As per the official announcement emailed Wed. 9 Dec., following an extensive review of the business, The Travel Corporation (TTC) has made the difficult decision to close Creative Holidays, effective 31 December 2015.
The closure of Creative Holidays does not reflect upon the financially secure position of The Travel Corporation. The Travel Corporation, with whom all our supplier contracts are held, is as stable and liquid as ever.
Please be assured that we are able to honour all our financial commitments as usual. As such, all invoices will continue to be paid as per our terms in our contract. Some existing bookings confirmed from agreed allotments may not have yet been reported to your reservations departments (this is dependent on the release date confirmed in the signed Contractual Agreement.
Please note, this is not a financial decision - The Travel Corporation is financially solvent and Creative Holidays will honour all its liabilities in full. Invoices are still to be sent as per the normal business process.
A Retention Team in Creative Holidays has been set up and is continuing to process payments to all suppliers. All fully paid bookings will be serviced as per normal until their departure and return travel is complete. Our Retention team will continue to service these existing bookings throughout the year.