Quote:
Originally Posted by denphone
The Thomas Cook collapse is going to have a significant ripple effect right across the industry as its collapse is going to ricochet right throughout Europe.
Many businesses are owed huge amounts by Thomas Cook.
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What I don't understand about these companies is that the customer pays up front for the hotel, sometimes months in advance, and hotels don't get paid until weeks after their stay. Sympathy for the staff and customers, but not for their business set up. It leaves customers and hotels having holidays on a best endeavours 'promise'.