A sign hangs above a shuttered Thomas Cook Group Plc store in Torremolinos near Malaga, Spain. Thomas Cook collapsed under a pile of debt after talks with creditors failed, forcing the British government to charter planes to bring home more than 150,000 of the storied travel provider’s stranded customers. — Bloomberg
PARIS: Booking a vacation used to mean selecting a package holiday from the catalogue of a big tour operator, but with the advent of the Internet consumers now have more options, a luxury that big travel operators have had difficulty adapting to as the collapse of Thomas Cook shows.
A departure in the middle of the week, leaving from one airport and returning to another, extending a business trip into a mini-vacation, these are now common practices thanks to being able to book airline tickets online and apps that offer a plethora of lodging options like Airbnb and Booking.com.
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