Four Travel Companies Collapse, Leaving Holidaymakers Without Refunds

Four British travel firms stopped trading in January and early February 2026, leaving customers with cancelled trips and unclear refund prospects. Reports have described Four Travel Companies Collapse, Leaving Holidaymakers Without Refunds amid rising costs and geopolitical tension.

Wider context

Industry sources link the failures to higher aviation fuel prices tied to the Iran crisis. International travel warnings have also disrupted demand and route planning.

Observers warn that sustained cost pressures could push more operators into difficulty. Many customers only recover money when protections apply.

Individual company outcomes

Regen Central Ltd

Regen Central Ltd entered liquidation in January 2026. The firm began in Hertfordshire in 2011 and later moved to London.

The Civil Aviation Authority removed its ATOL protection on January 13. The CAA said Regen had no outstanding ATOL-covered bookings when it collapsed.

Gold Crest Holidays

Gold Crest Holidays, a family-run coach operator from West Yorkshire, ceased trading on January 23. The company had operated for more than 30 years.

The operator cited lasting Covid-19 effects, altered supplier relationships, and rising costs as reasons for closure. Customers are able to claim refunds under the ABTA bond scheme.

Asiara UK

Asiara UK, previously trading as Haivenu Tours, stopped trading on January 21. The Ipswich-based firm specialised in trips to China, Thailand and India.

Protected Trust Services reported the company had no forward bookings at closure. Asiara was formally dissolved on January 23 via voluntary strike-off.

Simply Florida

Simply Florida, a Glasgow travel agent focused on Disney parks and North American city breaks, ceased operations on January 20. It had applied for removal from the Companies House register in October 2025.

The firm retained ATOL protection when it stopped trading, so customers with covered bookings are expected to receive refunds.

Why some customers are unprotected

ATOL covers package holidays that include flights. Bookings sold as accommodation-only, non-flight, or flight-only packages fall outside this protection.

Where protection was absent, customers risk losing both trips and payments. The differing levels of consumer cover explain the uneven refund outcomes.

Looking ahead

Sector leaders say a combination of fuel-price shocks and travel warnings has increased financial strain. Smaller or specialist operators may face heightened vulnerability.

Filmogaz.com will monitor developments as customers seek clarity and claims progress through ABTA, the CAA, and other schemes.