Articles tagged “thomas cook”

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.

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.

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.

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.

Closing islands for a rehab seems fashionable in Southeast Asia. It shouldn’t be. Authorities must first assess options carefully, and by no means should premature announcements be made. Just look at the Komodo Island example and the wrong messages Indonesia has sent about one of its most unique tourism assets.

Thomas Cook's chances of escaping its current financial mess still rest in the hands of Fosun and its creditors. While Wednesday's announcement is good news for travelers and the company's employees, there are still a number of hurdles to clear.

Hello, modern world of corporate travel and expense management, where words such as “compliance” are unfriendly and strange. Hello as well to Western investors — such as Silicon Valley's Accel — that are starting to find the Asian market irresistible.

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.

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.

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.