Posted by as Financial and Business, Travel News, UK News
The well known UK travel agent, Thomas Cook, has just revealed that it is the latest sponsor of the 2012 London Olympic Games. Thomas Cook became a tier two sponsor in a deal that is said to be worth more than £20 million.
Thomas Cook is planning to provide some short breaks and trips for the 2012 London Olympic Games. The goal for the company is to provide more than 250,000 packages, including transport, tickets and accommodations. The organizers of the London Olympic games have now been able to raise £550 million of the £700 million sponsorship target. They have been [...]
Posted by as Financial and Business, Travel News
The well known travel company, Thomas Cook, is one of the few companies in the travel industry that is likely to met its forecasts for this fiscal year. On top of this, the company claims to be in a good spot to achieve their goals for 2010 as well. This announcement comes just after the company revealed it saw a big increase in late bookings for this summer. This goes double for holiday breaks in Egypt and Turkey.
Thomas Cook went on to report that it was able to sell 96 percent of its summer holidays, which is in line with [...]
Posted by as Travel News
The former staff that took over a Thomas Cook Dublin travel agent have apparently been arrested by police in a raid. Among the 28 former staff at Tomas Cook in the Irish capital, there was a eight and a half month pregnant woman. She was said to have gone into labor as she was removed from the building.
The travel agents had staged a sit in after being told by Thomas Cook management last Friday that the branch would be shut down immediately as a result of actions taken by their union, the Transport Salaried Staff Association. Some of the actions [...]
Posted by as Travel News
Ryanair has attacked Thomas Cook, wanting the tour operator to justify its customers being overcharged. Thomas Cook has overcharged 2 Ryanair customers by £82, being billed £457.82 instead of £376 for a return fare. The customers were also charged an additional £160 fee for fuel surcharges, even though Ryanair doesn’t impose surcharges on any of their flights. The airline wishes to know how many other customers have been overcharged for their tickets or have suffered from the incurred surcharges.
Ryanair has contacted the AUC, European Commission, OFT, and UK Department of Transport about the issue to highlight the [...]
Posted by as Travel News
Samantha Lazzaris, a 33-year-old from Bristol, saved up saved her money for a holiday, being careful about picking the destination. However, instead of arriving in San Jose, Costa Rica, her flight, booked through Thomas Cook, landed in San Juan, Puerto Rico, which is 1,300 miles away from where she thought she was going.
It wasn’t until Lazzaris got into a cab that she noticed that there was mix-up with the destinations. She said that she asked the driver to take her to the hotel, but he told her that she was in Puerto Rico, not Costa Rica. Then [...]
Posted by as Travel News
The Jamaica Tourist Board is advertising all inclusive holiday packages for less than £800 per week, with deals from Thomas Cook and Virgin Holidays being featured for 2 months in print, on posters, and in online media. Plus, many mainstream radio stations in Jamaica will broadcast the campaign as well. The campaign is going to kick off this week, where 17% of the billboard sites in London alone are taken up by the campaign.
Elizabeth Fox, the Regional Director of the Jamaica Tourist Board for the United Kingdom and Northern Europe, said that introducing this campaign now is not [...]
Posted by as Travel News
Thomas Cook, a travel operator, has purchased lastminute.com’s Med Hotels, which makes Thomas Cook the leading accommodation supplier in the United Kingdom market. The long-awaited agreement is anticipated to be finished on February 2nd. It also comes after the group bought hotels4u.com in February last year for £21.8 million.
This most recent agreement, which entails the group to takeover Holiday Hotels and Hoteltransfers as well, now makes them the leader of the United Kingdom bed bank market, including their independent sector foothold. The deal is also understood to give lastminute.com access to the product of Thomas Cook and [...]
Posted by as Travel News
Thomas Cook, a travel firm giant, is working on a deal of £87 million for the purchase of Gold Medal International. Thomas Cook, who took over MyTravel last year, will pay £24.9 million for Gold Medal International upfront, and the rest is to be paid if profit targets are achieved in years to come. The agreement still depends on approval and is anticipated to be finished in the early part of 2009.
Gold Medal International has 500 employees in their staff and is owned only by Ken Townsley, the company’s founder. The brands of Gold Medal International include [...]
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Lufthansa has given confirmation that they are in discussions with Thomas Cook and TUI Travel on a potential merger between the 3 companies’ carriers. If the merger is successful, it will bring Condor (owned by Thomas Cook), Germanwings (owned by Lufthansa), and TUIfly (owned by TUI Travel) together, in which Lufthansa will have a hold of 25%, creating an airline to rival Ryanair, easyJet, and Air Berlin. Thomas Cook and TUI Travel have issued identical statements that confirm the discussions on Thursday, noting that they have not yet made any commercial terms to the deal, and there is [...]
Posted by as Travel News
Thomas Cook is in talks with Tui Travel, their rival, and Lufthansa of a potential merging with their budget and charter airlines, which is a move that will develop a new rival to compete with Air Berlin, easyJet, and Ryanair. In the most recent example of how the record high cost of fuel is forcing the restructuring of the aviation industry in Europe, Air Berlin, easyJet, and Ryanair said that they were in discussions of joining Germanwings, Tuifly, and Condor. Tui Travel and Lufthansa have been looking at a variety of merger options. Thomas Cook joined in [...]