One of the world’s oldest travel companies, Thomas Cook, in business since 1841, failed last week, stranding more than 150,000 passengers worldwide.

The unravelling of Thomas Cook’s business is a complex matter, which in many ways is symptomatic of the travel industry’s recent woes. A combination of factors has come together to disrupt existing business models and force many players, who cannot adapt, to perish.

What led to the demise of Thomas Cook? Read my latest column on Sri Lanka’s Financial Times to find out.

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