• The bankruptcy of Thomas Cook leaves seven million trips in Spain and the Government warns of the "negative impact" for tourism

Every crisis has its collateral winners and in the case of the bankruptcy of the leading British travel organization group Thomas Cook, some of the main beneficiaries could be platforms such as Booking or Airbnb, where travelers hire their stays without resorting to a tour operator . These, in part, have helped to finish off a business model considered obsolete.

As for direct competitors, there is the German tour operator Tui Group. It is the largest tourist group in the world, formed after the merger of TUI and TUITravel and where the Mallorcan family Rui participates.

The conglomerate has travel agencies, hotels, airlines, cruise ships and tour operators. In addition, it has 30 million customers in 20 countries. Now, the fall of its British competitor leaves even more ground to strengthen its leadership.

Second in Spain

In the Balearic Islands, in fact, Thomas Cook, who had a million customers a year, was the second most important tour operator after the German TUI, as in the Canary Islands.

The change in the habits of consumers, who now flee from the traditional tourist package and prefer to hire their trips and hotels directly online independently, has had an impact on both the British company and competitors, but the first has not achieved Survive the stake.

Within the United Kingdom, the fall of Thomas Cook could affect other groups that also organize packages such as Jet2Holidays (which came to take away second place in the list of the biggest tour operators in the country), Expedia, On The Beach or British Airways Holidays.

The creditors of the bankrupt group will be able to recover part of their debt with the money they enter for the sale of assets, as is the case of the airlines. Precisely Tui Group had already shown interest in winning Condor.

According to the criteria of The Trust Project

Know more

  • Thomas Cook
  • United Kingdom
  • Canary Islands
  • Balearics
  • Airbnb
  • tourism

Economy The bankruptcy of Thomas Cook leaves more than one million euros in losses to Valencian hotels

Economy Caae 5% for the first time tourism in Andalusia after years of growth

Bankruptcy: The fall of Thomas Cook leaves a breakdown of 200 million to the Spanish tourism sector