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roomsXML Works on Securing Bookings

The EUR700 million (USD774 million) travel company Low Cost Holidays went into bankruptcy in London on July 15, whilst some 27,000 clients were on holidays booked through the company.

The closure is likely to affect travellers and as the wholesale arm is one of roomsXML's suppliers, Prakash Bang, managing director, roomsXML, stated "We have 24-hour rotating shifts continuously working to secure all the bookings by paying hotels directly and switching to other suppliers."