Kuoni Group has signed an agreement with Canada-based Fairfax Financial Holdings through its travel provider Thomas Cook India to sell Kuoni's Indian travel activities and the tour operator Kuoni Hong Kong.
The Indian travel a
Thousands of tourists rushed to leave Tunisia on Friday after Britain warned another attack was "highly likely", two weeks after a gunman killed 38 foreign holidaymakers at a beachside hotel.
Tunisia's ambassador sug
British holiday company Thomas Cook is confident of meeting its full-year expectations, buoyed by higher winter bookings and improved trading across Europe ahead of its key summer season, it said on Tuesday.
For the summer, when h
British holiday operator Thomas Cook on Tuesday highlighted a slowdown in bookings in its German market but also provided guidance on full-year earnings that put the company broadly on course to meet analyst expectations.
Thomas Cook Group has sold its Egypt and Lebanon businesses to Bahraini firm Yusuf Bin Ahmed Kanoo for $10.3 million.
According to a statement on the Thomas Cook Investor Site, the transaction will be effected through the sale of
Tour operator Thomas Cook Germany will restart trips to Egypt from the end of September, just ahead of the peak winter sun season, it said on Wednesday.
Many travel firms halted trips to the country after violence broke out in Jul
Violence sweeping Egypt has hit its tourism - a vital part of the economy - as governments warn holidaymakers to stay away, prompting some foreign travel agents to stop all trips there.
The latest unrest looks likely to kill off a
British travel firm Thomas Cook said it would cut 2,500 jobs from its UK workforce as part of its plans to restructure the business.
Most of the job losses would be in back-office functions and its retail network, and would involv
Thomas Cook on Thursday said current premier Farnell boss Harriet Green would succeed Sam Weihagen as chief executive of the debt-laden tour operator at the end of July.
Green has been chief executive of Brit
Thomas Cook is close to securing a 1.2 billion pounds ($1.90 billion) lifeline from its lenders to secure the future of the world's oldest travel company which issued three profit warnings last year, the Sunday Times reported.