Thomas Cook: immediate financial losses, longer-term vacuum

The bankruptcy of Thomas Cook  — which accounts for 5% to 6% of  total tourist arrivals  to Cyprus — brings economic losses and creates yet another challenge for the island’s all-important tourism sector. Immediate repercussions from the collapse of the world’s oldest travel firm includes financial losses as the company has not paid hoteliers for … Continue reading Thomas Cook: immediate financial losses, longer-term vacuum