I had a holiday due to leave last weekend, and it wasn’t until a week before that the travel company advised cancellation. (They offered options of rebooking, a voucher, or refund though advising that due to volume of people affected refunds may take a while. That to me is not unreasonable, given that they will have paid the airline and hotel, and will not have funds to repay until they are repaid.)
I have another booked for a month’s time that I don’t expect to happen, and don’t want to go because we will certainly not be out of this by then. And I really can’t see international travel being opened up by then, but there is nothing I can do except wait for the travel agent to cancel, whenever that will be.
And I have yet another (!) booked for December, a long haul and rather special one - and that one is more of a concern, for several reasons: It was not booked through an agent, but flights and accommodation separately, so more parties to deal with; It is quite a bit of money; Our present insurance expires before then, and there is a risk that they may have restrictions or limitations on cover available upon renewal, raising uncertainty as to the cover at the date of travel (and I’m guessing the renewal cost may rise significantly). It is far enough ahead that it is just possible things will open up by then, though I have my doubts. But not worth worrying over as there is nothing I can do about it.
(@GavinB, you asked how long people think it’ll be before international flights are re-opened (from the UK, specifically). Impossible to say. Maybe 6 months? Maybe a year or longer? Maybe as little as 4 months? And I am sure very limited to start with when it does. )
The tricky thing with prebooked hols is timing of cancelling, if you want your money back. Specific detail can vary, but most commonly it seems that if the travel company/companies cancel, then you should get your money back (or vouchers etc as already mentioned in this thread), or may be able to claim on insurance if they fail to do so.
However if you choose to cancel yourself, then in many cases you will not get your money back from the travel company/companies, and insurance in many cases will only cover you if at the intended time of travel your government has advised against all except essential travel, or the country you are going to bans entry (or if at the intended time of travel your doctor advises that you shouldn’t travel). But what counts is the situation pertaining on the day of outward travel, not anything at some time in advance: e.g at present UK Gov advises against all but essential travel anywhere, but whilst that appears to meet the requirement, if you cancel now, and that advice is lifted before the date of travel then insurance would not have to pay a penny. So the reality is that no matter how much you don’t want to go given the circumstances, or how much you believe things will not have eased by the travel date, you risk losing the money if you choose to cancel holidays in advance of the travel date: instead you may have to wait until the holiday is cancelled by the provider, or otherwise abandon the trip on the date of travel and claim on insurance.