A travel company based in Huddersfield has stopped trading after entering insolvency.
The Association of British Travel Agents confirmed that the company had ceased trading today.
ABTA say around 70 customers are currently on holiday and that their arrangements will not be affected.
They estimate that around 1,300 accommodation only bookings will be eligible for refund.
An additional 400 flight packages are protected by ATOL cover with more information on their website.
ABTA say there are around 300 forward bookings where Air Parade provided the accommodation via another company. Customers are advised to contact the company they used to book the accommodation.