News

Argo Holidays debt dispute rumbles on

A Greek hotelier representing about 40 Greek hotels and travel agents will arrive in the UK next week to address an ongoing issue with Argo Holidays owner Allbury Travel Group.


The owner of the Bay Hotel in Zante, Stelios Sourris, claims the hoteliers are owed more than €2.2 million by Argo ­Holidays from the 2007 season and before.


Sourris said the hoteliers are refusing to take Argo’s customers until the debts are settled by any party. Sourris hopes to meet the Greek National Tourism Organisation and ABTA.


Argo Holidays was bought by the Allbury Travel Group in February this year. The group did not take on any of the operator’s debts, which remained with former owner the InterArgo Travel Group.


Allbury Travel Group managing director Eamonn Ferrin travelled to Greece this week to try to resolve the issue and claims only a few hotels have refused Argo customers entry. Allbury’s operators are sorting out equivalent or better accommodation elsewhere for these customers.


Speaking to Travel Weekly last week, Ferrin said: “Allbury Travel Group is not legally ­responsible for this debt, we’re trying to resolve it as best we can.”


A former director and now shareholder of InterArgo ­Travel Group George Los was unable to comment.

Share article

View Comments

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.