Thomas Cook

The company also plans to open one resort every month to expand the presence of Sterling Holiday Resorts in India

Omnichannel travel firm Thomas Cook (India) on Tuesday said it signed a partnership with the central government for providing accommodation, catering and transport services for the National Games of India 2025 being held in Uttarakhand. National Games of India 2025 is a multi-sport extravaganza bringing together top athletes from across the country to participate in 32 sporting disciplines and 4 demonstration events during January 28-February 14, 2025, Thomas Cook said in a statement. Thomas Cook India has been appointed the exclusive partner to deliver end-to-end management across 3 key portfolios of accommodation, catering and transport for 20,000 contingent, including over 10,000 athletes, 5,000 support staff, and 3,000 dignitaries. For this, the company has set up a dedicated team of over 200 members to manage operations across 11 locations and 32 venues. Additionally, the company will sponsor physiotherapy services throughout the 38th National Games with a dedicated team of 54

Travel services provider Thomas Cook (India) on Tuesday said it has collaborated with National Payments Corporation of India (NPCI) to launch its first RuPay prepaid forex card for Indian travellers visiting the UAE. The partnership commences with the UAE as a pilot, which will be followed by a global rollout in a phased manner, Thomas Cook said in a statement. Travellers can use Thomas Cook's RuPay AED (United Arab Emirates Dirham) card extensively across the UAE for transactions and ATM withdrawals. The company claimed that it is the first and the only company to have partnered with NPCI to launch RuPay AED prepaid forex card. "This innovative Made-in-India initiative is a first-of-its-kind partnership with an Indian non-banking entity," Thomas Cook (India) Executive Vice-President - Foreign Exchange, Deepesh Varma said. The UAE is an important global market for Thomas Cook (India) foreign exchange business and the company's card business has witnessed a significant growth, with

Crisil Ratings on Thursday revised its outlook on the long-term bank facilities and corporate credit rating (CCR) of Thomas Cook India (TCIL) to 'positive' from 'stable'. The rating agency has also reaffirmed the ratings at 'CRISIL AA-/Positive CRISIL A1+', Crisil Ratings said in its report. The revision in outlook follows the rating upgrade on the loan facilities of the parent Fairfax Financial Holdings (Fairfax) by S&P Global Ratings to 'BBB+/Positive' from 'BBB/Watch positive'. The rating upgrade by S&P Global Ratings was due to material strengthening in Fairfax's capital adequacy at 2023-end, boosted by strong earnings and diversification credit under its revised criteria, it added. Besides, the rating action also factored in improvement in the Thomas Cook India group's overall operating performance, driven by strong growth in revenue, which is expected to be sustained over the medium term, and structural reduction in cost, leading to better operating margin and return on .

High airfares remain a challenge that impacts India's leisure and business travellers, Thomas Cook India's Executive Chairman Madhavan Menon said. In an interview with PTI, he shared that airline capacity too continues to be a challenge despite an increase in scheduled flights. "We hope to see the demand-supply constraints ease a bit with new aircraft being introduced into the network, but this will be over the long term," Menon said. On the company's expansion plans, he informed that Thomas Cook India is working on expanding and strengthening its physical network with a combination of owned and franchise outlets and accelerating its digital footprint in the country. "With a focus on viable source markets, we continue our retail expansion with a combination of owned and franchise outlets, across metros/mini-metros and regional India. "Additionally, for our foreign exchange business, we have leveraged existing franchise outlets to set up foreign exchange counters within the same ..

Travel services provider Thomas Cook (India) Ltd on Wednesday reported a consolidated net profit of Rs 58.17 crore for the fourth quarter ended March 2024. The company had posted a consolidated net loss of Rs 10.22 crore in the same quarter a year ago, Thomas Cook (India) said in a regulatory filing. Its consolidated total income during the quarter under review stood at Rs 1,692.61 crore against Rs 1,323.94 crore in the corresponding period of the previous fiscal, it added. The total expenses in the fourth quarter were higher at Rs 1,631.92 crore compared to Rs 1,330.1 crore in the year-ago period. For the fiscal ended March 31, 2024, its consolidated net profit was Rs 271.11 crore against Rs 10.37 crore in the previous year. In FY24, the consolidated total income stood at Rs 7,435.65 crore compared to Rs 5,111.2 crore in FY23, the company said. The company said its board of directors has recommended a dividend of 60 paisa per equity share of face value Re 1, including a special

Targeting the surge in demand for spiritual tourism, Thomas Cook India and its group firm SOTC Travel have partnered with the Uttarakhand Tourism Development Board to offer aerial darshans to Adi Kailash and Om Parvat, the company announced on Wednesday. The five-day spiritual tour has been launched at a price of Rs 90,000 per person -- subsidized by the Uttarakhand Tourism Development Board. The base camp for the tour will be Pithoragarh, in Uttarakhand. The darshans will start from the second day onwards. On the day-2 of the trip Manokamna temple darshan will be organised and on day-3 onwards there will be Adi Kailash & Om Parvat darshan. Each batch of the five-day spiritual tour will consist of 14 persons. Thomas Cook and SOTC's data indicates a significant demand of 100 per cent YoY for Spiritual Tourism. The tour includes two helicopter darshans to Adi Kailash and Om Parvat, an ATV (All-Terrain Vehicle) for journey to the Parvati Sarovar temple and all meals (vegetarian), ...

A deal with eSky, which is majority-owned by private equity firm MCI Capital, could be reached in coming weeks, according to the report

The 40-million sh­a­re offering saw bids for 85.7 million shares largely from insti­tutional investors

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Madhavan Menon speaks to Akshara Srivastava about the drivers behind this growth and what lies ahead for the Indian travel and hospitality landscape

Omnichannel travel services firm Thomas Cook (India) Ltd on Tuesday said CRISIL has upgraded its credit rating both in the short- and long-term. "CRISIL has upgraded rating on the bank facilities of Thomas Cook (India) Ltd (TCIL) to 'CRISIL AA-/Stable/CRISIL A1+," TCIL said a statement. The rating upgrade in the long term to 'AA-/Stable' from 'CRISIL A+/Stable' and in the short term to 'CRISIL A1+' from 'CRISIL A1' reflects Thomas Cook India Group's strong scale-up in revenue across businesses and expectations of sustained momentum driven by brisk revival in demand after the pandemic-induced disruptions, according to the company's statement. The ratings are indicative of TCIL's strong business risk profile with leadership position in travel and foreign exchange segments and healthy presence in hospitality (Sterling Holiday Resorts) and digi-photo imaging segments, as per CRISIL Ratings. The company has also improved its financial risk profile following sharp revival in business ...

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

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

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 (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 .

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.

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 ...