Tom Lowry, Skift
You heard in Singapore first. The CEO of the Fosun Tourism Group did not deny the company was moving ahead with a larger play for Thomas Cook at Skift Forum Asia. Keep your eyes peeled for what would be one of travel's biggest deals of 2019.
1 week ago
Sandrine Rastello, Bloomberg
What could a real estate player possibly want from buying a tour operator? The answer, hotels. Transat is growing its hotel division, with a goal to add 5,000 rooms in places such as Mexico and the Caribbean in the next few years.
2 weeks ago
Patrick Whyte, Skift
Given that Thomas Cook released a statement about the potential sale, this looks pretty serious. But it begs the question: Just what will Thomas Cook have left if and when it sells its airlines and Nordics divisions?
4 weeks ago
Patrick Whyte, Skift
Fosun has quietly integrated the companies it has either invested in or bought into its Foliday ecosystem, with the plan to manage and control every stage of the tourism experience.
4 weeks ago
Patrick Whyte, Skift
Announcing such a big loss is not a good look for any company, but Thomas Cook management will be hoping they've got all of the bad news out at once and use some breathing space to shore things up.
1 month ago
Patrick Whyte, Skift
TUI's global plans are ambitious and bring it into direct competition with strong local online players, but as the CEO said, it only needs a relatively small number of customers to fulfill its needs.
1 month ago
Dennis Schaal, Skift
Booking.com's hotel focus has given way to a strategy to serve travelers at every portion of the trip. TripAdvisor already does it, Expedia too. Airbnb is on that full-service road. So Booking.com will have plenty of company.
1 month ago
Andrea Felsted and Marcus Ashworth, Bloomberg
The debt-laden European tour operator's ongoing struggles are reaching a breaking point. It's still possible to get its house in order, though, and if it can achieve this, it could still pull through.
1 month ago
Sandrine Rastello, Bloomberg
Canadian tour operator Transat says multiple bidders have approached it, possibly including Air Canada or TUI. The news comes as Thomas Cook is rumored to be seeking suitors, too.
2 months ago
Sean O'Neill, Skift
Peter Fankhauser needs to act speedily to bolster Thomas Cook Group's resilience in the face of tumult in the packaged holiday segment. But the CEO is persuasive in arguing that he has a winning plan that's begun to show results.
2 months ago
Dennis Schaal, Skift
Honesty is the best policy. Even if it clashes with a nice FareHarbor bootstrapping story that seemed too good to be true.
2 months ago
Lucca de Paoli, Bloomberg
Takeover rumors can do wonders for a company's share price. We'll have to wait and see whether talk turns to action in the case of Thomas Cook.
2 months ago