Breakdowns: Travel Remains Resilient as Tensions Drive Tourism [ABO]


Défaillances : le voyage résiste encore, mais les tensions gagnent le tourisme - Depositphotos.com Auteur Dwara Art

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Altares a recensé 17 486 procédures collectives au deuxième trimestre 2026, soit une hausse de 5,4 % sur un an. Depuis le début de l’année, 37 700 entreprises ont fait défaut, près de 1 500 de plus qu’au premier semestre 2025.

Si le rythme ralentit légèrement, le niveau des défaillances demeure près de 40 % supérieur à celui observé avant la crise sanitaire.

Les très petites entreprises restent les plus exposées (+8,3 % de défauts chez les entreprises de -3 salariés), tandis que les services figurent parmi les secteurs les plus touchés.

A noter également, que les défaillances des entreprises de -3 ans progressent de 12,7%.



Le voyage continue de mieux résister

Dans ce contexte, le secteur du voyage fait figure d’exception relative.

Au deuxième trimestre, les agences de voyages enregistrent un niveau de défaillance identique à celui de l’an dernier, avec 12 procédures ouvertes. Les services de réservation et activités connexes font même légèrement mieux, passant de 10 à 8 défaillances (-20 %).

Seule ombre au tableau : les voyagistes voient le nombre de procédures passer de 1 à 6. Au total, les activités liées au voyage recensent 26 défaillances contre 23 un an auparavant.

La photographie est toutefois plus favourable lorsqu’on observe le premier semestre dans son ensemble. Les activités de voyage totalisent 54 défaillances, contre 59 sur les six premiers mois de 2025, soit un recul d’environ 8,5 %.

Pour Thierry Millon, directeur des études Altares, cette résilience s’explique aussi par la capacité d’adaptation des professionnels. « Le secteur subit malgré tout une situation qui doit l’amener à être très à l’écoute du client. Mais pour y arriver, il faut évidemment être en capacité de pouvoir résister financièrement », souligne-t-il.


L’hébergement décroche, le transport reste contrasté

Thierry Millon estime toutefois que cette résistance du secteur ne doit pas masquer les fragilités qui apparaissent dans d’autres activités touristiques. « Le tourisme présente plutôt des indicateurs de résistance sur les voyages en particulier. Mais cela ne concerne pas encore les activités de l’hébergement-restauration », observe-t-il.

En effet, tous les métiers du tourisme ne suivent pas la même trajectoire.

Altares souligne une forte dégradation de l’hébergement, avec 133 défaillances au deuxième trimestre (+41,5 %). Les hôtels sont particulièrement touchés avec 91 procédures, en hausse de 54 %, tandis que les structures d’hébergement touristique de courte durée progressent également de 50 %.

« L’hôtellerie classique souffrait déjà de la concurrence des hébergements de courte durée. Désormais, c’est à peu près tout le monde qui se retrouve dans la même situation », constate le directeur des études Altarès. Selon lui, les établissements positionnés sur le milieu de gamme sont aujourd’hui les plus exposés, tandis que les offres premium et les établissements les plus économiques résistent davantage.

Du côté du transport, la situation demeure contrastée.

Le transport routier de marchandises reste sous tension, même si les défaillances reculent légèrement (-2 %).

En revanche, les difficultés persistent dans le transport routier de voyageurs, où les défaillances restent concentrées chez les taxis. Altares rappelle que leur niveau demeure plus de deux fois supérieur à celui observé avant la crise sanitaire.


Altares · Corporate Insolvencies
Insolvencies in the Travel & Passenger Transport Sector
Safeguard, receivership and judicial liquidation filings · Q2 2026
Q2 2026
vs Q2 2025

National Context
Altares Study — Paris, July 16, 2026
Nearly 17,500 insolvencies in Q2 2026 (all sectors combined) (+5.4%)
With 17,486 open procedures, the second quarter confirms the high level of insolvencies in France. Since the start of the year, 37,700 companies have defaulted, two-thirds directly in liquidation, i.e. 1,500 more than in the first half of 2025. Difficulties hit especially very small and young firms, moderating the social impact of the rise: the number of jobs at risk falls by 9.5% year on year to 58,830 staff.
17 486
Q2 Procedures

37 700
in 6 months

58 830
jobs at risk (−9.5%)

