Thomas Cook collapse: why working capital optimization matters
Taulia
NOVEMBER 17, 2019
Savvas Perdios, Cyprus’ deputy tourism minister, estimated that hotels in Cyprus will lose €50m owed by Thomas Cook, according to Reuters . In Turkey, meanwhile, the Hoteliers Federation TUROFED said the company’s collapse could result in the loss of between 600,000 and 700,000 tourists a year.
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