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Sawiris owns 74.9% of the Raiffeisen Touristik Group, which generates around €3.5bn in sales per year. The group includes Otto brand Reiseland, Thomas Cook Netherlands, and 700 private travel agencies.
Blue Sky Travel Group bought two hotels in Sharm El Sheikh with investments of $50m: El-Shaer
Noteworthy, the agreement with Thomas Cook constitutes only 244 rooms out of Orascom Development’s portfolio of 7,082 rooms, so the short-term impact is expected to be minimal, the statement declared.
British CAA initially returns 150,000 travellers from 50 different destinations, says embassy’s spokesperson
Firm’s collapse to shake Egyptian market until another company absorbs number of Thomas Cook’s travellers: El Damery
Fankhauser told Britain’s Sky News that testing of probes of food, water, will take 10 days to be complete
50% increase in number of inbound tourists through company during the first half of 2018
Security stability and continued promotion campaigns bring arrivals to 1.5 million visitors
All programmes will be cancelled if government travel ban continues, according to Thomas Cook’s statement
Some 200,000 Germans are said to be holidaying in Turkey at the moment. The German Foreign Office warns tourists in Istanbul and Ankara to be extremely vigilant.
Egypt’s tourism sector has lost 62% in revenues over the past five months
Decline in European tourism will exceed 80% in 2016 due to suspension of flights from Britain and Russia
Bahraini business acquires tour operator amid staggering tourism in Egypt
Holland, Belgium and Czech Republic removed their travel alerts