Distressed Assets Media Centre
26 May 2010
Collapse of online accommodation company leaves thousands of tourists stranded
Source: smartcompany.com.au
The collapse of an online accommodation booking company specialising in Gold Coast holidays has left more than 2,000 holidaymakers stranded and facing a battle to recover hundreds of thousands of dollars paid out for hotel bookings.
Gold Coast-based company Accommodation 1 collapsed on May 19 and was placed in the hands of liquidator Jason Bettles and Ivor Worrell of insolvency firm Worrells Solvency & Forensic Accountants.
The company traded through two online portals: the website ourholiday.com.au (which has since been taken down) and through gifts2U.com.au on the auction site eBay Australia. The site focused on Gold Coast apartment blocks such as Circle on Cavill, the Q1 and Chevron Renaissance.
According to a letter to customers sent by Bettles and seen by SmartCompany, customers who booked accommodation for after May 19 have been cancelled, with the liquidator saying the company "is not in a position to refund any payments made by customers".
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