Condor will receive a state-guaranteed loan of 550 million euros as Covid-19 aid and to fully refinance the bridging loan it received following the insolvency of Thomas Cook.
The Greek government has announced the terms for unemployment benefits for staff working at tourism enterprises impacted by the collapse of Thomas Cook.
Greek businesses affected by the collapse of Thomas Cook can apply to receive loans at subsidized interest rates, according to the Ministry of Development and Investment.
Alistair Rodger, Travelport's Global VP for Agency Sales—Europe, tells us why it’s finally time to put to bed the idea that the travel agent is no longer relevant and to focus instead on its evolution.
Thirty million euros will be allocated to tourism enterprises impacted by the collapse of Thomas Cook UK, according to Greek Tourism Minister Harry Theoharis.
The Thomas Cook domino effect continues to be in full swing with its Germany subsidiary, Thomas Cook GmbH, announcing that it has cancelled all trips for 2020.
The Thomas Cook collapse, the migrant crisis and the lack of infrastructure, are the three challenges Greek hotels are up against, says Hellenic Hoteliers Federation President Grigoris Tasios.
Over 400 tourism industry and real estate experts recently gathered in Athens to attend the 5th Mediterranean Resort & Hotel Real Estate Forum (MR&H) 2019.
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.
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.
ECTAA has welcomed a European Parliament decision to support measures that help tourists and tourism businesses address issues created from Thomas Cook's collapse.
