Bloomberg: Thomas Cook collapse costs Eastern Europe almost €1 billion

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Bloomberg: Thomas Cook collapse costs Eastern...
 © In-Cyprus 2020
Eastern Europe’s hospitality industry sees a hit of almost €1 billion from Thomas Cook’s collapse, according to Bloomberg’s “Thomas Cook’s Collapse Is Felt From Crete to the Canaries” report published yesterday.

Crete, Greece’s largest island where 80% of the city’s 600 hotels had contracts with Thomas Cook, is left with a 100 million-euro headache and the biggest shock of all. At the same time, Greece estimates a cost of up to €500 million.

As for neighbouring Spain, one of the world’s top tourist destinations, it looks like the Canary Islands may bear the brunt...


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This article was automatically added to our system 26-9-2019

Bloomberg: Thomas Cook collapse costs Eastern Europe almost €1 billion


The contents of this article including any associated images are © In-Cyprus 2020
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