Between the significant changes in how travelers book trips and consumers who are watching discretionary spending more carefully, it is proving to be a particularly tough time to run a travel agency.
Travel companies that collapsed in bankruptcy over the last year include British firms Great Little Escapes and Jetline, Swedish travel company MixxTravel and French cruise operator Expedis Exploration.
Icelandic tour company Tango Travel, which tied many of its packages to tickets on the low-cost airline Play, was also left incapacitated when the latter shut down abruptly in September 2025. In each case, similar problems around not being able to bring in enough travelers to cover rising expenses plagued travel agencies that in…