Amid a larger number of high-profile bankruptcies occurring within weeks of each other this fall, companies that sell holiday packages and tours also struggled at a time when many consumers are holding off on discretionary travel spending.
British tour operators Great Little Escapes and Jetline both shut down operations within weeks of each other in the summer of 2025, while Reykjavik-based Tango Travel could not withstand the shutdown of Play Airlines at the end of September. Since the majority of its tour packages included flights on the now-defunct airline, the holiday company, in a domino effect, closed down operations a month later.
In November, British tour company New Era Travel also had to tell customers that it was…