+1 500
vs 2nd half 2025

Key Figures · Q2 2026 – Travel & Transports

Travel — All Travel Sub-sectors
26
insolvencies
▲ +13,0 % vs Q2 2025

Travel Transports
270
insolvencies
▲ +1,5 % vs Q2 2025

Combined Total
296
insolvencies
▲ +2,4 % vs Q2 2025



Focus
Travel Sector
26 insolvencies in Q2 2026

Travel Agencies
7911Z

12
= 0,0 %

vs 12 in Q2 2025 · 18 in Q2 2024

Q2 22Q2 23Q2 24Q2 25Q2 26

Tour Operators
7912Z

6
▲ +500 %

vs 1 in Q2 2025 · 8 in Q2 2024

Q2 22Q2 23Q2 24Q2 25Q2 26

Booking Services
7990Z

8
▼ −20,0 %

vs 10 in Q2 2025 · 11 in Q2 2024

Q2 22Q2 23Q2 24Q2 25Q2 26

Ensemble Voyages — Annual Insolvencies History
Travel Agencies + Tour Operators + Booking Services

96

93

97

94

72

90

103

120

104

2017
2018
2019
2020
2021
2022
2023
2024
2025

Analysis : After a peak at 120 insolvencies in 2024, the travel sector returned to 104 in 2025 (−13.3%). In Q2 2026, the trend reverses with 26 insolvencies versus 23 in Q2 2025 (+13.0%). The rise is driven by tour operators (6 versus 1 in Q2 2025), while travel agencies remain stable (12) and booking services retreat (8 vs 10, −20%).



Distribution of the 26 Travel Insolvencies · Q2 2026
Agencies 46,2 %
Tour Operators 23,1 %
Booking Services 30,8 %

Travel Agencies (12)
Tour Operators (6)
Booking Services (8)



Transports
Passenger Transport
270 insolvencies in Q2 2026


Taxis & VTC — Sector under intense strain
4932Z
254
insolvencies in Q2 2026
▲ +1,6 %

Taxis and VTC account for 94.1% of the insolvencies in the passenger transport sector. The rise has been ongoing since 2021 (305 → 859 in 2025). In Q2 2026, it cools slightly: 254 insolvencies vs 250 in Q2 2025.

319

515

571

339

305

395

470

648

859

2017
2018
2019
2020
2021
2022
2023
2024
2025

Other Transport Sub-sectors · Q2 2026

Sub-sector
Q2 2025
Q2 2026
Change

Maritime Transport
4
3
−25 %

Inland Water Transport
0
0

Air Transport
0
1
n.s.

Regular Road Transport
7
4
−42,9 %

Other road transport
9
11
+22,2 %



Summary
Yearly Evolution — Comparative

Travel Sector
Annual Insolvencies 2017–2025
2017
96
2018
93
2019
97
2020
94
2021
72
2022
90
2023
103
2024
120
2025
104

Passenger Transports
Annual Insolvencies 2017–2025
2017
453
2018
650
2019
669
2020
413
2021
341
2022
454
2023
543
2024
726
2025
927

Source : Altares — Corporate insolvency statistics
Safeguard, receivership and judicial liquidation filings · Q2 2026
NAF codes : 7911Z, 7912Z, 7990Z (Travel) · 5010Z, 5030Z, 5110Z, 4932Z, 4939A, 4939B (Passenger Transport)



Une économie qui manque toujours d’élan


Ce qu’il faut retenir du baromètre Altares au 2e trimestre 2026

  • 17 486 défaillances d’entreprises ont été enregistrées au 2e trimestre, soit +5,4 % sur un an. Le premier semestre totalise 37 700 procédures, un niveau toujours très élevé.

  • Les défaillances restent près de 40 % supérieures à leur niveau d’avant-Covid, malgré un ralentissement de leur progression depuis plusieurs mois.

  • Les très petites entreprises demeurent les plus fragiles : les structures de moins de trois salariés représentent 75 % des procédures et voient leurs défaillances progresser de 8,3 %.

  • Les jeunes entreprises sont particulièrement exposées : les sociétés de moins de trois ans enregistrent une hausse de 12,7 % des défaillances, majoritairement sous forme de liquidations judiciaires.

  • L’impact sur l’emploi recule : malgré la hausse des procédures, le nombre d’emplois menacés baisse de 9,5 %, à 58 830 salariés.

  • Les services aux entreprises décrochent (+13,9 %), tout comme les services aux consommateurs (+15,7 %), tandis que l’agriculture (+21 %) connaît une forte dégradation.

  • La construction résiste globalement (-0,8 %), grâce au recul des défaillances dans le gros œuvre et le second œuvre, même si la promotion immobilière reste en grande difficulté.

