Page 2 - Thomas Cook

More breaks, younger travellers, rising credit are emerging trends: Iyer

I think people are looking for more breaks. The second trend that we see is that the traveling population is getting younger

Thomas Cook India Q1 results: Consolidated net profit up 27% to Rs 147 cr

The company reported Rs 91.4 crore in consolidated operating profits this quarter as against Rs 3.3 crore in Q1FY23

Thomas Cook India reports Rs 71 cr profit in Q1, revenue at Rs 1,932 cr

Omni-channel travel services firm Thomas Cook India on Thursday reported a consolidated net profit of Rs 70.9 crore in the June quarter. The firm had reported a loss of Rs 6.9 crore in the year-ago period. The company's total income from operations grew to Rs 1,931.8 crore during the first quarter of the current fiscal from Rs 989.8 crore in the year-ago period, a regulatory filing to the BSE showed. However, its total expenses also rose to Rs 1,831 crore for the quarter under review from Rs 990 crore in the corresponding period last year. Thomas Cook (India) Ltd (TCIL) Executive Chairman Madhavan Menon said, "On the back of a commendable performance in FY23, the first quarter of FY24 has seen yet another very strong performance by the TCIL Group with operating EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) at Rs 1,474 million (Rs 147.4 crore) versus Rs 555 million (Rs 55.5 crore) for Q1 FY23." The robust performance for the April-June period -- a ...

Thomas Cook, SOTC sign pact with Sentosa Development to drive awareness

Thomas Cook (India) and its group company SOTC have inked a strategic pact with Sentosa Development Corporation (SDC), Singapore, to drive destination awareness. The strategic partnership aims at capitalising on the companies' viable leisure segments, according to a statement. Singapore's e-visa and extensive air connectivity offer convenient access for multiple getaways to Sentosa, it said. With Thomas Cook & SOTC's consumer data revealing high Indian appetite for experiential travel, Sentosa's diversity of unique leisure and entertainment makes it an Indian favourite, the statement added. "Indians are travelling like never before. With short hauls and exciting experiential travel steering demand, Sentosa is perfectly poised to capture the strong and growing appetite from the India market," said Abraham Alapatt, President & Group Head - Marketing, Service Quality, Value Added Services & Innovation at Thomas Cook (India) Limited. The Memorandum of Understanding (MoU) with .

Thomas Cook India's UAE subsidiary acquires 50% stake in 500 FT SPV

Travel services provider Thomas Cook India on Wednesday said its UAE subsidiary DEI Holdings Limited has acquired a 50 per cent stake in 500 FT SPV Limited. Thomas Cook India did not divulge details of the quantum of investment made by DEI Holdings in 500 FT SPV Limited, a UAE-incorporated firm. DEI Holdings Limited (DEI), a 51 per cent step-down subsidiary of the company in UAE, has invested into "500 FT SPV Limited," a company incorporated in the UAE. Post the investment, DEI owns 50 per cent stake in 500 FT SPV Limited, Thomas Cook India informed the BSE in a regulatory filing. Thomas Cook India had acquired imaging solutions and services provider Digiphoto Entertainment Imaging (DEI) in 2019.

Thomas Cook India rejigs top management, appoints Mahesh Iyer as MD & CEO

Travel services provider Thomas Cook (India) Ltd on Wednesday announced top-level rejig with Madhavan Menon designated as Executive Chairman while Mahesh Iyer has been elevated as Managing Director and Chief Executive Officer. The company's board of directors in its meeting on Wednesday approved the re-designation and appointment of Menon as Executive Chairman in the category of Whole-Time Director from his earlier designation as Chairman and Managing Director, Thomas Cook (India) said in a regulatory filing. His appointment will be for a fresh term of five years commencing from July 5, 2023, to July 4, 2028, not liable to retire by rotation, it added. Further, the board approved Menon's continuation as Executive Chairman on attaining the age of 70 years on February 12, 2025, during his tenure, it added. The company said its board also approved the re-designation of Iyer as MD and CEO from his earlier designation as Executive Director and CEO. Iyer's re-designation as Managing ...

