STA Travel, which specialises in trips for young people and students, has been forced to close down due to the financial impact of the Covid-19 pandemic.
The company, which employed more than 500 employees in 50 high street shops in the UK, went into administration on Thursday last week, following attempts to make the business “secure beyond Covid-19”.
The firm said that, despite decisive measures to keep the business afloat, “sales have not picked up as anticipated, due to consumer uncertainties, further restrictions and renewed lockdown measures, which are expected to largely continue into 2021”.
STA Travel served around 30,000 package holidaymakers a year.
A statement on its website said customers with bookings would receive further confirmation in the coming days. “We are sorry for the inconvenient and limited information available to you at this time,” it continued.
STA Travel, which originally stood for Student Travel Australia but was later rebranded Student Travel Association, was founded in 1971, and specialises in long-haul, adventure and gap year travel.
It is not the only company to have fallen victim to the pandemic.
In the UK, at least 25 private schools have closed down.
In April, at the height of global lockdowns, English-language training giant Wall Street English wound down its China operations amid dire operation conditions under which students could not receive face-to-face instruction at its tuition centres.
Date published: 24 August 2020