Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,895.4523.35
Stock Analysis, IPO, Mutual Funds, Bonds & More

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

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

PTI|
Sep 23, 2019, 06.39 PM IST
0Comments
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 ($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.

Also Read

UK's winter election: What's in it for markets?

UK government refuses to release report on Russian meddling

UK lawmakers back December 12 election

UK-based AXIS Capital to quit coal cover

What's in the proposed UK-EU Brexit deal?

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service