Youtravel earlier this month cancelled all bookings for arrivals up to 5 July. However, it confirmed on Tuesday (25 June) all active bookings for arrivals up to and including 26 July would be cancelled without charge by Monday 1 July giving agents holding packages with accommodation booked via Youtravel just days to act.

European travel giant FTI Touristik, one of the continent’s largest travel firms, filed for insolvency at the start of the month. Youtravel said the impact on its business and operations had been "significant".

"Over the past three weeks, our management has been actively engaging with the appointed administrator of the FTI group and undergoing the M&A process to secure our future," said Youtravel.

"While we are hopeful for a positive conclusion to these talks soon, we have made the difficult decision to cancel all bookings until and including the 26 July 2024. We understand the inconvenience this may cause and sincerely apologise for any disruption.

"Any active bookings in the Youtravel system for arrivals up to and including 26 July will be automatically cancelled without any charges by Monday 1 July."

Youtravel stressed bookings for arrivals from 27 July onwards remain active and remain subject too to cancellation charges if agents’ clients wish to cancel their booking.

It added: "Our teams are fully operational, and our dedicated taskforce is here to provide support to our partners during this challenging period. Alternatively, you can contact your account manager for any queries or concerns.

"We will continue to keep you updated as soon as we have any further news regarding the future of Youtravel.com. We want to express our gratitude to all our partners for their unwavering support and patience since the [FTI] announcement on the 3 June."