Travelers Stranded After Tour Company Thomas Cook Suddenly Shuts Down

Travelers Stranded After Tour Company Thomas Cook Suddenly Shuts Down

Assessment

Interactive Video

Business, Social Studies

University

Hard

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Thomas Cook, a 178-year-old British tour operator, went into compulsory liquidation after failing to secure rescue funding. This led to the largest peacetime repatriation effort in UK history, aiming to bring over 150,000 British travelers home. The collapse affected about 600,000 travelers globally. Thomas Cook, which operated hotels, resorts, and airlines for 19 million people annually in 16 countries, was burdened by debt and faced challenges from online competition and a changing travel market.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary reason for Thomas Cook's liquidation?

Decline in tourism demand

Failure to secure rescue funding

Increased competition from online travel agencies

Natural disasters affecting travel

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many British travelers were affected by Thomas Cook's collapse?

50,000

100,000

150,000

200,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was significant about the UK's repatriation effort?

It was completed in a single day

It involved military assistance

It was the largest peacetime repatriation in UK history

It was the first of its kind

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Approximately how many people were traveling with Thomas Cook at the time of its collapse?

600,000

500,000

400,000

300,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What were some challenges faced by Thomas Cook leading to its downfall?

Government regulations

Natural disasters

Years of debt and online competition

Lack of customer interest