The collapse of online travel company has left hundreds of Irish travelers in disarray and they are not happy about it. was set up in Ireland in 2003 by businessman Graham Peakin but moved to Tampa, Florida a number of years ago.

It handles booking for up to 70,000 hotels around the globe.

It announced on Wednesday that it was forced into bankruptcy but not before attempting to restructure its debt.

A statement from the company said , "“All customers should contact their hotel directly to make sure that their reservation is not affected.”

It is believed that some customers may lose out on the rooms they booked with the company.

They added, “We will work diligently to resolve this matter as soon as possible and will provide more information as it becomes available.”

The staff at the Dublin office were informed on Wednesday that the company was in liquidation and there jobs were no longer available.

A last-minute deal to find a buyer for the company fell through on Monday night, the source said.

It is believed that the air travel disruption during the Icelandic volcanic ash cloud in April caused the company a significant loss.

Simon Nugent of the Irish Travel Agents Association said the likely upshot of the company’s closure “is that a lot of people’s bookings are going to be cancelled and they’ll have to pay more to rebook them, especially as they get closer to the departure date”.

He said some consumers may be reimbursed for cancelled bookings via their credit card companies.