Daily Management Review

Thomas Cook bankruptcy affects thousands of tourists around the world


Holidays of hundreds of thousands of tourists were threatened due to the bankruptcy of the largest British travel company Thomas Cook, the Associated Press reported.

According to the agency, about 50 thousand clients of the tour operator were "stuck" in Greece, almost 30 thousand tourists cannot leave the Canary Islands. In Turkey, there are about 21 thousand tourists, about 15 thousand more - in Cyprus. At resorts in other countries, in particular in Cuba and Mexico, there are also thousands of people who went on a trip with Thomas Cook.

Tourists are facing various problems, in particular, cancellation of flights. Hotel owners are afraid that they will not receive payment for the stay of tourists.

The British government has already announced that it will assist in the return of 150 thousand citizens of the United Kingdom. However, authorities warned that returning to their homeland could take a long time. According to British media, on Monday at the Gatwick airport, a special flight paid for by the British authorities had landed. The flight brought a group of tourists from Croatia of a bankrupt tour operator.

It is estimated that early booking tours of about another 1 million Thomas Cook tourists also turned out to be invalid. In particular, many UK citizens booked ski tours for the December Christmas holidays. It is expected that many of them will be able to receive compensation under travel insurance.

Thomas Cook flights were canceled on Monday at airports around the world. 

The British travel company Thomas Cook dates back to 1841 and is considered the oldest in the world in this segment. On Monday, the firm announced that it "immediately stops all activities, all upcoming flights are canceled, and vouchers are considered invalid." This affected more than 600 thousand tourists around the world. In total, the tour operator had about 3 thousand offices around the world, some of which worked under the franchising model.

source: apnews.com