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Tip for travelers: Look for special offers in South Europe (FTI files for insolvency)

Travelers searching for special offers in South Europe may find some in the next days weeks if you contact hotels from FTI offering / catalogue directly. Some of already booked-out capacities will be a no-show.

Background (source): Europe's third largest travel provider FTI has filed for insolvency. FTI Touristik GmbH, the parent company of the FTI Group, today filed an application with the Munich Local Court to open insolvency proceedings. This was announced by the company.

It is expected that it will no longer be possible to operate tours that have not yet begun, or only partially, from tomorrow, Tuesday (June 4).

Posted by
10837 posts

How awful for all those people who have planned, anticipated, and paid for trips that won’t take place.

Posted by
3501 posts

I agree.

German travelers are automatically insured against insolvency cases by DRSF (Deutscher Reisesicherungsfonds).