Font size: A A A A
  
Home > Industry > Running Your Business > financial
Font size: A A A A

Online Travel Group Sinks

October 1, 2008 By: Travel Agent Central Contributor


Online Travel Group, the e-commerce specialist that operated WorldSki.com, Worldtravellers.com and Cheap4travel.com, has announced that it has gone into administration, losing 500 bookings. Freedom Travel Group has taken over the package-holiday bookings.

"Credit terms had been drastically shortened by key trading partners," said Neil Bennet, the company's adminstrator, in a statement. "We are selling parts of the business where possible. We understand that credit terms had been drastically shortened by key trading partners and this, combined with the credit crunch and general economic downturn, led to a dramatic cutback in consumer spending on all but the essentials.”

Online Travel Group added that most ferry operators are honoring their bookings under agency agreements.


What do you think of this $type?
 

This comprehensive guide begins at Alfava Metraxis and ends at Doctor Who Magazine wins the ACE Press Award 0 Following its record breaking ABC figure earlier this year, Doctor Who Magazine had cause for further celebration at the 2014 ACE Press Awards held https://www.levitradosageus24.com/ viagra bedeutung online apotheke at the Museum of London. This may take a second or two.