STA Travel has become the latest victim of the COVID-19 pandemic, after its parent company announced it would cease trading.
The company, which had more than 50 shops across the UK, specialised in student travel, international volunteering, gap years and other specialised trips for young people. More than 500 people are employed by the firm.
Customers whose bookings were protected by Atol would be able to submit a claim through their online portal, the Civil Aviation Authority said.
A STA Travel read: “Over recent months, the company took decisive measures to secure the business beyond COVID-19. However, sales have not picked up as anticipated, due to consumer uncertainties, further restrictions and renewed lock-down measures, which are expected to largely continue into 2021.”