Thomas Cook expands footprint, acquires Kuoni business in 17 countries

The move marks its big foray into inbound travel segment, gives it a pricing edge over competition

Thomas Cook has acquired destination management business of Kuoni,  a move which marks its big foray into the inbound travel segment and gives it a pricing advantage over its competition.

In a notification to the stock exchange late on Friday evening, Thomas Cook said it had acquired Kuoni's global network of destination management specialists (DMS). The acquired business consists of six business units and is spread over 17 countries in Asia and Africa besides Australia and the US. The deal size was not disclosed.

Kuoni is not exiting destination management business completely. It will retain its group travel