  • Le tourisme présente un visage contrasté : les activités de voyage restent relativement résilientes, mais l’hébergement se dégrade fortement avec une hausse de 41,5 % des défaillances, dont +54 % pour les hôtels.

  • La moitié des régions françaises repasse dans le vert, notamment la Bretagne, la Normandie, la Bourgogne-Franche-Comté, le Centre-Val de Loire, la Corse et la région Provence-Alpes-Côte d’Azur. À l’inverse, Auvergne-Rhône-Alpes enregistre une envolée des défaillances (+22,9 %).

  • Pour Altares, le reflux des défaillances n’est pas encore en vue. Avec une croissance attendue limitée à 0,7 %, une consommation atone et des coûts d’exploitation toujours élevés, le cabinet anticipe 34 000 à 35 000 nouvelles procédures collectives au second semestre 2026.

Post-2025 Tensions: Coach Operators Confront the Energy Crisis


"Faire plus avec moins ne doit pas être un slogan, mais une méthode", selon la FNTV - Depositphotos

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In tourism, crises are a bit like trouble—like the saying goes, they come in swarms, a notion attributed to Jacques Chirac.

Bus operators, like other sectors, are currently facing several crises that are colliding with one another. According to the FNTV 2025-2026 activity report, the year 2025 was already a tense one.

After two years of growth, activity slowed down due to the political context and economic uncertainty.

And 2026 looks set to be even tougher. In mid-April, BlaBlaCar announced the closure of its subsidiary dedicated to Cars Macron, while bus operators have just acquired vehicles to operate routes served by the company, as Ingrid Mareschal, the FNTV’s general delegate, told us.

For its president, Jean-Sébastien Barrault, 2026 is now the year of the energy crisis.

We are no longer in a growth-driven dynamic, but once again confronted by an energy crisis following the conflict in the Middle East. Moreover, the sector must now cope with vehicle delivery difficulties.

Global demand is strong, European production capacities have diminished, and manufacturers are struggling to secure spare parts.

On top of that, tax increases are piling up. Business leaders are adapting, but the accumulation of hurdles weighs on their morale
“, he explained in this 40-page document.


“Doing more with less should not be a slogan, but a method,” says the FNTV

In light of this assessment, the union emphasizes its full mobilization to its members.

Moreover, part of the sector also has to contend with a cut in public expenditure, while activity is sometimes subsidized, as is the case for urban or school transportation.

Our challenges are immense: to succeed in the energy transition, to expand the offering, and to spark a genuine desire for coach travel to persuade more users to leave their car.

All of this within a tight budgetary context, where public money is becoming scarcer, against a backdrop of generalized cost increases, especially of fuels.

Doing more with less must not be a slogan,
but a method
“, continues the union president.

According to him, it is time to secure longer contracts and a more collaborative approach that would allow bus operators to project themselves into the long term.

They would thus be better positioned to invest in a newer, more environmentally friendly fleet.

A proactive rather than punitive approach can help optimize our fares rather than embedding penalties in the prices, which mechanically raise our offers.

In other words, solid contractual practices can enable greater influence, faster decarbonization, and control of public expenditure. Our clear objective is to defend modern, safe, and accessible coach mobility.

But to succeed, we need a stable, coherent, and ambitious framework
“, concludes Jean-Sébastien Barrault.


The FNTV welcomes the Ambition France Transports conference

Among the positive achievements of 2025, the Ambition France Transports conference stands out.

It enabled the drafting of a framework law on transport development, presented to the Council of Ministers on February 11, 2026. It established a framework offering financial prospects and clarified governance for road passenger terminals.

Moreover, the famous Cars Macron, celebrating their 10th anniversary at the time, surpassed their pre-crisis activity level.

“”They have undoubtedly earned their place in the mobility offer, but their development will depend on upgrading infrastructure, especially road stations.

By tackling this issue head-on, one can hope that the law resulting from the Ambition France Transports conference will give a boost to the ‘Cars Macron’,” explained the union president.

He also mentioned a reduced tension in employment, particularly for drivers, even though the balance remains fragile. The average age of drivers exceeds 50 years. A significant renewal will therefore need to be undertaken in the coming years.

A substantial effort to rejuvenate and modernize the profession remains to be pursued.


🚌
📋 Key Figures 2025
66,564
COACH SERVICES IN FRANCE
as of January 1, 2025

Dashboard for tourism professionals and collective mobility — an industry comprising 2,624 companies and 107,008 employees.

