Specialist tour operators working out of the UK are calling on Greek Tourism Minister Harry Theoharis to support their efforts to rekindle travel to Greece.
Greece is among the countries that is intensively preparing for the return of tourists, following the Covid-19 pandemic, according to travel giant TUI.
The European Travel Agents’ and Tour Operators’ Association (ECTAA) is asking for concrete actions so that the tourism value chain can continue to operate after Covid-19 restrictions are lifted.
The European Commission is not against vouchers as an alternative to cash refunds for canceled travel bookings due to Covid-19, but only if they are voluntary and secured against insolvency of travel operators.
TUI AG has signed a state-aid bridging loan for 1.8 billion euros with the KfW, Germany’s state-owned development bank, to cushion the unprecedented effects of the Covid-19 pandemic.
IATA’s CEO explains to travel agents the association's “flexible approach” to BSP payments, due to the Covid-19 pandemic, and informs that it considers travel vouchers as "the best answer" instead of ticket refunds.
As Covid-19 has brought tourism to a standstill, European travel agents and tour operators are calling for a more flexible application of refund rules for package travel.
Travel giant TUI is suspending the vast majority of all travel operations until further notice - including package travel, cruises and hotel operations - due to the coronavirus outbreak.
ECTAA has applauded the European Commission's acknowledgement of the immense damages the coronavirus outbreak has caused to the travel and tourism industry.
Norwegian investor Petter Stordalen and private equity firms Altor and TDR Capital have signed an agreement to acquire the Nordic unit of collapsed UK tour operator Thomas Cook.
Stronger and better consumer and employee protection in cases of corporate failure is the focus of a resolution which was recently adopted by the European Parliament.
TUI is looking to pick up the pieces from the collapse of Thomas Cook, which left behind thousands of stranded tourists and lost hotel bookings in many countries, including Greece.
High debt levels, strong competition and Brexit uncertainty have driven Thomas Cook Group to agree to the terms of a rescue injection by Fosun Tourism.
