Egypt bookings contributes to Thomas Cook’s 5% growth

Bookings to Egypt and long-haul destinations have increased Thomas Cook’s revenues by 5% to GBP 3.2 bn in the six-month period ending March 2018, according to tourism portal FVW. The holiday bookings giant also saw a 13% rise in bookings for this summer (as of 5 May) due to strong demand for Egypt, Turkey and Greece. CEO Peter Fankhauser had said in an interview last month that the increasing demand for Egypt and other Mideast countries was being driven by a perceived lower terror threat, combined with a jump in the cost of vacations in Spain.