The collapse of Thomas Cook in the UK has no impact whatsoever in terms of ownership, business, people, technology or processes to us at Thomas Cook India: Madhavan Menon, chairman & managing director, TCIL.
Company's strategy is to 'milk the brand' as much as it can, as well as to look at an early transition.
Over the last few days, as the fortunes of Thomas Cook Plc took a wrong turn, the Indian entity scrambled to distance itself from its erstwhile parent. Experts have said that the travel firm must not change its brand name.
Thomas Cook India, the country's leading travel and tourism company, has acquired 100 per cent stake in Travel Corporation India for a total consideration of Rs 182.45 crore (Rs 1.82 billion).
As domestic players sense a strategic partner, experts say firm may have to sell forex, travel businesses separately.
Thomas Cook India Ltd named Stefan Pichler chairman. He replaces Pradip Madhavji.
Thomas Cook India Ltd has informed BSE that the Board of Directors at its meeting held today (January 16, 2003), taken on record, the appointed of Mr Stefan Pichler as a non-retiring Directors
Thomas Cook has bought stake in Thomas Cook India from Dubai Financial Group for up to Rs 1,336 crore. The group is repurchasing Thomas Cook's brand business, earlier licenced to Dubai Financial Group.
Thomas Cook (India) Ltd on Friday gave its clearance to the proposal of Dubai Financial, a subsidiary of the Dubai Investment Group, to make a public offer to acquire shares of the company.
Thomas Cook India, the country's largest travel-related service provider, said it slashed about 7 per cent of its workforce in 2008 and shut a few of the retail outlets as part of a plan to cut cost and boost profits.
The ex-ace investment banker talks about his game plan for making Thomas Cook a one-stop shop for travellers.
While the company would have nine counters, Central Bank of India will have two.
In its latest transition, the company will also double up as an investment vehicle.
Thomas Cook India Ltd board will meet on February 24 to consider the unaudited financial results for the quarter ended January 31, 2003.
With a surge in domestic air passenger traffic, the airfares have risen by 30 per cent to 100 per cent of the pre-pandemic levels amid the festive season, a top Thomas Cook executive has said. The domestic air passenger traffic increased around 67 per cent year-on-year in October. Thomas Cook, however, expects the airfares to be levelled off going forward, as the domestic carriers operate with 100 per cent capacity.
This will trigger an open offer under SEBI norms and TCIL will seek to buy up to 26 per cent in Sterling for Rs 230 crore.
'Travellers are considering safer and more stable destinations.'
Thomas Cook India's internal data had highlighted Lucknow region as a high potential source market for holiday business.
As temperatures soar, booking queries have surged by double digits -- going up to 125 per cent -- for destinations like Kashmir, Shillong, Gangtok, Munnar, Leh, Rishikesh, Guwahati, Imphal, Kodaikanal and the Andamans.
Thomas Cook India Ltd has posted a net profit of Rs 64.71 million for the quarter ended January 31, 2003 as compared to a net profit of Rs 56.39 million for the quarter ended January 31, 2002.
The growing YOLO (You Only Live Once) mindset, coupled with a desire for immersive outdoor experiences, is driving demand, primarily across age groups from 20 to 45 years.
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
Ultra-personalisation is the new standard for Indian tourists.
Travellers are keen to explore traditional Indian arts and crafts like Madhubani painting in Bihar, pottery and weaving workshops in Rajasthan, or Kathakali and Kalaripayattu training in Kerala.
'I suspect that Bangladesh being given permission stuck in India's official craw, and this story was an attempt to balance the scales by giving the impression that a similar waiver had been given to India as well.'
'The culture of mankind has been spread by the travel gene which pushes one in five people to have the curiosity to move to unknown destinations.'
The question is no longer whether the war will expand. It has. The next few days will tell us whether the war stabilises around Hormuz or whether the Strait itself becomes the trigger for a far larger rupture. What to watch for over the next 48 hours is simple: Any move by the US toward direct naval control of the Strait; any credible Iranian attempt to disrupt or mine shipping lanes and, critically, whether energy infrastructure in the Gulf continues to be targeted.If those lines are crossed in tandem, the war will no longer be containable within the region.
Destinations like Coorg, Munnar, the Western Ghats, and parts of the North East, are at their scenic best in the monsoon.
During this summer, Indian travel buffs are opting for destinations that provide an escape from the ominous heat, along with coastal regions within the country and countries offering visa-free travel.
Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.
The primary drivers: Geopolitical disruptions inflating fuel and operational costs, and a surge in travel demand.
Airfares on major domestic routes such as Kolkata-Bagdogra, Delhi-Bengaluru, and Delhi-Mumbai have witnessed an increase of up to 12.7 per cent year-on-year (Y-o-Y) in May this year, according to data by Thomas Cook (India) and SOTC Travel. The recent increase in aviation turbine fuel prices, rupee depreciation, reduction of flights by key players, and grounding of planes due to engine supply issues have contributed to the rise in airfares, said aviation industry experts. However, the data also shows that summer airfares on key routes such as Delhi-Leh and Delhi-Kolkata have significantly decreased due to the introduction of new flights.
A significant 69% respondents indicated keen interest to travel in 2021 post ease in restrictions with 18% ready to travel immediately post unlock and 51% within 3-6 months.
This festive season, Indian homes are mixing global luxury with personal touches using heirloom fabrics, handmade decor, and nostalgic menus to create celebrations that feel both grand and intimate.
Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals
While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.
Hospitality and travel sector players on Tuesday demanded infrastructure status for the hotel industry besides measures such as tax exemption on LTA annually to boost domestic tourism ahead of the Union Budget. They also recommended removal of the current TDS levied on automated bookings for internal or closed user groups such as business travel platforms and reducing the total number of licenses required to establish a hotel. "A full-blown infrastructure status for the hotel sector and further rationalisation of the Goods and Services Tax (GST) and a Central single window clearance for hotel projects are some of the major expectations from the Budget 2024," Roseate Hotels & Resorts CEO Kush Kapoor said in a statement.
Travel companies Cox & Kings and Thomas Cook explore initiatives aimed at tapping the niche market of travel packages for kids and the disabled.
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