💰

11.3 Billion €
turnover
interurban transport

🎟️

11.1 M
passengers
Cars Macron 2024

🌿

× 30
cars replaced by
one coach

🎒

~2 M
students transported
every day

👷

82 %
of employees
are drivers

44 %
invest in
new energies

🚌
🗺️ National Offer & Network
🎟️

11.1 million
passengers carried
on Cars Macron in 2024

👥

2,745
employees dedicated
to Cars Macron

💰

11.3 Bn€
turnover for
interurban transport

🏢

2,624
companies
in the sector

🛣️

2,191
carpooling
areas

⏱️

18 months
delivery time
for a new coach

🚌
🧳 Passengers & School Transport

Tourist Coaches
Seniors or juniors
85 %
Corporate travel
59 %
National & international
50 %
Family travel
41 %

12.8 million
passenger trips
carpooling 2024

School Transport
🎒

~2 million
students transported every day

🚌

36,000
school drivers mobilized

📊

75 %
school trips by coach percentage

🚌
👷 Employment & Environment
📋

77 %
of hires
on permanent contracts

🎯

82 %
of employees
are drivers

44 %
of companies invest
in new energies

🌿

1 coach
= 30 cars fewer
on the road — champion of sustainable mobility

⚠️

Recruitment pressure

33 % of companies struggle to recruit full-time drivers
61 % face difficulties for part-time positions

Tourism Amid Geopolitical Tensions: Health of Industry Leaders and Employees at Stake


Le Tourisme face aux tensions géopolitiques : Cathy Bou, fondatrice et dirigeante d’AGAPÈ s’exprime sur le sujet © nidimages / Nicolas Demare

Top of Travel


Fresh from the COVID-19 pandemic, the sector is once again put to the test. Gulf monarchies, once hailed as the safest tourist destinations in the world, have in a single day become among the riskiest places.

Caught in a trap, thousands of holidaymakers turn to their travel agencies. Between emergency repatriations, destination changes and refund requests, travel agents and tour-operator teams, the magicians of our holidays, must face immense psychological pressures, and their mental health is undoubtedly affected. A silent deterioration of working conditions for these agents takes hold, exacerbated by the psychological precarity that the sector’s probable collapse could entail, with massive layoffs looming.

The closing of airspaces, navigational difficulties at sea, skyrocketing oil prices and surging insurance premiums have finally redrawn the map of zones accessible to tourists with fewer risks. “Dubai used to account for 70% of my annual turnover. Overnight everything collapsed. Today I spend two-thirds of my time reassuring clients who are blocked or panicked, while the remaining third is spent undoing what I had spent months building. Reprogramming isn’t even on the agenda given the great uncertainties about the end of this conflict in the Middle East. The hardest part for us travel agents is imagining our professional future. It’s truly depressing.” Sabrina, a staff member, portfolio manager for Maghreb and the Middle East at a French tour operator, shares with us.


Industry professionals on the brink of burnout

“We have shifted from dream merchants to firefighters. I used to sell dreams, dream destinations, voyages that changed lives. Now I am on the verge of becoming a psychologist, not knowing what tomorrow holds – how can we continue to sell when we are the ones on the edge of a nervous breakdown?” confides Sandrine, an employee at the same company. In this climate of emotional precarity and operational survival, how can a process aimed at achieving certifications or labels such as Travelife-ISO20121 – 26000-ATR or any other framework be steered?

What challenges lie ahead for the CSR approach, and what levers can the CSR consultant pull?


Challenge 1: Priorities

When a crisis hits in the middle of a certification-support process, the CSR consultant faces the paradox of priorities: urgency versus the standard.

Sabrina has just spent the day coordinating the evacuation of 200 tourists stuck in Abu Dhabi without success. The airport and the region’s airspace are closed. Sandrine has spent the last half hour dealing with the anger of a young married couple whose honeymoon in Dubai has just been cancelled. The two employees are in an extremely tense emotional state. At the same moment, the CSR consultant accompanying their company toward renewing its certification enters the office. The look she exchanges with the two employees convinces her that this is not the right moment to discuss standards*.

* The names have been altered to avoid identifying the individuals concerned


Challenge 2: Embody CSR, not endure it

For Agapè, the CSR consultant’s role in such a context is to show empathy, to listen to the management and to the employees, and not to appear as a zealot defender of the standard, adding an extra workload. The consultant has a moral obligation to immerse themselves in the palpable tensions in order to reshape the certification process agenda, reorganize the schedule, and demonstrate that it is ultimately a pedagogy, a guidance toward practices that preserve human beings first, then the planet.


Challenge 3: Social effectiveness

The social dimension is the central pillar of any corporate social responsibility approach, says Cathy Bou, founder and CEO of AGAPÈ.

