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Thomas Cook collapses, impacts Goa
September 24, 2019

Hotels in Goa may be forced to slash rates and look forbusiness within the country following the collapse of Thomas Cook UK.

Thomas Cook UK, which shut down operations on Monday,leaving hundreds of tourists stranded in Europe, was among the largest overseastour operators selling sun and surf holidays in Goa during winter. According toBusiness Standard, the company operated chartered flights from London Gatwickand Manchester airports to Goa between November and March.


“Thomas Cook UK’s closure is a big hit for tourism in Goa,”said Aloo Gomes Pereira, chief operating officer (charters), Trail Blazer ToursIndia. Russia and the UK are the key source markets for Goa and tourists fromthe two countries travel to the state on regular scheduled flights and onseasonal charters.


“Thomas Cook operated chartered flights from London Gatwickand Manchester to Goa between November and April and last year flew in over35,000 British tourists,” he said. About half of them were on packaged tours.

TOI reports with collapse of the 178 year old travel giant,Goa tourism industry is set to face a direct loss of Rs 50 crore. On anaverage, Thomas Cook Airlines had booked more than 35000 seats from from UK toGoa every season. Travel and Tourism Association of Goa (TTAG) president SavioMessaias says there were around 2100 British visitors who comes to Goa everyweek from November to April


“We hoped to attract more tourists with reduction in e-visafees and cut in goods and services tax rates. The closure of Thomas Cook UK isa setback for us. We are meeting the state tourism department on Tuesday,” saidSavio Messias, president of the Travel and Tourism Association of Goa. Pereirasaid the government should now allow foreign airlines to operatehigher-capacity aircraft to Goa.


The development has worried local hoteliers because Britishtourists are a good market for them. Packaged tours are booked months inadvance. “Hotels in the state will be affected. I think there will be a pricecorrection,” said Zafar Karmali, director of sales and marketing at Hyatt’sAlila Diwa resort in Goa.


Local hotels have been seeing modest growth this year andwill look to increase their domestic business and tap the meetings andconferences segment. An increase in tourists from Russia and Israel (which willhave direct flights to Goa from October) could step into the breach Britishtourists have created.


Thomas Cook India has said it will be unaffected. So has TheHotel Leela Goa.


“The business The Leela Goa derives from Thomas Cook UK isexpected to be routed through other charter companies operating in that region.Hence we do not forecast any loss of business owing to this development,” saidGeneral Manager Shridhar Nair. He added that the hotel had anticipated thedevelopment and taken steps to cushion the blow.


Nandivardhan Jain, chief executive officer of advisory firmNoesis Capital, said the impact on hotels would be confined largely to marketslike Goa and Kerala, and short.


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