Northern-based Specialist Leisure Group (SLG) which operated Shearings, National Holidays, Wallace Arnold Travel, and a string of hotels branded Bay Hotels has gone into administration with the loss of 2,500 jobs. This follows the cancellation of 64,000 bookings.
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Travel trade organisation ABTA said the coronavirus pandemic had meant it struggled to issue thousands of refunds for cancelled holidays and the inevitable drop off of new bookings.
In a statement, SLG chief executive Richard Calvert said: "This is a terribly sad day for employees, customers and commercial partners of the Specialist Leisure Group and its subsidiaries which have entered into administration.
"The effects of Covid-19 on our 117-year-old company and the wider travel industry have been devastating.
All package holidays are financially protected so customers who have booked will receive a full refund.
Anyone with a package holiday including a flight can claim their money back through Atol, which is operated by the Civil Aviation Authority.
Customers with hotel-only bookings are advised to contact their credit or debit card provider in a bid to retrieve their money.
Coach packages are protected by the Confederation of Passenger Transport.
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