Tour Operators

5 Takeaways From the UK’s Thomas Cook Inquiry

5 Takeaways From the UK’s Thomas Cook Inquiry

Patrick Whyte, Skift

Inquiries like these are often pretty brutal on company executives. Former CEO Peter Fankhauser shoulders a lot of responsibility for what went down at Thomas Cook, but he's not the only one at fault. The actions of his predecessors, as well as the UK government itself, are likely to also come under scrutiny.

1 week ago

Airbnb to Shuffle the Leadership of Experiences Business at Critical Juncture

Airbnb to Shuffle the Leadership of Experiences Business at Critical Juncture

Dennis Schaal, Skift

Is everything on target in the evolution of Airbnb's Experiences business? It's clearly not profitable yet after three years, and the leadership change at the top signals problems. That doesn't mean it's fatally flawed although this isn't precisely the portrait you want to paint on the cusp of Airbnb going public next year.

2 weeks ago

What Is the Future of Packaged Vacations After Thomas Cook’s Collapse?

What Is the Future of Packaged Vacations After Thomas Cook’s Collapse?

Dennis Schaal, Skift

Package holidays are changing and under pressure, but in markets such as the UK, Germany, China, and Canada, these offline options still have their place. Failure to adapt was a contributing factor in Thomas Cook's demise, but there were a whole bunch of other things going on as well.

3 weeks ago

Debt, Egos and Bad Decisions: How Thomas Cook Failed to Adapt to a New Era of Travel

Debt, Egos and Bad Decisions: How Thomas Cook Failed to Adapt to a New Era of Travel

Patrick Whyte, Skift

Thomas Cook's collapse was a disaster played out in slow motion. An ill-fated acquisition spree, a bloated retail footprint, and a commoditized product left it unable to deal with changes in consumer behavior and economic shocks.

3 weeks ago

Is Tour Operator Cox & Kings the Next to Fall?

Is Tour Operator Cox & Kings the Next to Fall?

Raini Hamdi, Skift

Debt-addled Cox & Kings appears to be teetering on the brink of collapse. It has closed its Australia/New Zealand operations. Virtuoso has severed ties with it — and a rescue does not look imminent.

4 weeks ago

Can Thomas Cook’s Surviving Brands Find New Homes?

Can Thomas Cook’s Surviving Brands Find New Homes?

Patrick Whyte, Skift

Thomas Cook wasn't just a UK business: It had operations across Europe, some of which were pretty profitable. They're now in a race against time to secure their future and find new owners.

4 weeks ago

Fallout From Thomas Cook’s Demise Will Reach Far and Wide in Travel

Fallout From Thomas Cook’s Demise Will Reach Far and Wide in Travel

Patrick Whyte, Skift

Expedia, Webjet, and On the Beach all had exposure to Thomas Cook, but given their size they can probably handle it. It's the smaller tour operators and travel agents that will be the hardest hit.

4 weeks ago

Asia Reels From Thomas Cook’s Collapse as Travel Businesses Sort Through the Confusion

Asia Reels From Thomas Cook’s Collapse as Travel Businesses Sort Through the Confusion

Raini Hamdi, Skift

Kuoni died, and now Thomas Cook, even though the jury is out if it's just the UK business or continental Europe or the Nordic operations as well. Thomas Cook's tour operating market in its glory days practically made Asia tourism, so many across the region are mourning this loss, reconciling themselves with the fact that nothing lasts forever.

4 weeks ago

Thomas Cook Collapses, Ending 178-Year Reign in the Travel Business

Thomas Cook Collapses, Ending 178-Year Reign in the Travel Business

Patrick Whyte, Skift

The bankruptcy and liquidation of Thomas Cook is a monumental blow to the travel industry. The collapse of the company will continue to have ripple effects across the industry for a long time to come.

4 weeks ago

Thomas Cook Files for U.S. Bankruptcy Protection

Thomas Cook Files for U.S. Bankruptcy Protection

Irene García Pérez and Katie Linsell, Bloomberg

The Thomas Cook rescue plan is going to the wire. It sound like this isn't something to get too alarmed about and is all part of the restructuring process.

1 month ago

UK Aviation Regulator on Alert in Case Thomas Cook Rescue Plan Collapses

UK Aviation Regulator on Alert in Case Thomas Cook Rescue Plan Collapses

Michael Msika, Bloomberg

Time is ticking and Thomas Cook needs to secure its new financing sooner rather than later.

1 month ago

The Rise and Fall of Iceland’s Tourism Miracle

The Rise and Fall of Iceland’s Tourism Miracle

Andrew Sheivachman, Skift

Life has changed for Icelanders as the country's tourism industry faces a slump. While many are looking at the change as an opportunity to reassess their business, the widespread decline of tourism across the country presents intractable problems.

1 month ago