While airlines face a particularly challenging landscape with the current cost of jet fuel, many travel companies and agencies selling various holiday travel packages are also struggling with a high cost of operations and travelers who can book their own travel online.
Travel Bespoke, Great Little Escapes, Salamander Voyages, and Jetline in the United Kingdom as well as AVG Travels in Australia and GoPlay Sports Tours LLC in the U.S. are among the countless other travel agencies that shut down in various parts of the world since the start of 2026.
In October 2025, French cruise line Expedis Exploration also filed for bankruptcy after a partnership with a Canadian cruise company offering trips to Antarctica ultimately fell through.
Set Sail Cruises dissolved as travel agency, all trips off
Also on the cruise end, new reporting revealed that an agency selling cruise packages to British people has been dissolved since March 2026. Set Sail Cruises Ltd., a company founded out of Oxfordshire in 2024, was dissolved through strike-off process in which it was removed from the Companies House register.
The branch of the British government oversees incorporating and dissolving corporations registered in the country and removed Set Sail Cruises from its registry after the travel agency missed a deadline to produce key regulatory documents.
Related: Disney Cruise Line quietly changes key onboard rule
Set Sail Cruises is now no longer registered as an active company which means that it is unable to legally sell holiday packages or take travelers on organized tours. It is not immediately clear how many trips were canceled or how many travelers are affected.
Through its original registration, Set Sail Cruises listed its primary business purpose as “travel agency activities” but currently does not have an active website that shows which kinds of cruises it sold.
Set Sail Cruises is also the name of an unrelated company selling sailing trips around the Gold Coast of Australia. There is also the possibility that the Oxford-based Sat Sail Cruises was a shell company not running any real operations.
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What happens when the company that sold my tour shuts down
Such a dissolution means that anyone who lost money on a canceled tour needs to seek compensation through their credit card, travel insurance or government bankruptcy procedures rather than from the company that has collapsed.
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Some travel company bankruptcies in recent years:
- Great Little Escapes: The British travel company filed for bankruptcy after running up losses of £77,000 ($103,000 USD).
- Unitravel Kft: The Budapest-based tour operator blamed “new, foreign companies enter[ing] Hungary with huge financial resources” for a financial breakdown that led to it having to suddenly cancel trips that in some cases were already halfway through.
- MixxTravel: The Malmö-based travel company was forced to cancel trips and wind down operations after being declared bankrupt by a judge in August 2025.
- Tango Travel: The Icelandic tour operator went bust in November 2025 after major partner Play Airlines filed for bankruptcy and stopped operations a month earlier as many of the packages it sold included tickets from the defunct airline.
- New Era Travel: Ceasing operations in November 2025, the Hampshire-based tour operator took British travelers to Spain, Australia, and Las Vegas, among other destinations.
Related: Another airline shuts down and cancels all flights over fuel crisis
