Thomas Cook

Thomas Cook is returning to European hands, as its Chinese owner has agreed to sell it to a Polish group, five years after its bankruptcy.

Tourism cannot operate on autopilot, Yiannis Retsos, head of the Greek Tourism Confederation, said on Friday.

Speaking at the entity's annual conference, he explained that the future of the sector demands the formation of strategic management and the immediate implementation of plans, with tourism in Greece expanding into spheres beyond the sea-and-sun model.

The decline in summer tourism this year is below the percent, said the Minister of Tourism Nikolina Angelkova. As for the consequences of the Thomas Cook bankruptcy, she said that about 2500 - 3000 clients of the company are still in our country, but in days they will be transported to their homeland.

Over 350,000 British tourists come to Bulgaria every year. Of those, travelers with bankrupt Thomas Cook are a very small percentage. This was stated by British Ambassador Emma Hopkins after attending a conference on combating human trafficking.

The bankruptcy of a tourism giant such as Thomas Cook has naturally rocked international tourism and this has had dramatic repercussions on Greece.

An unexpected domino of developments has affected hotels, tourist agents, procurers, workers, and travelers.

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The British tour operator, Thomas Cook, declared bankruptcy today after failing to find the money needed to continue its operations and launching liquidation proceedings. This was reported by world agencies quoted by BTA.

Some 50,000 holidaymakers stranded in Greece due to the collapse of the Thomas Cook tour operator are to be repatriated in the coming days, Greek Tourism Minister Haris Theoharis told Skai television on Monday. 

The first 22,000 are to be repatriated over the next three days, the minister said, adding that aircraft were to arrive on Monday at Zakynthos, Kos and Corfu. 

Thomas Cook has just opened a new urban boutique hotel, Cook's Club City Beach Rhodes, in the Old City of Rhodes.
The 18-room hotel on the largest of the Dodecanese islands is the eighth of the Cook's Club brand and follows recent openings in Bulgaria, Egypt, Spain and Turkey.
The collection's first hotel opened on Crete in 2018.

Two global tourism giants with assets in Greece are about to join forces, Thomas Cook has suggested, announcing that it is in talks with its 15 percent stakeholder Fosun Tourism for a share capital increase in the British tour operator that will see Fosun assuming control.

Concerns are growing about serious turbulence in Greek tourism after warnings by Thomas Cook and easyJet that the reduced demand for travel services would have consequences on their financial results.