While 2025 brought with it the high-profile bankruptcies of airlines such as Play and Spirit Airlines, many companies running tours and travel packages faced an even tougher time due to lower demand and high number of competitors operating in given markets.
In June, British travel company Great Little Escapes was stripped of its license to operate after reporting sustained losses for the two previous years.
Fellow British competitor Jetline Holidays had similarly closed down operations a few weeks earlier, while Swedish tour provider MixxTravel was declared bankrupt by a judge at the end of July.
As part of the order to shut down operations, the latter company had to cancel both future bookings and, in some cases, tours that…