The recent FVW Workshop hosted on Crete may serve as a warning that government and corporate interests care little for the island’s future.
Numbers from a new study released by INSETE, the Greek Tourism Confederation’s (SETE) intelligence body show big growth on lesser returns. According to the study arrivals in Greece increased by almost 90% in the period 2005 – 2017. Meanwhile, the average tourist spend dropped by 30% on the view of source markets. Once again, however, sustainability for Greece’s tourism seems a highly subjective case in point. Here’s the report, followed by some objective observations.
UK tour operator Thomas Cook on Wednesday announced the opening of four hotels in Greece – on Crete, Kos and Rhodes – in summer 2019.
Tourists continue to flock to Greece despite the recent deadly fires outside Attica, reports German business paper Handelsblat days after the World Tourism Organization (UNWTO) reassured travelers that the country was a safe destination.
According to reports from Thomas Cook and TUI, International tour operators and travel agents are preparing for this year’s “Sunshine Saturday”, which is one of the busiest booking holidays.
Hotel price hikes in Spain have prompted big travel entities to opt for Greece and Balkans destinations.
Thomas Cook Group executives say they expect a 40% rise in demand for Greek destinations.
Six months into a stent as managing director of Thomas Cook’s UK outfit, Reto Wilhelm returns to Switzerland. Set to resume control of the East-West region, Wilhelm supposedly left UK for personal reasons.
Aiming to get hitched soon, seven of Thomas Cook’s exclusive resorts on Crete, Cyprus, Rhodes and in Turkey will offer new wedding packages to temp soon to be newlyweds. The all new overseas Weddings brochure, combines Thomas Cook and Thomas Cook Signature products into one portfolio.
adds digital gurus from around the social/digital web to their advisory board. According to news from TravelMole, hiring marketing guru Remo Masala from Kuoni set the tone for TC’s ongoing upramp into digital.
Thomas Cook Group PLC has announced selling their North American operations to Canada firm Red Label Vacations Inc. According to the news, the deal was worth only $5.2 million from the firm that operates travel website www.redtag.ca.
Horrible news for high street and travel, Thomas Cook will cut some 2,500 UK jobs and close nearly 200 agencies according to news from Reuters, the world’s oldest travel firm. The Euro and other economic crises in key markets for Cook are to blame for what might end a fatal blow to the 172 year old company.
Thomas Cook has signaled its intention to expand into international markets and make its holiday offerings available to a much wider audience than ever before, with the announcement that it plans to translate its website into several major languages for the first time.
As Greece slides further into the unknown, many European travel companies are reportedly preparing for the country to exit the eurozone. Yesterday the government announced new elections to be held in June after efforts to hammer out a new government failed this week. Thomas Cook, and other major travel players, are preparing for the eventuality of a Greek withdrawal.
For the British tour operator Thomas Cook, things seem to be going from bad to worse as it struggles to reduce its reported £1 billion debt. On the back of an announcement that it’s planning to close one sixth of its 1,300 travel agents in the UK, the company has now reported pre-tax losses of £398 million after it was hit by a number of damaging writedowns totaling over half a billion UK pounds.
Beleaguered Thomas Cook has unloaded gold and hotel business in Spain to help slash debt which has crippled their business of late. The 170 year old company will be selling their stake in Hoteles Y Clubs De Vacaciones for a reported £72 million. The news comes in advance of delayed Thomas Cook annual results which will almost certainly spur massive store closings and job losses.