Reasons for the Bankruptcy of the World's First Travel Agency

The company is poorly managed. According to ThomasCook's information in official website, the company was once the first travel agency in the world, but it closed down because it could not adapt to the changes. Travel agency is an industry organization, which mainly provides information about travel, residence and related services to the public. Travel agencies handle exit, entry and visa procedures for tourists, attract and receive tourists, and arrange accommodation and other paid services for tourists.