The travel sector has had to "completely remix" its vacation destinations following security problems and threats of terrorism, one of Europe's biggest tour operators has told CNBC.
The tourism industry has been badly hit by factors such as security and terrorism over recent years. Destinations such as Egypt and Turkey have lost enormous amounts of visitors, who are choosing to go to places such as Spain and the Caribbean instead.
"This year we've been able to completely remix our holiday program from Turkey, Egypt, Tunisia, and taking 1.2 million bookings from there to Spain or other destinations… the Canaries [Islands] are up 27 percent, long-haul is up 40 percent, so there is a response that we're managing," Michael Healy, chief financial officer at Thomas Cook, told CNBC Thursday.
Continental Europe has also not been spared from loss of tourism following terrorist attacks in Paris and Brussels in the past year.
"Our Belgium business is significantly impacted. We will certainly make less money there this year," said Healy.