This week’s collapse of Thomas Cook, the world’s oldest tour operator, although predictable, has thrown the UK and global tourism industries into considerable flux.
The considerable human and commercial costs to the travel and hotel industry have been extensive, with 21,000 Thomas Cook redundancies and many thousands more affected. The Greek Islands, Canaries and Turkey are predicting up to 70% losses.
The truth is that the death knell of one of Britain’s most famous brands, with 178 years history, was sounded long ago.
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