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Thomas Cook to take measures to stem UK losses

Hotels
Gary Noakes
29 November 2018

Thomas Cook agencies will be used to sell more of its financial products as part of measures to offset a massive £163 million after tax group loss in 2018.

Thomas Cook logo

The UK was blamed for the bulk of Thomas Cook Group’s difficulties in the year to September 30, with the operator saying the market was “particularly hard hit”.

A series of measures to remedy the situation will include the selling of Thomas Cook Money products in shops. A Cook spokesperson explained: “We want to ensure the shops are not just selling holidays but other products like insurance, foreign exchange and pre-paid travel cards.”

He added that Cook would have 200 own brand hotels next year and that these would be a focus: “The big thing is to ensure we send more people to our own brand hotels,” he said. He added there were no job losses planned.