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May, 09 2014

Thomas Cook targets tier II & III cities

Thomas Cook (India) Ltd, an integrated travel and travel related financial services company has a footprint that extends to over 236 locations (including 19 airport counters) in 98 cities across India, Mauritius and Sri Lanka.

Thomas Cook (India) Ltd, an integrated travel and travel related financial services company has a footprint that extends to over 236 locations (including 19 airport counters) in 98 cities across India, Mauritius and Sri Lanka, and is supported by a strong partner network of 116 Gold Circle Partners and 165 preferred sales agents in over 150 cities across India.

Thomas cook plans to expand its network to tier II, III cities. It's also looking to increase focus on the Middle-East market, since it will continue to grow massively over the next few years.

Thomas Cook India follows the single model franchise pan-India, offering consumer services like visas, holiday packages, forex, travel insurance, ticketing and others. The franchise model allows the franchisees to bring in only the investment and the remaining part is taken care of by the company.

Thomas Cook (India) Ltd confirmed its consolidated financial results for the quarter ended March 31, 2014, with an increase in income from operations of 454 per cent (Rs 869 million to Rs 4.8 billion vs the corresponding quarter of 2013).

Commenting on the results,Madhavan Menon, Managing Director, Thomas Cook India, said: “Given that this is the traditional low quarter for our largest businesses- Outbound and Foreign Exchange,  the consolidated results are admirable with our inbound team making a remarkable turnaround as also strong delivery from our Forex and E Biz teams.

The company is an integrated travel and travel related financial services company in the country offering a broad spectrum of services that include foreign exchange, corporate travel, MICE, leisure travel, insurance, visa, passport services and e-business. The company set up its first office in India in 1881.

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