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Thomas Cook

Thomas Cook Company Says Greece Still Primary Destination for its Travelers

The tourism giant Thomas Cook, reorganized after its bankruptcy and now owned by Fosun Tourism, a subsidiary of the Fosun Group, owned by Chinese billionaire Guo Guangchang, says that Greece still tops their list when it comes to destination...

Greece's Tourism Revenues Up by 13.6% So Far in 2019

According to Bank of Greece data on the country's current account balance between January and August of 2019, revenues from tourism rose by an impressive 13.6 percent compared to the same period last year. There was also a 3.6 percent increase...

Greek Hotel Losses from Thomas Cook Collapse Estimated at 315 Million Euros

Hotel losses in Greece caused by the collapse of the Thomas Cook travel conglomerate are estimated to 315 million euros, the Hellenic Chamber of Hotels announced on Tuesday. The Chamber presented the results of a survey conducted by Greece's Research...

Greek Hotel on Rhodes Sponsors British Couple's Wedding After Thomas Cook Collapse

A hotel on the Greek island of Rhodes and the manager of the local Thomas Cook office turned the recent devastating news of the travel giant's collapse to a fairytale for a British couple this week. Thomas Cook, a 29-year old...

Greece's Damage From Thomas Cook Collapse To Exceed €500 Million

Monday's shocking announcement that the British tourism giant Thomas Cook had collapsed has sparked fears across Europe in the countries where the firm had booked thousands of accommodations and tours, among which Greece holds a prominent place. According to the...

Greek Tourism Industry Suffers Blow After Thomas Cook Collapse

The Greek tourist industry is reeling following the announcement on Monday by Britain's Thomas Cook tour operating corporation has ceased all trading of shares in the company. Approximately 50,000 tourists who had booked their holidays through Thomas Cook are now...

Top 4 Direct Foreign Investments in Greece for 2018

With the end of the third bailout program in August, foreign investments in Greece will continue stronger for the next years as the economic outlook appears more promising than in the crisis years. In this light, foreign giants continue to...

Thomas Cook to Invest €150M in Greek Tourism in 2018

Thomas Cook, one of the world's biggest tour operators, has pledged to invest around €150 million ($173 million) in the Greek tourism sector this year. At a news conference held on the occasion of the official launch of Thomas Cook’s...

Thomas Cook Tour Operator to Expand Presence in Greece in 2018

Thomas Cook will be expanding its presence in Greece in the summer of 2018. The group dubs Greece as one of its most promising in the Mediterranean in the tourism sector, in terms of projected growth for 2018. “Greece was...

Young International Partygoers Abandon Ibiza for Greek Islands

The recent surge of tourism in the Greek islands has seen celebrities posting photos and videos, but young party animals have been discovering the Greek summer too. According to the Thomas Cook travel agency, tourists under 30 have been abandoning...