Independent Davis World Travel has shut its four branches with the loss of 20 jobs after going into liquidation after 53 years of trading.
The Hampshire-based agency ceased trading yesterday with administrator Begbies Traynor saying the company had become “another victim of the recession”.
The jobs have gone at its outlets in Lee-on-Solent, Gosport, Fareham and Portchester and a corporate travel centre also in Fareham.
Formed in 1957, Davis World Travel was a member of Advanrage and had a turnover of around £5-6 million generated through bookings for traditional package holidays as well as city breaks and cruises.
Begbies Traynor has set up a helpline for information other than specific advice surrounding travel plans at 023 8038 2702. Other enquiries should be directed to davisworldtravel@begbies-traynor.com.
Antony Fanshawe, of the Southampton office of Begbies Traynor, said: “Despite its long-standing pedigree, this company has been a victim of a sea change in the way we book holidays.
“Add to this the events of the last year, the recession, volcanic ash, airline strikes and the impending threat of increased air taxes and the result has been devastating for this business. The directors decided they had no option but to place it into liquidation.
“This is another business which has fallen prey to global events since the beginning of the recession.
“As well as the ramifications this liquidation has for holidaymakers, we have also to remember that 20 people have lost their livelihoods – it’s always sad to see job losses but it’s especially difficult at this time of year.”
Abta said any retail claims arising from the failure of Davis World Travel will be handled by its claims department.
“If any principals dealt with this company on the CAPS payment system they should contact Advantage Travel Centres Ltd in the first instance,” Abta said.