Saga has declined to comment on a report claiming the sale of Titan Travel has been put on hold amid the coronavirus crisis.
Sky News claimed that advisers to Saga have postponed an auction of the escorted tours specialist.
A number of private equity firms were preparing offers for Titan, which is estimated to be valued at more than £100 million.
The over-50s travel and services company is due to announce full-year results next month.
The delay to the sale process, which had only recently got under way, underlines the impact that Covid-19’s rapid international spread is having on the tourism sector.
EasyJet and British Airways’ parent International Airlines Group have warned that the outbreak would hurt annual profits.