Thomas Cook CMD Madhavan Menon

The country's hospitality sector is likely to witness strong tailwinds in the medium to long term, with demand outpacing supply, Thomas Cook India's Executive Chairman Madhavan Menon said. In an interview with PTI, he shared that the company's expansion plans in India are focused on a phygital model, and it is looking at opening around 20 new holiday outlets this fiscal through a combination of owned and franchise locations, and this will include key source markets across Tier 1-3 cities and towns. The company reported a consolidated net profit of Rs 73.13 crore during the first quarter ended June 30, marginally up from Rs 70.93 crore a year ago, according to a regulatory filing. During the April-June quarter, Thomas Cook India's total income rose to Rs 2,134.33 crore from Rs 1,931.87 crore in the year-ago period. "In the medium and long term, the tailwinds for the hospitality sector remain strong, with demand expected to continue outpacing supply," Menon told PTI. Citing industry

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 ...

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

Interview with Madhavan Menon, Chairman and Managing Director, Thomas Cook