The Discerning Collection has bought failed Turkey specialist Elixir Holidays from its administrators. The Turkey specialist operator has taken on Elixir's 309 forward bookings, some assets, its database, intellectual property rights, trading and domain names. The deal does not cover the operator's staff, five of which were based in London,...
The Demise of Elixir Holidays
The sad demise of Elixir Holidays shows, once again, how tour operators need to operate with Trust Accounts. It also shows that committed accommodation and flights, where the hotels and flights are guaranteed, must be a thing of the past. If Elixir had operated with a trust account, all the...