full try Mablethorpe or Sutton on sea

bigadaj · 16 July 2016 at 8:31AM

redmalc wrote: »

Skegness looks safe at the moment and the currency fluctuations should not be to much of a problem.
If accommodation is full try Mablethorpe or Sutton on sea

And no excess luggage fees for all those extra jumpers and coats as well, ideal.

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Lowcost Holidays ceases trading

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