As many as 20% of holidaymakers are set to start their search for a getaway break today.
A survey found that more people are putting a foreign holiday at the top of their spending priorities than last year.
In a similar poll last year, just a third of people said an overseas break was their main priority whereas this year 47% have put an overseas trip at the top of their list.
Travel agent Thomas Cook, who conducted the research predicts that the most popular short-haul package holiday destination for summer 2013 will be Turkey, followed by Spain's Balearic and Canary islands.
Administrator Deloitte issued this statement about Bowen Travel Group going into administration.
"After exploring all possible avenues for the future of the group, it became clear that due to lack of funds it would be unable to continue to trade. As a result an orderly closure is being implemented. We are working hard to assist the 393 employees with generating claims through the Redundancy Payments Service. We are also seeking a sale for the assets of the group in order to retrieve as much value as possible for creditors."
"We are also working closely with Bonded Coach Holidays to assist impacted customers, ensuring that all are fully aware of the situation and next steps. Customers will receive a letter during the coming days providing information and advice for claiming for unfulfilled holidays. We are also seeking an alternative coach operator to fulfil forthcoming trips and ensure the absolute minimal disruption for holidaymakers."