Bankruptcy

Thomas Cook Collapse: Morocco Ensures 268 Stranded Tourists Complete Vacations in Agadir

30 September 2019

After the bankruptcy of the tour operator, Thomas Cook, the Moroccan National Tourist Office (ONMT) is pulling out all the stops to guarantee the end of stay for the 268 (…)

Moroccan Hotels Face $20 Million Loss After Thomas Cook Collapse

27 September 2019

More than 200 million dirhams in unpaid bills remain following the bankruptcy of the British tour operator Thomas Cook, according to a statement from the National Confederation (…)

Morocco Sets Up Crisis Cell to Handle Thomas Cook Bankruptcy Fallout

25 September 2019

Upon the announcement of the bankruptcy of Thomas Cook, Morocco, through its Ministry of Tourism, immediately set up a crisis cell to monitor and supervise the repatriation of (…)

Morocco’s Tourism Industry Reels from Thomas Cook Collapse

24 September 2019

In Morocco, the bankruptcy of the legendary tour operator (TO), Thomas Cook, is not without consequences for the many travel agencies and hoteliers. Proof of this, a crisis (…)

Moroccan Small Businesses Face Financial Crisis Over Unpaid Saudi Debts

16 September 2019

Several Moroccan very small enterprises (VSEs) are facing cash flow difficulties, following the refusal of payment by certain Saudi groups. They will have to pay royalties (…)

Lexmark Shuts Down African Subsidiary Amid Cost-Cutting Measures

30 August 2019

After 11 years of existence, Lexmark International has just ended its activities in Morocco. Officially, it is a question of rationalizing costs, losing the market and budget cuts.