What is the largest hotel group collapse in Europe?
The collapse of Thomas Cook Group in 2019 stands as one of the largest and most historic corporate failures in the history of the European travel, airline, and hotel industry. After struggling with mounting corporate debt, changing consumer booking habits, and macroeconomic pressures, the venerable British tour operator and leisure travel conglomerate entered compulsory liquidation. The sudden bankruptcy triggered an unprecedented global repatriation effort to rescue hundreds of thousands of stranded travelers worldwide.
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