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Libra holidays in trouble?

Strugling Libra Holidays has moved its capacity and dropped poor selling destinations, Dubai, United Arab Emirates and Turkey from its programme to focus on restoring profitability to its business.

Sales and marketing manager said the operator is focusing on its core holiday destinations of Greece, Cyprus and Egypt following its partial sale by the Libra Holidays Group to private investor Allbury, which now owns 60% of the company. In November 2007 Libra holidays was faced with a number of financial difficulties.

Benzo added it is hoped that reducing the number of destinations and dropping Libra holidays capacity to around 100,000 passengers will be enough to ensure the operator a safe future.

He said: “It is the right time to go back to what we are known for. Last year we had a much bigger commitment on flights so we ended up doing a lot of seat-only sales in the [less-profitable] lates market but this year we have halved our commitments with the airlines.

“We’re being realistic and working hard to reach targets. We want to make money and we want agents to make money, which you don’t get from selling last-minute deals and flights. We are focusing on early sales, good-value propositions and better properties.”

Benzo said to drive profitability on the programme the operator has also added around 60 three, four and five-star properties to the programme to attract bigger-spending customers.

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Discussion

One thought on “Libra holidays in trouble?

  1. unfortunately libra holidays owes thousands of euros to the hotel owners in Greece for the tourist season 2007.Hoteliers were not paid as they were promised that they would get their money after the sale to Allbury travel. However, the new company says they are not liable for the debts of the company they bought.how could this be possible?Travellers have paid for their holidays.Where did this money go?
    Secondly,just 28 days before the beggining of the new season 2008 all hoteliers reseved letters saying that the contracts which were signed between libra holidays and the hoteliers are not valid any more! However, there are many people who have booked to come to our accommodation for instance but they have not been informed or given their money back.Someone should look at them…

    Posted by MANOS MORFOULAKIS | April 9, 2008, 8:48 pm

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