Mexico tourism mostly unaffected by Thomas Cook closure: ministry

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Sep 24, 2019 #Airlines (TRBC), #Bankruptcy / Insolvency, #Company News, #cook, #Debt / Fixed Income Markets, #Emerging Market Countries, #Europe, #General News, #Germany, #Government / Politics, #GRP, #Labour / Personnel, #Leisure and Recreation (TRBC), #Loans, #Mexico, #Results Forecasts / Warnings, #South America / Central America, #Thomas, #Tourism / Travel, #Transportation (TRBC), #United Kingdom, #US, #video, #Western Europe

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MEXICO CITY (Reuters) – The collapse of British travel firm Thomas Cook will not have a “significant impact” on Mexico’s tourist industry as it only represents about 0.4% of the sector’s foreign income, the Mexican tourism ministry said on Tuesday.

In a statement, the ministry said it expected other travel firms to step in and absorb the British demand hitherto covered by Thomas Cook.

Thomas Cook last year generated income from tourist spending of $100 million for Mexico, or about 0.4% of the total, it said.

Reporting by Dave Graham; Editing by David Alire Garcia

Our Standards:The Thomson Reuters Trust Principles.

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