The bankruptcy of FTI raises concern among the Greek tourism market, at least until the assessment of the consequences is done, bringing back memories of the previous bankruptcy of a major tour operator, that of Thomas Cook, in September 2019, which created significant shocks in the domestic tourism industry. However, the exposure of Greek hotels […]
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FTI sent a letter to its Greek hotel partners, informing them that visitors are legally covered by the German Travel Protection Fund (DRFS), which was posted by the president of the Panhellenic Federation of Hoteliers, Mr. Giannis Xatzis to ex-twitter. The text of the letter is as follows: “In light of the news about the […]
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TUI and Schauinsland-Reisen are the first tour operators in the German market to react to the insolvency of FTI by offering special offers to the travelling public. As far as TUI is concerned, from now on, no deposit is required for all new bookings made by 30 June 2024 with departure by 31 October 2024 […]
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The top four online travel agencies in the world spent $4.08 billion on marketing activities in the first quarter of 2024, with Expedia investing 57% of its quarterly turnover of $1.7 billion. First-quarter financials from four of the world’s largest online travel agencies show that Expedia Group, Booking Holdings, Airbnb and Trip.com Group launched in […]
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The cancellation of all bookings in the next seven days was announced by the Youtravel.com, after the owner of FTI Touristik GmbH announced that the tour operator FTI Touristik, a member of FTI GROUP, filed for bankruptcy. The bankruptcy announcement came just six weeks after FTI GROUP revealed it would receive €125 million. from the […]
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The Spanish government has fined four low-cost airlines €150 million for “unreasonable” charges to passengers. In particular, the Spanish Ministry of Consumer Affairs has fined Ryanair, Volotea, Vueling and easyJet for charging passengers for hand luggage, requiring them to print their ticket, and other unreasonable practices such as booking seats for accompanying minors or persons […]
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Rhodes, known around the world as a tourist destination of high standards, attracted the interest of thousands of visitors at the important international tourism exhibition “ITB SHANGHAI 2024” in China, in which the Municipality of Rhodes participated in cooperation with PROTOUR, successfully promoting, for the first time in China, the tourism product of the island, […]
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DidaTravel is considered the distributor for Disneyland Paris hotels in China, strengthening Disneyland Paris’ presence among Chinese tourists. DidaTravel’s outbound Chinese business has increased by 227% compared to the pre-pandemic period, significantly outpacing the wider market recovery, demonstrating the recovery in tourism. Driven by strong partnerships and the recovery of the global tourism market, preparations […]
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The end of an era for the third, largest, tourism group in Europe, the German FTI, whose reservations will not be valid from the day after tomorrow, June 5, 2024, as he informs in a letter sent to his hotelier partners, which was secured by “MONEY & TOURISM”. The letter states: “We are contacting you […]
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A leading European tour operator, FTI Touristik GmbH is filing for insolvency on Monday, June 3, 2024 and other companies in the group will file for insolvency in the coming days in order to continue its operations, as announced earlier this morning by MONEY & TOURISM . According to well-informed sources, the FTI GROUP does […]
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