Monday, 31 October 2011

Cadogan ceases operating

Cadogan Holidays, which has been operating for over 64 years, has confirmed it will take no more bookings after today (October 31). The firm has not gone bust or entered administration. All customers who have already booked have been promised they will get their holidays as planned. The operator has been faced not just with long term changes in the way consumers book holidays but by the economic downturn and by upheavals in North Africa during the Arab Spring. It specialised in travel to Gibraltar, Egypt. Madeira, Morocco and Tunisia. Managing director Neil Chapman says: “This is a very sad day. It was a very hard decision to take. The way people book holidays now is very, very different from when we started and we could not see a viable model for the brand going forward. Other parts of our business, including our flight only operation, will keep going, however. I need to stress that Cadogan Holidays has not failed nor have we gone ‘bust’ but instead we have taken what we feel is a responsible and purely voluntary decision to stop taking bookings. Additionally I would like to offer my thanks not just to the millions of customers who enjoyed their holidays with us but also to the many suppliers and partners who worked with us to build and maintain a reputation which has lasted for over six decades.”

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