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Articles tagged “thomas cook”

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.

1 week 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.

2 weeks 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.

2 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.

2 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.

4 months ago

Europe’s Largest Tour Operators Are Doing Well Now But It’s Next Year That Matters

Europe’s Largest Tour Operators Are Doing Well Now But It’s Next Year That Matters

Patrick Whyte, Skift

Strange as it may sound, tour operators appear to be in a good position this summer. The real challenge will come later this year and early next year when a Brexit-induced hangover may kick in.

4 months ago

Thomas Cook Stocks Drops to 3-Year Low On Turkey and EgyptAir Plane Worries

Thomas Cook Stocks Drops to 3-Year Low On Turkey and EgyptAir Plane Worries

Richard Weiss , Bloomberg

Turkey is Thomas Cook's second largest destination and the unsettling security situation there has hurt demand. Worries over the EgyptAir missing plane sent Thomas Cook's shares lower, as well.

7 months ago

Lufthansa Looks at SAS in Move to Accelerate Airline Consolidation in Europe

Lufthansa Looks at SAS in Move to Accelerate Airline Consolidation in Europe

Richard Weiss, Bloomberg

Lufthansa's CEO on airline consolidation in Europe: “So we are speaking with everyone, and everyone is speaking to us.” Enough said.

8 months ago

Thomas Cook Extends Its Sharm el-Sheikh, Egypt Travel Ban Until Fall

Thomas Cook Extends Its Sharm el-Sheikh, Egypt Travel Ban Until Fall

Associated Press

Thomas Cook doesn't make decisions like this lightly. It's a clear sign of the brand's dropping confidence in Egypt's leadership and the country's safety for package tourists.

9 months ago

Thomas Cook Sees More Demand for Old-School Packaged Tours Due to Terror Fears

Thomas Cook Sees More Demand for Old-School Packaged Tours Due to Terror Fears

Richard Weiss, Bloomberg

Tour groups aren't immune to danger from terrorists any more than travelers who aren't on tours. It's tour operators' customer service on the ground and ability to facilitate travel disruptions that has some travelers flocking to them.

10 months ago

Thomas Cook’s Airline Unit Woos Lufthansa for Partnership

Thomas Cook’s Airline Unit Woos Lufthansa for Partnership

Richard Weiss, Bloomberg

Thomas Cook is facing increased competition in the Caribbean and a partnership with Lufthansa could help the tour operator to control its costs.

12 months ago

Thomas Cook Trying to Get the Cash It Needs to Compete with TUI, Expedia and More

Thomas Cook Trying to Get the Cash It Needs to Compete with TUI, Expedia and More

Benjamin Katz and Joe Mayes, Bloomberg

We would argue that by comparing itself to what TUI is doing Thomas Cook is missing some of the bigger changes in travel consumers' behaviors.

1 year ago