Thomas Cook collapse is more “bad news for the Algarve”

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“This is not any regular bankruptcy. Thomas Cook was the second largest tour operator in Europe, one of the most important in the world. Its bankruptcy has a negative impact on the Algarve: not only for tourists who could stop coming as often, but above all, due to the fact that these tourists have many accumulated debts for services that have already been provided to them, ”he said.

Although he still does not know an “exact amount”, Elidérico Viegas points to losses of “many millions of euros”, with “major repercussions on corporate results”.

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Concerned URL	https://algarvedailynews.com/news/17052-thomas-cook-collapse-is-more-bad-news-for-the-algarve
Address	Algarve
Keywords	Economic monitoring, Disruptive Changes
Target group(s)	Destinations , Businesses , Travellers
Topics	Value Chain Management & Fair Trade , Destination Management , Travel, Transport & Mobility