Grupo Marsans

Grupo Marsans was a private Spanish consortium mainly dedicated to tour operations. It had operations in Spain, France, Italy, Brazil, Mexico, Venezuela, and Argentina, as well as representations in Latin America. It was founded in 1910 and based in Madrid, Spain. Over the years it became Spain's largest travel agency. According to Spanish newspaper ABC, the downfall of Grupo Marsans was precipitated by mounting financial difficulties arising from the inability of the management to properly handle the airlines that had been gradually incorporated, which eventually led to a €320 million debt the group was unable to afford. The company went out of business in 2010.