Tour Operators

Fosun Moving Forward on Thomas Cook Offer After Exec Drops Hint

Fosun Moving Forward on Thomas Cook Offer After Exec Drops Hint

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

New Suitor Challenges Air Canada’s Bid for Tour Operator Transat

New Suitor Challenges Air Canada’s Bid for Tour Operator Transat

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

Imperiled Thomas Cook in Talks to Sell Nordics Division

Imperiled Thomas Cook in Talks to Sell Nordics Division

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

Skift Forum Asia: Fosun Tourism CEO on Creating the Foliday Brand

Skift Forum Asia: Fosun Tourism CEO on Creating the Foliday Brand

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

Thomas Cook Tries to Stem the Bleeding After $1.9 Billion Loss

Thomas Cook Tries to Stem the Bleeding After $1.9 Billion Loss

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

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

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

Booking Drops Hotel Requirement to Book Tours and Activities

Booking Drops Hotel Requirement to Book Tours and Activities

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

What Embattled Thomas Cook Must Do to Stay Alive

What Embattled Thomas Cook Must Do to Stay Alive

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

Canada’s Transat Is Latest Tour Operator to Put Itself Up for Sale

Canada’s Transat Is Latest Tour Operator to Put Itself Up for Sale

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

Thomas Cook CEO Pushes a Turnaround Plan, Dodges Takeover Chatter

Thomas Cook CEO Pushes a Turnaround Plan, Dodges Takeover Chatter

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

Booking’s FareHarbor Kept the Bootstrapping Myth Going While Discreetly Raising Outside Money

Booking’s FareHarbor Kept the Bootstrapping Myth Going While Discreetly Raising Outside Money

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

Thomas Cook Sees Shares Rise on Takeover Talk

Thomas Cook Sees Shares Rise on Takeover Talk

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