Lately, we are encountering many cases of psychological pressure and decline in the quality of life and working conditions (QVCT). Our own situation could deteriorate as we encounter sensitive scenarios. Yet, our reading of the frameworks requires us to prioritize the protagonists, to consider sustainability in its entirety (Social, Economic, Environmental). It is certainly common for environmental concerns to take precedence.

The challenge for the consultant in this anxiety-filled climate for company leaders and their employees is to be a buffer between all parties. To succeed in their mission, the consultant must ensure that the management’s order of priorities is reversed. “They must convince the leadership to place health and safety — for themselves, their employees, collaborators and other providers — at the top of the CSR priority stack.” No certification would be credible if it is built on social distress and the collapse of teams. In such a case, the initiative would be nothing more than a “social-washing”.

When the initiative lacks humanity, when the consultant and the management ignore distress, the CSR standard will inevitably be perceived as cynicism by stakeholders, a new checkbox for the management. “We are asked to be eco-responsible certified, to think about carbon footprints or waste management while there are sickness absences, burnouts, fatal accidents during missions — it’s the height of cynicism.”


Contact Agapè CSR to initiate your process


Excluding Non-IATA Agencies, Tensions in the Gulf: AERTiCKET Makes Group Bookings and Assistance Its Top Priority


© AERTiCKET

Dream Yacht


The decision by Air France to reserve TIGRE Web, its group booking platform, access for IATA-accredited agencies starting from July 1, 2026, further underscores the need for non-IATA agencies to rely on a solid partner capable of ensuring continuity and operational control.

A dedicated team and comprehensive management for all agencies

The AERTiCKET Groups service remains open to all agencies, IATA or non-IATA. Requests are submitted via the “Groups” tab, then handled by a dedicated team, expert in multi‑airline negotiations and operational follow-up.


AERTiCKET handles the entire dossier lifecycle:

• Tariff research and optimization,

• Tracking of options,

• Management of passenger lists,

• Early issuance to secure rates,

• Coordination with airlines in case of adjustments.

This organization enables agencies to maintain total commercial control, while relying on a reliable partner for the technical and operational aspects.


A market in flux that demands a solid partner

The restriction of access to TIGRE Web sits within a broader sector evolution: NDC, dynamic availabilities, price volatility, shorter option windows… Agencies must navigate a more complex environment where responsiveness and operational control become essential.

AERTiCKET responds to these challenges by providing a stable framework, harmonized processes and consolidated expertise, enabling agencies to secure their files while optimizing their margins.


Support that goes beyond pricing alone

In a market subject to rapid evolution, agencies need a partner capable of providing constant monitoring, including when international events disrupt airline operations. It is in these sensitive situations that the unified AERTiCKET France / CMS Vacances organization proves its full value.


Continuity of assistance: constant dossier tracking during tensions in the Persian Gulf

Recent tensions in the Persian Gulf have led to reroutings, flight plan adjustments and increased price volatility. For agencies, this implies a heightened need for visibility, anticipation and coordination.

AERTiCKET ensures total continuity of assistance, with constant dossier tracking and continuous operational vigilance at all times.


Specific monitoring for sensitive zones


Regular training to optimize the use of Cockpit and AER360

To facilitate the daily work of agencies and to allow them to fully exploit the tools at their disposal, AERTiCKET offers regular training sessions dedicated to Cockpit and AER360. These webinars help teams become more efficient and better anticipate complex situations.

The trainings offer the possibility to:

Discover the advanced features of both platforms,

Master the best practices for submitting, tracking and adjusting group requests,

Streamline operational management thanks to modules dedicated to passenger lists, options and issuances,

Use the integrated tracking tools to anticipate disruptions,

Simplify daily work through a more intuitive and more complete use of the interfaces.

These sessions, offered throughout the year, are suitable for both new users and teams wishing to perfect their mastery of the tools.


A clear ambition: to be the most reliable and closest partner for agencies

With its Groups service open to all, its unified organization, its ability to ensure continuous assistance and its tools that are constantly evolving, AERTiCKET France and CMS Vacances reaffirm their ambition: to offer agencies strong support, genuine proximity and top-tier expertise, whatever the market conditions.



Exclusion des agences non-IATA, tensions dans le Golfe : AERTiCKET fait des Groupes et de l'assistance sa priorité absolue
Websites:

– www.aerticket.fr

– www.cmsvacances.fr

Email: [email protected]

Phone: +33 (0)5 56 55 48 62/48 57

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