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.
International tourism is expected to continue its upward trend into 2019, on the back of a 6 percent rise in global outbound trips in the first eight months of 2018.
The largest age group traveling at the moment are the millennials, who are better educated, prefer city breaks and love luxury, according to ITB-IPK’s World Travel Monitor.
City trips are the leading holiday option worldwide and the US the most popular country destination in 2017, according to a world travel report released by ITB Berlin.
