Tag Archives: Thomas Cook India Group

Madhavan Menon, Managing Director, Thomas Cook India Group, welcomes the announcement by the honourable Finance Minister, Sitharaman, saying, “This is a much needed step towards the revival of tourism – a sector  that is a significant contributor to the GDP, foreign exchange receipts and employment generation – with a cascading force multiplier effect on allied sectors. The three-pronged approach for the sector covers 100% guarantee for loans up to Rs 10 lakhs per government recognised Travel & Tourism stakeholder (TTS), up to Rs 1 Lakh financial support to over 11000 licensed guides at a state/regional level, and 5 lakh gratis visas that will serve to catalyse much needed inbound inflows.  The stimulus announcements reflect the government’s focus on the travel and tourism sector and augurs well for the industry, while simultaneously building consumer confidence in travel.”

The Thomas Cook (India) Group is all set to host its second edition- ‘The India Travel Summit 2017-The New Age of Travel’ on September 26 at Le Meridien, New Delhi. This year’s summit centres around four panels of engaging dialogue on highly relevant and contemporary topics: easing visa processes by consular representatives, tourism boards discussing about the new-age Indian traveller, technology partners and strategists debating on the future of the travel ecosystem and senior policy makers deliberating on the India tourism story -Incredible India 2.0 Thomas Cook India’s exclusive, by-invite only business summit, offers a unique platform for exchange of ideas benefiting the travel & tourism sector and will host highly influential decision makers, influencers and captains of industry. The India Travel Summit 2017 panel discussions will be moderated by Mahesh Iyer, Chief Executive Officer, Thomas Cook (India) Ltd, Vishal Suri, Managing Director, SOTC Travel Services Pvt. Ltd., Amit Madhan, President & Group Head Information Technology and eBusiness, Thomas Cook (India) Ltd. and Dipak Deva, Managing Director, Travel Corporation (India) Ltd. Panellist will include senior government officials, ambassadors and consular chiefs, heads of tourism boards, hotels & airlines as also CXOs from highly respected brands like Facebook, Accenture, Dentsu–Aegis Network, Sabre, etc. Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Limited, said, “The India Travel Summit was conceptualised to offer cutting-edge ideation and dialogue among key stakeholders and critical decision makers across the travel and tourism eco-system – focussing on both challenges and opportunities for the sector. India’s travel story is one the world is looking forward to with excitement—a nation that is emerging rapidly as one of the critical markets for tourism, both inbound, domestic and outbound.” Menon elaborated, …

Thomas Cook (India) through its wholly-owned subsidiaries Thomas Cook India Group announced its acquisition of Kuoni’s global network of Destination Management Specialists, covering 17 countries across the geographies of the Americas, Africa, Middle East, Asia and Australia. The transaction will be completed post customary closing conditions. The multinational acquisition creates a strong global network that will transform the Thomas Cook India Group into a globally integrated travel services provider with the ability to leverage inherent synergies across its global travel portfolio. The agreement includes premium brands with expert knowledge of their respective regions, including, ‘Asian Trails’, ‘Desert Adventures Tourism’, ‘Gulf Dunes’, ‘Private Safaris (East & South)’, ‘Allied TPro’ as well as ‘Australian Tours Management’ and extends across 17 countries – USA, Canada, South Africa, Kenya, Namibia, The United Arab Emirates, Jordan, Oman, China, Malaysia, Thailand, Cambodia, Laos, Myanmar, Vietnam, Indonesia and Australia. Madhavan Menon, Chairman & Managing Director, Thomas Cook India Group said, “In keeping with the Fairfax strategic intent of fair and friendly acquisitions, our agreement to acquire Kuoni’s global network of Destination Management Specialists in 17 countries, provides us a significant expanded global footprint with enhanced presence in The Americas, Middle East, Africa, Asia and Australia- all favoured destinations for tourists and business travellers worldwide.” He added, “This acquisition is a strong reiteration that the Thomas Cook India Group continues to invest and grow its travel businesses globally with a view to creating strong value for its customers.”