Will Fosun invest more in tour operator Thomas Cook?

1 min reading time

Published on 16/08/19 - Updated on 17/03/22

Thomas Cook

After massive investments in several tourism brands in Europe, the Chinese giant plans to invest further in the tour operator's capital of which it currently owns 18%.

The turmoil experienced by the tour operator is not an isolated case. Changes in the sector and its practices are revolutionizing the way tourists prepare their holidays. Only niche or high value-added tour operators are able to maintain a sufficient level of profitability to be sustainable.

Simon Pedro Barceló Vadell mentioned this at the Global Lodging Forum last April In the future our plan is to be a pure hotel business.

What is true for the Spanish group Barceló is also true for the British giant. The British tour operator Thomas Cook recently announced very bad results for the first semester of fiscal year 2018/2019. This bad news brought its value down after a disappointing 2017/2018.

The airline and accommodations operations are profitable but are not sufficient to balance the tour operator's portfolio.

Rescuing the group will require a £750 million envelope to be reinvested in the capital, making Fosun the majority shareholder in the tour operating activity and enabling it to acquire a stake in the aeronautical activity. Other creditors are concerned by this fundraising, Thomas Cook is in negotiation with them according to the press release issued on July 12.

Thomas Cook

Thomas Cook

Hotel Group

  • Thomas Cook United Kingdom
For further

Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.


Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?