Articles tagged “thomas cook”

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 hours 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.

3 weeks 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.

3 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.

5 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.

6 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.

6 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.

6 months ago

Fosun Groups Its Club Med and Thomas Cook Assets Into a New Tourism Entity

Fosun Groups Its Club Med and Thomas Cook Assets Into a New Tourism Entity

Bloomberg

After a series of investments and acquisitions it's always good to regroup and then decide the best way to organize it all. And when you're dealing with two of Europe's most recognizable tourism brands, it's essential to do it right.

9 months ago

Thomas Cook Is Still Paying a High Price For Its Past Sins

Thomas Cook Is Still Paying a High Price For Its Past Sins

Patrick Whyte, Skift

While Thomas Cook has yet to fully step out of the shadow of its near-collapse in 2011, the current management team has at least managed to steady the ship. But 2016 has presented its own challenges with terrorism in Turkey doing particular damage.

9 months ago

Three Months In, UK Travel Industry Learning to Live With Brexit

Three Months In, UK Travel Industry Learning to Live With Brexit

Patrick Whyte, Skift

With the UK government seemingly determined to sever all ties with the European Union, things don’t look great for the travel industry. For the time being there’s not much companies can do but hope for the best.

10 months ago

Thomas Cook Closes 28 More Offices in Shift Away From Downtown Locations

Thomas Cook Closes 28 More Offices in Shift Away From Downtown Locations

Patrick Whyte, Skift

Thomas Cook’s disastrous merger with The Co-operative Group in 2011 gave it more than 1,200 retail shops at a time when the public was switching to online sales. Gradually it has been trying to reduce this number while at the same time improving those deemed to be in key locations.

10 months ago

Thomas Cook Continues to Reshape Its Business With Hotel Outsourcing Deal

Thomas Cook Continues to Reshape Its Business With Hotel Outsourcing Deal

Patrick Whyte, Skift

Thomas Cook wants to offer more exclusive product to try and tempt holidaymakers, so it makes sense for it to find someone else to take care of its less lucrative business.

12 months ago