Chinese conglomerate Fosun said it would be purchasing Thomas Cook for $14.2 million, weeks after the travel giant collapsed leaving thousands of holidaymakers stranded.
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.
Aiming to tap into Chinese travellers’ increased interest in high-end travel, Chinese conglomerate Fosun International is set to win the bid for Club Méditerranée in France's longest-running takeover battle after Italian tycoon Andrea Bonomi pulled out of the race.
Premium Choice C.M.E.U.T.A., a complete management enterprise of unique travel and aviation, recently announced its travel portfolio for customers in Greece and abroad that includes a wide range of deluxe all–inclusive resorts, selected gourmet tours, VIP cruises and high end...
The world's leading tourism exchange, International Tourism Exchange ITB Berlin, remains the industry's number one fair and Greek participation this year again will be substantial.
On September 19, Greece's travel trade professionals paid their last respects to one of the industry's most well-known and well-liked travel and tourism pioneers, Dinos Arvanitis.
