Thomas Cook

  • New ways to help the businesses impacted by the collapse of Thomas Cook

    Published on : Wednesday, January 22, 2020

    The Independent Authority for Public Revenue (AADE) in Greece has declared this week that it would permit a deduction in income tax for bad debts which collapsed Thomas Cook last year.   The said decision was signed on Wednesday by the …

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  • Thomas Cook India signs strategic agreement with Yas Island Abu Dhabi

    Published on : Wednesday, January 8, 2020

    Thomas Cook (India) has entered into a strategic long term agreement with Experience Hub, the trade and promotion arm of Yas Island Abu Dhabi, one of the world’s fastest growing leisure and entertainment destinations, to drive visitation in 2020 and …

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  • ‘Thomas Cook’s collapse has hit us directly’

    Published on : Wednesday, December 18, 2019

    Mr. Nikhil Desai, Managing Director, Goa Tourism Development Corporation Ltd in an exclusive interview with Travel And Tour World speaks of the attractions that allure the international tourists apart from the mesmerising beaches.   Goa has a lot to offer …

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  • Refund delayed for tens of thousands of Thomas Cook customers

    Published on : Friday, December 6, 2019

    The process for the promised refunds within 60-day deadline by Thomas Cook for its customers has been delayed. The customers of Thomas Cook are reacting furiously to the failure of the Civil Aviation Authority (CAA). According to the authority the …

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  • CRISIL reaffirms Thomas Cook India’s corporate credit rating

    Published on : Thursday, November 28, 2019

    The CRISIL Credit Ratings, dated November 22, 2019, communicated to Thomas Cook has reaffirmed its corporate credit rating of ‘CCR AA-/ stable’ to Thomas Cook (India) Ltd. (TCIL). Additionally, CRISIL has reaffirmed its rating on the debt programmes and bank …

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  • CRISIL reaffirms Thomas Cook India’s corporate credit rating at ‘CCR AA

    Published on : Wednesday, November 27, 2019

    The CRISIL Credit Ratings, dated November 22, 2019, communicated to Thomas Cook (India) Ltd., and uploaded on its portal, has reaffirmed its corporate credit rating of ‘CCR AA-/ stable’ to Thomas Cook (India) Ltd. (TCIL). Additionally, CRISIL has reaffirmed its …

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  • Cyprus sees tourist increase despite collapse of Thomas Cook

    Published on : Thursday, November 21, 2019

    Tourist arrivals in Cyprus increased in October and in the first 10 months of this year in spite of apprehensions about a decline due to collapse of Thomas Cook package travel agency in the UK, said Deputy Minister for Tourism …

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  • Hundreds of thousands of travellers wait for Thomas Cook refund

    Published on : Friday, October 25, 2019

    After the collapse of Thomas Cook  last month, hundreds of thousands of grounded travellers have to wait another six weeks to get their refunds for their cancelled holidays.     Under the Atol scheme, administered by the Civil Aviation Authority …

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  • Thomas Cook’s closure brings considerable threat to Spain’s tourism sector

    Published on : Tuesday, October 15, 2019

    The closure of Thomas Cook brings considerable threat to Spain’s tourism sector with around 500 hotels across the country facing closure, causing losses up to hundreds of millions of Euros.   As per the Spanish Confederation of Hotels and Tourist …

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  • TUI adds extra flights and holidays to expand its business

    Published on : Friday, October 11, 2019

    Europe’s biggest holiday company TUI will fly an extra two million passengers next year as it moves to expand its market share following the collapse of Thomas Cook.   TUI will add about 10,000 flights in 2020, using pilots and …

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  • Thomas Cook’s closure has zero effect on Goa tourism

    Published on : Friday, October 11, 2019

    According to Vincent Ramos, Area Director of IHCL, which has a chain of five-star and business resorts in Goa, the closure of global tourism travel company Thomas Cook has had a “zero to minimal” impact on properties run by the …

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  • ABTA CEO speaks on Thomas Cook failure

    Published on : Wednesday, October 9, 2019

     At the Travel Convention in Tokyo, ABTA’s chief executive Mark Tanzer addressed the crowd and shed light on the failure of Thomas Cook which in his view was more of a failure of corporate finance than the failure of travel. …

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  • British travelers leave Antalya in the middle of Thomas Cook’s collapse

    Published on : Friday, September 27, 2019

    British travelers are leaving Antalya, the Mediterranean resort city in Turkey and other coastal provinces after the closure of the U.K. tour operator Thomas Cook, the British Embassy in Turkey said on Sept. 25.   “Our teams have been at Antalya, Dalaman, Bodrum …

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  • Thomas Cook collapse annoys the Dominican Republic tourism

    Published on : Friday, September 27, 2019

    The fall down of Thomas Cook, the British tour operator giant has created tension in the local hotel industry, which has yet to decide on the effect it will have on that sector, which has by now being hit by …

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  • Thomas Cook’s closure brings in “tsunami” of losses at hotspots

    Published on : Friday, September 27, 2019

    On Tuesday, the Mediterranean’s leading tourist hotspots were bracing for a “tsunami” of losses, which could amount to hundreds of millions of Euros, after the collapse of British tour operator Thomas Cook.   Besides the urgent need to send home …

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  • Thomas Cook’s bankruptcy assessed by TUI

    Published on : Thursday, September 26, 2019

    The short-term impact of British travel giant Thomas Cook’s bankruptcy is being assessed by TUI stating that its own business model ‘proves to be resilient’.       Friedrich Joussen, CEO of the Hanover-headquartered travel and tourism company  said that …

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  • The breakdown of Thomas Cook will impact British tourism to Thailand

    Published on : Thursday, September 26, 2019

    The breakdown of the UK’s Thomas Cook travel business will drop the numbers of British tourist arrivals to Thailand for the remainder of this year.   Yuthasak Supasorn, governor of the Tourism Authority of Thailand explains that they are also …

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  • The collapse of Thomas Cook impacts the economy of the country

    Published on : Thursday, September 26, 2019

    The fall down of a travel company or airline not merely impact the travelers stranded abroad. At the same time it creates a massive negative impact on the economy of the nation.   British travel firm Thomas Cook, which manages …

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  • Thomas Cook’s closing down poses a serious challenge for Bulgarian tourism

    Published on : Thursday, September 26, 2019

    Thomas Cook’s closing down poses a serious challenge for Bulgarian tourism, with dozens of Black Sea hotels facing losses of around tens of millions of dollars as negotiations for the next summer season take place.   Thomas Cook had been …

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  • The collapse of Thomas Cook hit Spanish tourism massively

    Published on : Wednesday, September 25, 2019

    The fall down of Thomas Cook, the British travel group has hit the Spanish tourism industry in a negative way. Every year, about 3.6 million passengers travel to Spain via Thomas Cooks’ regular and chartered flights. According to data from …

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