ABTA president Martin Wellings has announced he will not stand for re-election.

Speaking at ABTA’s annual general meeting, Wellings, who has held the position for two terms, said he was stepping down to concentrate on his own company Personal Service Travel in Sussex.

He added: “I have enjoyed my time as president but I have decided to stand down because it is time-consuming.”

The deadline for nominations is May 3 and a new president will be voted in on May 10.

The news follows the rubber-stamping of changes at the AGM which mean agents will no longer have to pay for external account audits. Instead they will have to send ABTA proof of accounts.

ABTA will also be able to deal with fraud faster, while financial and membership criteria will be more flexible.