Success in the travel industry depends on many factors that are often outside the entrepreneur’s control.
With advances in technology revolutionizing the ease with which travelers can book flights and hotels on their own without an agent, travel agencies and booking platforms in particular have struggled to stay afloat amid rising operating costs and dropping customer numbers.
Some agencies and travel companies that either ended up in insolvency proceedings or ceased operations entirely in 2026 include Lastminute.com, TripCase, Trav Expert, Sunshine Tours, Groupia, Salamander Voyages and Travel Bespoke.
In Spain, a commercial court in Girona has now also placed local startup Weyeboo Business Travel into involuntary bankruptcy proceedings after an investigation found that it had no remaining funds to stay in business.
The company was established in 2022 by Jaume Paretas Sacot in the historic medieval city in the autonomous Catalonia region of Spain approximately 60 miles northeast of Barcelona.
Related: Another travel agency shuts down after 19 years
The app promised to connect travelers with local residents in various European cities for “authentic experiences” and book various tours and other activities in the region.
Commercial Court Number Two of Girona listened to arguments that, four years after launch, the app has brought in no revenue. An insolvency administrator has been assigned by the court and the process is now in a 15-day period during which both sides study the case.
Weyeboo Business Travel could not be immediately reached for comment on its situation. It is also not immediately clear whether any travelers who used the app are left with lost bookings or are otherwise affected by the insolvency.
With Weyeboo classified as a terminal insolvency in which the company enters court without funds even to sustain the legal process, the travel app will almost certainly be required to liquidate.
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This is the Spanish insolvency process closest to a Chapter 7 filing in the U.S.
Related: Another airline in bankruptcy, all flights canceled