CTC Holidays and Tours wound down after 20 years

The Cycling UK Board has opted to wind down its subsidiary CTC Cycling Holidays and Tours business after 20 years’ trading and hundreds of cycling excursions around the globe.

With the travel business having taking the brunt of the coronavirus’s many chapters, the announcement comes as countries once again draw up red lists in the face of the Omicron variant making headlines and creating uncertainty. As a result, liquidators have now been appointed for the travel business.

A post to the firm’s website reads:

“CTC H&T will be honouring holiday bookings already made and will run the remaining tours this season where the minimum participant levels have been reached.

“It has not been an easy decision, but the ongoing holiday travel chaos caused by the Covid pandemic has forced everyone in the travel industry to take a hard look at their operating model and viability in an uncertain future. CTC Cycling Holidays & Tours has had to cancel the bulk of this and last year’s tours and to weather the subsequent loss of income.

“In response, Cycling UK trustees alongside the CTC H&T directors have looked at a variety of options to enable the company to continue, that are both compatible with charitable aims and, crucially, what the market demands and the resource required in order to deliver it.

“Cycling UK’s CTC H&T model was unique in being set up to provide a framework for cycle tours, designed and led by volunteers for other members and at one time it boasted thousands of participants.”

While the paid for tour business has suffered immensely during the pandemic, with very little Government support, cycle tourism within a country’s own borders has generally benefitted from the pandemic with incredible ongoing benefits to local economies; in Europe numerous records were broken in the summer of 2020.

Also listed as having appointed liquidators in December, London’s Tally Ho! Cycle Tours has wound up its business.