Travel giant which owns North Wales hotels has gone bust

, Travel giant which owns North Wales hotels has gone bust, TravelWireNews | World News, TravelWireNews | World News

Breaking Travel News:

A travel giant which owns two Llandudno hotels and brings thousands of visitors into North Wales by coach has collapsed in administration. 

Specialist Leisure Group – which owns Shearings Holidays, National Holidays, UK Breaks, Coast & Country Hotels and Bay Hotels, Country Living Hotels and Wallace Arnold Travel – is in administration with more than 2,500 staff made redundant.

This will mean that the Bay County and Bay Marine hotels in Llandudno will not reopen after lockdown ends – another massive blow to the holiday resort that has already seen Queens Hotel close permanently.

Bay Marine Hotel in Llandudno (Image: Google maps)

The coach companies also brought thousands of visitors into North Wales every year.

In a statement, EY said it had tried to find a buyer to maintain the travel group as a going concern but that it had not been possible.

, Travel giant which owns North Wales hotels has gone bust, TravelWireNews | World News, TravelWireNews | World News

Bay County Hotel in Llandudno (Image: Google maps)

It added that “the vast majority of customers” were expected to have financial protection from one of the Confederation of Passenger Transport, Bonded Coach Holidays, ATOL or ABTA, or through their credit or debit card issuer.

John de Vial, Abta’s director of membership and financial services, said: “The Specialist Leisure Group included two of the UK’s best known coach holiday brands, Shearings and National Holidays, two much loved holiday companies who for many years have provided holidays both at home and overseas to a very loyal group of customers.

“Today is a very sad day for these customers and the thousands of staff who will have lost their jobs.

, Travel giant which owns North Wales hotels has gone bust, TravelWireNews | World News, TravelWireNews | World News

Specialist Leisure Group which owns coach company Shearings has collapsed into administration. (Image: Daily Mirror)

“The fact that two such well-known brands with a loyal customer base have had to call in administrators is a stark indication of the pressure that the holiday industry is under as a result of the coronavirus pandemic.

“Abta has repeatedly highlighted to the Government the urgency of the situation and the need to set out a coordinated strategy with clearer communication if it wants to help avoid significant job losses and support companies to weather the storm.”

Post your own content click here  | Click here to receive free email updates |  Source: News feed