Articles tagged “thomas cook”

What Went Wrong at Thomas Cook in 2018?

What Went Wrong at Thomas Cook in 2018?

Patrick Whyte, Skift

Thomas Cook might have been a victim of circumstance but it probably hasn't helped itself. It is caught between the asset-heavy approach of TUI and smaller, more nimble online rivals. It needs to get its house in order to ensure it doesn't keep repeating the same mistakes.

1 month ago

Truth, Fiction and the Pain Travel Companies Still Suffer From UK’s Brexit Chaos

Truth, Fiction and the Pain Travel Companies Still Suffer From UK’s Brexit Chaos

Patrick Whyte, Skift

Two and a half years after the Brexit vote, the UK is still sorting out its departure from the European Union. As the clock ticks down and the situation gets more serious, we should expect more horror stories in the coming months.

1 month ago

How TUI Weathered Europe’s Summer Heat Wave

How TUI Weathered Europe’s Summer Heat Wave

Patrick Whyte, Skift

TUI seems to have mitigated the potential damage from a challenging operating environment. It will be interesting to see how it sustains its growth over the coming years.

1 month ago

Club Med Owner Fosun Expects Tourism IPO to Hit Lower End of Pricing

Club Med Owner Fosun Expects Tourism IPO to Hit Lower End of Pricing

Crystal Tse, Bloomberg

With stocks falling across the world, it might not be the best time to launch an IPO.

2 months ago

Thomas Cook Looks to Reassure Investors

Thomas Cook Looks to Reassure Investors

Richard Weiss and David Hellier, Bloomberg

Thomas Cook seems to have stemmed the bleeding — now it just needs to come up with a convincing turnaround strategy.

2 months ago

Online Travel Newcomer On the Beach Is Now Worth More Than Thomas Cook

Online Travel Newcomer On the Beach Is Now Worth More Than Thomas Cook

Joe Easton , Bloomberg

The question is: What happens to Thomas Cook, and On the Beach, when Brexit officially begins?

2 months ago

Struggling Thomas Cook Warns on Profits — Again

Struggling Thomas Cook Warns on Profits — Again

Christopher Jasper and Anthony Palazzo, Bloomberg

The drip, drip feed of bad news continues for Thomas Cook. You've got to worry for the company given Brexit is just around the corner.

2 months ago

Europe Travel Giants TUI and Thomas Cook Still Searching for Brexit Answers

Europe Travel Giants TUI and Thomas Cook Still Searching for Brexit Answers

Patrick Whyte, Skift

Travel companies and those destinations that rely on UK tourists may want as little as possible to change after Brexit. The problem is that the ultimate decision is out of their hands.

2 months ago

Expedia CEO: Mergers and Acquisitions Are Always on the Table

Expedia CEO: Mergers and Acquisitions Are Always on the Table

Dennis Schaal, Skift

An Expedia acquisition of Thomas Cook? While problematic on many fronts, including buying all of those offline agents, it isn't out of the question. Consider that Expedia would gain access to a customer base in Europe that it hardly touches. Expedia's Barry Diller has made a ton of acquisitions. He and Okerstrom are hardly done yet.

3 months ago

Botched Summer Travel Forecast Costs Thomas Cook’s Finance Chief His Job

Botched Summer Travel Forecast Costs Thomas Cook’s Finance Chief His Job

Richard Weiss, Bloomberg

The summer is officially over but the steamy stretch in Europe is still being felt in the travel sector. Tour operator Thomas Cook lowered forecasts and pushed out its CFO, all because people chose to stay put this summer.

4 months ago

Thomas Cook Looks to Expedia for Vacation Rental Access

Thomas Cook Looks to Expedia for Vacation Rental Access

Patrick Whyte, Skift

Offering vacation rentals to customers might be some way off, but it shows Thomas Cook is at least thinking creatively about its place in the travel industry. If it is something people want — and they clearly do — then the company needs to at least consider it.

4 months ago

Egypt Cites E. Coli as Cause of Death for Thomas Cook Couple

Egypt Cites E. Coli as Cause of Death for Thomas Cook Couple

Richard Weiss and Tarek El-Tablawy, Bloomberg

At least Thomas Cook, the hotel owners, and the Egyptian tourism industry now know the likely cause of death.

4 months ago