The massive collapse of global travel group Thomas Cook could just be the beginning of more failures to come, as economic uncertainty exacerbates the ongoing disruption in the travel industry, industry watchers said.
U.S. travel agents, like many in the travel industry, expressed sadness and some surprise following Sunday's collapse of Thomas Cook, Britain's oldest travel agency and travel services firm.
The British government has ordered a probe into the role of Thomas Cook Group Plc management in the collapse of the 178-year-old tour operator, which cost thousands of jobs and left people stranded across Europe.
Thomas Cook, a 178-year-old British travel company and airline, declared bankruptcy early Monday morning local time in the UK, suspending operations and leaving hundreds of thousands of tourists stranded around the world.
Following a recent tender process, Thomas Cook has appointed G Adventures and G Touring as its new Thomas Cook Tours partner.
Friendly Planet Travel, a global tour operator based in Jenkintown, Pennsylvania, has agreed to acquire New York-based Cuba specialist InsightCuba.