Credit card debt has a way of sneaking up on you. One month, you’re charging a few essentials to a rarely used credit card, and the next month you’re staring at a balance that grows despite your best efforts to chip away at it. While there are a lot of factors at play in that equation, right now, a major part of the issue is that credit card interest rates are hovering above 22% on average,…

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…