Skip Manali, pick these hill stations for your annual summer break

To get away from the maddening crowds in popular holiday destinations, head to lesser known hill stations in Tamil Nadu, Arunachal, Sikkim

India's tourism will become stronger with G20 presidency: Thomas Cook CMD

India's domestic tourism growth will continue to be strong and will be further fuelled by inbound travels through the country's presidency of G20, conferences and exhibitions that are now increasingly held here, according to Thomas Cook (India) Chairman and Managing Director Madhavan Menon. On the other hand, long-haul outbound travels from India are also expected to pick up with the onset of summer in Europe and the US, he told PTI. "Domestic tourism is here to stay and the reality is that we're going to see more and more activity in the domestic space without a doubt," Menon said when asked if the strong growth in domestic tourism witnessed post COVID would sustain. One of the main reasons for the surge in domestic tourism is the changed consumer behaviour after the pandemic, believing in living for today and not worrying about tomorrow, coupled with their strong confidence in the economy, he added. "The pandemic has brought about a change in human behaviour. You're seeing more

Thomas Cook India's arm, Kanoo Travel to form joint venture in Saudi Arabia

Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India, and GCC-based travel conglomerate Kanoo Travel have signed an agreement to establish a joint venture in Saudi Arabia. The collaboration will bring together two travel trade organisations in the Middle East, aiming to create the most comprehensive destination services company in the region, according to a statement on Wednesday. "The synergies will ensure a portfolio of extensive and exceptional destination services in Saudi Arabia," Thomas Cook (India) Chairman and Managing Director Madhavan Menon said. Desert Adventures is a destination management company headquartered in the UAE, operating in the Gulf Cooperation Council (GCC) countries and Jordan. "Our partnership with Desert Adventures Tourism brings together our collective expertise, industry knowledge, and innovative approach to deliver exceptional solutions and services," Yusuf Bin Ahmed (YBA) Kanoo Company, Saudi Arabia, deputy chairman and YBA Kanoo

Thomas Cook to set up forex outlets at Manohar International Airport

Goa's Thomas Cook Airport counters will enable foreigners from G20 countries and NRIs to make UPI eligible Indian Rupee transactions upon arrival

Thomas Cook India, SOTC Travel, LTIMindtree together launch 'Green Carpet'

Omnichannel travel services firm Thomas Cook India and its group company SOTC Travel on Tuesday partnered with LTIMindtree to launch 'Green Carpet', a global platform that will help companies to monitor and manage their business travel emissions. Markets regulator Sebi has mandated the top 1,000 listed companies in India by market capitalisations to make filings as per the Business Responsibility and Sustainability Reporting (BRSR) from 2023-24. A SaaS-based platform, "Green Carpet" is designed to address specific concerns faced by organisations, helping them capture, monitor, analyse and reduce their carbon emissions from business travel. It offers real-time insights related to Scope 3 emissions and helps organisations to significantly reduce their ESG reporting costs. "The Sebi (Securities and Exchange Board of India) BRSR mandate extends to the top 1,000 listed companies by market cap - starting from FY24. So this is an immediate need for these enterprises. "Of these 1,000 list

Here's why Mehul Kothari is bullish on BPCL, Thomas Cook

According to the technical analyst from Anand Rathi, BPCL can rally to Rs 365; while Thomas Cook can jump to Rs 88.

Hotels, tour operators shed Covid baggage as Diwali promises to sparkle

Group tours at 65-70% of pre-pandemic levels; Southeast Asia, Egypt, and Turkey seeing maximum demand

Thomas Cook India Q1 consolidated net loss narrows to Rs 93.83 cr

Travel services firm Thomas Cook (India) Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 93.83 crore for the quarter ended June 30, 2021.

Stocks to watch: HCL Tech, BoB, Coal India, L&T, Paytm, SpiceJet, Wipro

Stocks to watch today: HCL Technologies will report June quarter results 2022 (Q1FY23) on Tuesday, July 12; Coal India ramped up capex plans to Rs 3,034 crore, up 64.8 per cent in June quarter 2022.

Short haul and domestic tours to drive growth, says Thomas Cook India

Thomas Cook's focus on destinations like Bangkok or Bali also coincides with the region's efforts to attract more Indian visitors

Thailand's lifting of pre-arrival Covid test could attract Indian tourists

According to the Tourism Authority of Thailand (TAT), citing a survey by British travel group, Thomas Cook, Thailand was among the top three most desired destinations among Indians

Airfares rise 30-100% against pre-pandemic levels: Thomas Cook

The domestic air passenger traffic increased around 67 per cent year-on-year in October

Thomas Cook, SOTC launch 'travel first, pay later' scheme

The schemes address issues related to health and hygiene during travel and also of financial risk of booking trips during the Covid-19 pandemic.

Thomas Cook India reduces loss to Rs 68 crore in the March quarter

Integrated travel services company Thomas Cook India limited its loss at a consolidated level to Rs 68 crore in Q4 FY21, compared with Rs 89 crore in the previous quarter