The company, founded by chief executive Nena Chaletzos in 2015, ceased trading as an Atol holder last Friday (20 October).

The CAA has since opened a claims portal for passengers affected.

Nearly 200 Luxtripper customers were overseas when the brand failed, with around a further 2,000 booked to travel with the firm on Atol-protected packages, the CAA confirmed.
 
Luxtripper said last week it had engaged restructuring specialist ReSolve Advisory to find an investor in, or buyer for, the brand by the end of this week.

The company has now appointed ReSolve partners Chris Farrington and Simon Jagger as administrators.

“Despite some of the highest interest we’ve seen from potential bidders, unfortunately the current investment climate meant that a rapid rescue of the business that secured the jobs of Luxtripper’s employees was not achievable,” said Farrington. “ReSolve will now be focused on achieving the best possible results for creditors, including finalising the asset sale, and supporting employees through the redundancy process."

Chaletzos said she and her team were "devastated" to announce the news of the company’s administration.

"The team have worked tirelessly to find a sustainable solution for our business, but it is with heavy hearts that we have had to choose this option as the only path forward," she said. 

“We are committed to managing this process transparently and responsibly, ensuring that our stakeholders’ interests are safeguarded, and our incredible team is supported to the best of our ability. We are eternally grateful for the support of our employees, customers and partners throughout our journey.”