Lack of a viable banking system would lead to economic catastrophe, lack of cash circulating, mortgage default, unable to get cash, inflation hikes and probable civil riot.
One travel agent going bust does not have the same effect.
A woman from Bradford was in tears at Mallorca Airport on the news as they had to wait 9 hours for a flight and the biggest issue was her son was starving as he did not like any of the food at the airport.
Typical Spanish no McDonalds, KFC or Burger King - fecking disgraceful
We were caught up in the Monarch collapse not knowing they owned the company that did the hotel bit, suffice to say we were offered an alternative option at no extra cost and were advised the original hotel would not have been paid, good service from Travel Republic
Sad day but the company has struggled for quite a while and never really moved with the times in my view.
Still have rather a lot of holiday shops, although less than previous but I really do not know anyone who goes into a shop and books a holiday these days when you can do it all from a PC...