UK travel giant Thomas Cook collapses, Goa set to feel pinch

Image
Press Trust of India Panaji
Last Updated : Sep 23 2019 | 6:00 PM IST

Tourist footfalls from the United Kingdom to Goa are expected to take a severe hit after British travel group Thomas Cook declared bankruptcy on Monday, an umbrella body of tour and travel operators said here.

The 178-year-old operator had been desperately seeking 200 million pounds (USD 250 million, 227 million euros) from private investors to save it from collapse, but a last-ditch rescue deal failed, triggering the UK's biggest repatriation since World War II to bring back stranded passengers.

"Around 30,000 Britons arrived in Goa during the last tourist season through chartered flights, majority of which were flown by Thomas Cook. The firm was was flying seven days a week with 300 seats per flight," said Travel and Tourism Association of Goa (TTAG) president Savio Messiah.

He added that British tourists were known for spending long holidays in Goa, with the average being 14 nights.

"The collapse of Thomas Cook in UK will result in more than 50 per reduction in their (British tourists) arrivals as other airlines would not be able to accommodated them now," he added.

Chartered flights from the UK start arriving in Goa from November, and almost always the first one was operated by Thomas Cook, Messiah claimed.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 23 2019 | 6:00 PM IST

Next Story