Tour Operators

TUI Profit Takes a Hit From Max Grounding

TUI Profit Takes a Hit From Max Grounding

Patrick Whyte, Skift

The Max grounding overshadowed a decent set of results. TUI will be hoping the safety issues are ironed out well in advance of next summer, the period when profits can be the most robust.

5 days ago

Thomas Cook Needs Additional Funds to Get Through the Winter

Thomas Cook Needs Additional Funds to Get Through the Winter

Christopher Jasper, Bloomberg

The need for an additional $181 million implies that things have gotten worse for Thomas Cook since the news of Fosun's rescue bid emerged last month. The situation needs to be resolved quickly.

6 days ago

TripAdvisor Exec Accuses GetYourGuide of Fear-Mongering

TripAdvisor Exec Accuses GetYourGuide of Fear-Mongering

Dennis Schaal, Skift

TripAdvisor and Booking Holdings are seemingly playing nice and fair with the tours and activities companies for now, but what happens five years from now when competition gets more intense and extracting profits is more of a mandate? Will push come to shove?

1 week ago

Thomas Cook’s New Investor Reveals Turnaround Plans

Thomas Cook’s New Investor Reveals Turnaround Plans

Asli Kandemir, Luca Casiraghi and Richard Weiss, Bloomberg

How much longer can Thomas Cook stay silent? With Neset Kockar fleshing out his plans, the tour operator will surely have to say whether or not it views his approach as credible.

1 week ago

New Thomas Cook Investor Talks Up Company’s Potential

New Thomas Cook Investor Talks Up Company’s Potential

Simon Foy, Bloomberg

It sounds like we should be preparing ourselves for a new takeover approach. The question is what will Fosun do if and when it comes?

2 weeks ago

Expedia CEO Admits Tours Business Is Underfunded

Expedia CEO Admits Tours Business Is Underfunded

Dennis Schaal, Skift

Expedia and Ctrip are the two large online travel companies that have so far not acquired a technology partner to foster the growth of their tours and activities' businesses. GetYourGuide argues that these tech/connectivity companies should remain independent, but how long will it be before some of these smaller companies get scooped up?

2 weeks ago

Thomas Cook Gets Surprise Investment From Turkish Entrepreneur

Thomas Cook Gets Surprise Investment From Turkish Entrepreneur

Joe Easton, Bloomberg

Now this is a head-scratcher. It's difficult to understand the rationale behind this move but it may help persuade Fosun to hurry up with its rescue plan.

2 weeks ago

Cox & Kings’ Struggles Force Closure of UK Travel Group

Cox & Kings’ Struggles Force Closure of UK Travel Group

Patrick Whyte, Skift

Things look to have deteriorated rapidly at Cox & Kings. Can it now raise enough money to stop itself from going out of business?

2 weeks ago

How Bad Will It Get When Overtourism Meets Climate Change?

How Bad Will It Get When Overtourism Meets Climate Change?

Andrew Sheivachman, Skift

The effects of climate change and overtourism on global destinations will converge over the course of the coming decades. Leaders need to start planning now for a world defined by overcrowding and limited resources.

3 weeks ago

Thomas Cook Plans $940 Million Rescue With Fosun as Breakup Looms

Thomas Cook Plans $940 Million Rescue With Fosun as Breakup Looms

Patrick Whyte, Skift

The news isn't great for shareholders, but it does offer some encouragement to employees and anyone who has booked a flight or holiday this summer.

1 month ago

How Sunweb Is Taking On Europe’s Biggest Tour Operators

How Sunweb Is Taking On Europe’s Biggest Tour Operators

Patrick Whyte, Skift

Package holidays are still popular across much of Europe, and companies like Sunweb think there are plenty of opportunities for growth. Buying up rival tour operators helps with scale, as does the struggles of a competitor like Thomas Cook.

1 month ago

Demand for Iran Tours Rising Despite U.S. Falloff

Demand for Iran Tours Rising Despite U.S. Falloff

Maria Lenhart, Skift

As antagonism intensifies between the Trump administration and Iran, some American tourists are rethinking plans to visit the country. Barring the start of military activity, tour operators say Iran is a safe and hospitable destination even for U.S. visitors.

1 month ago