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 a destination in the Mediterranean that stood out this summer. Thomas Cook’s bookings for Greek destinations rose by 24% in the summer of 2017, compared to the summer of 2016”, pointed out Martin Ratchford, a member of the group’s financial team on the Mediterranean Resort & Hotel Real Estate Forum in Spain.
He emphasized that he was “excited about what Greece can offer” and sees an improvement in the legal framework and the share of Greek bank financing, which allows the group to look at more acquisitions in the country.
The group announced its plans to add a third Casa Cook Hotel; in addition to the two existing in Rhodes and Kos, as well as new destinations across Greece.
The group is also banking on the growth in the Chalkidiki region in northern Greece, as a destination for its customers.