Articles tagged “thomas cook”

Thomas Cook China Operation Faces Strong Opposition

Thomas Cook China Operation Faces Strong Opposition

Patrick Whyte, Skift

China is a tiny part of its overall business right now, but Thomas Cook is thinking long term. Whether the company's expansion into China is a success or not will probably come down to the strength of its local opposition, which is deeply entrenched.

3 weeks ago

Thomas Cook Sees Profit Slump in UK Division

Thomas Cook Sees Profit Slump in UK Division

Patrick Whyte, Skift

Thomas Cook indicated that the problems in the UK were specific to this summer and that overall the business is in good shape. That might be the case but if the UK economy is hit by any Brexit-related issues in 2018 it could be a similar story – or worse – next year.

3 weeks ago

Interview: Expedia CEO Sees an Opening With Chatbots to Loosen Google’s Grip on Travel

Interview: Expedia CEO Sees an Opening With Chatbots to Loosen Google’s Grip on Travel

Dennis Schaal, Skift

The online travel environment is transitioning at a hectic pace when you consider mobile and artificial intelligence. Expedia's new CEO, Mark Okerstrom, will have to find a way to chart his company's evolution at an appropriate speed to keep up. It won't always be smooth sailing.

3 months ago

Thomas Cook and Expedia Reach Wide-Ranging Deal for Hotel Sourcing and Selling

Thomas Cook and Expedia Reach Wide-Ranging Deal for Hotel Sourcing and Selling

Patrick Whyte, Skift

Thomas Cook's efforts to strip its hotel business back to its core exclusive sun and beach properties continues. The deal with Expedia seems more wide-ranging than the previous tie-up with Webjet, and chief executive Peter Fankhauser's comments hint at a potential for a closer arrangement in the future.

3 months ago

Spain Attacks Won’t Adversely Impact European Travel Market, Says TUI CEO

Spain Attacks Won’t Adversely Impact European Travel Market, Says TUI CEO

Christopher Jasper, Bloomberg

Tragedies happen and people keep on traveling because — as an IAC/Expedia official put it soon after 9/11 — without travel there is no life. TUI and other tour operators are optimistic about their forecasts.

4 months ago

Tour Operator CEOs Say Turkey Is Coming Back to Take the Strain Off Spain

Tour Operator CEOs Say Turkey Is Coming Back to Take the Strain Off Spain

Patrick Whyte, Skift

Tour operators have longed for Turkey and, to a lesser extent, Egypt and Tunisia to return to their previous popularity. All of these destinations offer better value to consumers than Spain, which is at close-to-full capacity and more expensive. Their return is also good news for the people who rely on tourism for a living.

4 months ago

Thomas Cook To Let Guests Choose Their Own Rooms as Operator Accelerates Hotel Improvements

Thomas Cook To Let Guests Choose Their Own Rooms as Operator Accelerates Hotel Improvements

Patrick Whyte, Skift

Under CEO Peter Fankhauser, Thomas Cook has quietly managed to turn itself around. The situation this year has undoubtedly been aided by an improving geopolitical climate but a more focussed, higher-quality product offering has also helped.

5 months ago

Thomas Cook Is Cautiously Optimistic About its China Business

Thomas Cook Is Cautiously Optimistic About its China Business

Dan Peltier, Skift

Thomas Cook has hit the ground running in China but it's not running away from its core business in Europe. The group doesn't want to be too aggressive in China before its made more of a name for itself in the market and sees how consumers respond.

7 months ago

Thomas Cook Abandons Practice of Separating Hotel Guests by Nationality

Thomas Cook Abandons Practice of Separating Hotel Guests by Nationality

Christopher Jasper, Bloomberg

For most people, the idea of separating travelers based on nationality seems both old fashioned and a little odd. Forcing Brits to mingle with other nationalities (and vice versa) might do wonders for European integration. Although given the countdown to Brexit has already begun, it's probably a little late in the day.

9 months ago

Despite Spain’s Strength Thomas Cook Targets Greece for Tourism Growth in 2017

Despite Spain’s Strength Thomas Cook Targets Greece for Tourism Growth in 2017

Patrick Whyte, Skift

While it's good news for Greece that bookings are on the rise, the struggle to find value in Spain shows just how difficult a summer it might be for European tour operators. Thomas Cook's cautious outlook hints at gloomier times ahead.

10 months ago

Thomas Cook Under Pressure Over Executive Pay

Thomas Cook Under Pressure Over Executive Pay

Bloomberg, David Hellier

How much is a CEO worth? For years executive pay has increased at a rate completely out of proportion to that of the average worker. This isn't good for business and it isn't good for society.

11 months ago

EU Is Investigating Tour Operators Over Suspected Anticompetitive Practices

EU Is Investigating Tour Operators Over Suspected Anticompetitive Practices

Patrick Whyte, Skift

The likes of Thomas Cook and Tui Group should be wary of Commissioner Margrethe Vestager, who in the past has taken on Google and Apple. Should she find anything amiss there is the potential of a sizable fine and a revamp of their practices.

11 months ago