Another travel company shuts down, cancels all trips
Over the last year, a number of British travel agencies in particular have had to either file for bankruptcy or shut down operations entirely.
Great Little Escapes and Jetline both shut down operations within weeks of each other in the summer of 2025 while Hampshire-based New Era Travel followed with a similar announcement that it was forced to liquidate in November. The company launched in 2022 and sold various tour packages to countries such as Spain, Australia and the United States from smaller and regional UK cities.
In the early days of 2026, the British Civil Aviation Authority (CAA) confirmed that London-based Regen Central has also lost its license to operate as a tour company. The travel agency was founded in 2011 and sold flight-hotel packages to destinations like Dubai, Bali and various cities in Thailand among others.
Asiara Holidays stops trading, shuts down business
The latest news of a shutdown in the UK comes around travel agency Asiara Holidays. Established in 2022 under the registered name Asiara UK, the company specialized in custom small-group tours to various Asian countries from its base in the eastern city of Ipswich.
According to the CAA, the agency operated as a franchise under the larger booking platform Protected Trust Services and was formally dissolved on Jan. 13 before stepping down from trading as an Air Travel Organisers' Licensing (ATOL) holder on Jan. 21. The agency also operated under names like Haivenu Tours and held offices in several cities in different parts of Vietnam.
Related: Travel agency shuts down after losing license, all trips canceled
As of February 2026, the Asiara website remains up and advertises tours based around activities like birdwatching, cycling and cuisine. Asiara also proposes customers a wide range of Asian countries in which it was offering to build a custom itinerary — popular holiday destinations like Vietnam and Thailand but also less-visited countries like Brunei, Mongolia and Turkmenistan.
A CAA representative said that Asiara had wound down starting most new trips in the summer of 2025 but was still running a few tours in Vietnam at the time it announced that it was shutting down; those with booked trips or disrupted travel have been asked to contact PTS directly for their options.
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Trip disrupted by travel company shutdown: your refund and rebooking options
In the UK, customers who booked trips with an ATOL license are guaranteed a refund in the event that a company collapses.
Recent travel company bankruptcies:
- 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.
- New Era Travel: Ceased operations in November 2025. The Hampshire-based tour operator had been taking British travelers to Spain, Australia, and Las Vegas, among other destinations.
"Consumers who require assistance regarding their booking, should contact PTS directly by emailing emma.collis@protectedtrustservices.com," the CAA said further in its statement.
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On its website, PTS also promises protection "whether you're booking a weekend away or a round-the-world cruise, a staycation or the overseas trip of a lifetime."
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