Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Thomas Cook India eyes strong growth potential of North India

Posted On: 2017-09-18 11:01:06

Thomas Cook (India) Ltd., India's leading integrated travel and travel related financial services company, in a focussed initiative to tap the strong potential of its North India source markets, has strengthened its presence with the opening of 4 new outlets in NCR's Rajouri Garden, Pitampura, Lajpat Nagar and Jodhpur, Rajasthan. This expansion augments Thomas Cook India's distribution and reach in North India to 42 consumer access centers: 13 owned branches and 29 Gold Circle Partner (franchise) outlets.

Thomas Cook India's internal data has revealed high demand from India's north markets, with strong growth of 25% for January- August 2017 against the same period of the previous year. The year has seen significant uptake for favorites like USA & Canada, UK, France, Switzerland and Asia's Singapore, Thailand, Malaysia; equally for Australia, New Zealand and South Africa. Emerging strongly are destinations like Hungary, Czech Republic, Croatia, Romania, Japan and Bali, as also exotic locales like Georgia and Azerbaijan.

Thomas Cook's consumer insights for North India indicate that the protagonist traveller of today is a clear valueseeker, with "brag-worthy" experiences driving preferences for engaging outdoor-adventure and nightlife. Family vacations have topped the holiday segment with a 40% growth, followed by a surge in cruise holidays with a impressive growth of over 35% this year. Cruise holidays for Singapore, Malaysia, Hong Kong, Macau and Dubai have powered the growth from North this year with the key cruise lines being Star Cruises, Costa Cruises and Royal Caribbean.

High demand was observed for Thomas Cook's GIT/ group escorted tours and for its ad-hoc groups - comprising extended families, group of friends and millennials/ young working professionals. The millennial segment resulted in strong growth for destinations such as Bali, Maldives, Singapore, Hong Kong, Thailand, Dubai, Abu Dhabi and Malaysia. Another interesting growth segment was Thomas Cook's Travel Quest- The company's educational / study tours which operated student groups to Europe (UK, Germany, Netherlands and the Czech Republic) USA, and Asia's Singapore, Malaysia and Hong Kong, etc.

Mr. Rajeev Kale, President & Country Head Leisure Travel & M.I.C.E at Thomas Cook (India) Ltd said "North India is a powerful source market for us at Thomas Cook India and we are witnessing strong growth of over 25% YoY across our Leisure Travel businesses lines. Our strategic intent is to maximise on this market potential via organic expansion and we've carefully selected high footfall centres for our new outlets in prime catchment locations within the larger NCR metro market; also Jodhpur in Rajasthan".

He added, "Our 4 new outlets give our customers in North India (across families, business travellers, millenials, senior citizens, students and NRIs) access to Thomas Cook's experts right at their doorstep!"

Thomas Cook's 4 new outlets are:

- Shop 6 Gr Floor, TDI Mall Rajouri Garden, New Delhi- 110027; Ph: 01140153867/68/69
- 105 1st floor D Mall, Netaji Subhash Place, Pitumpura, New Delhi -110034;Ph: 011-64641062/63
- J-36, Central Market, Lajpat Nagar - 2, New Delhi - 110024, Ph: 011-4940619091
- 386 Bheem Villas, 1st C - Road Sardarpura, Jodhpur - 342001 (Raj.) Ph: 0291 - 6061111

Shares of THOMAS COOK (INDIA) LTD. was last trading in BSE at Rs.244.5 as compared to the previous close of Rs. 244.05. The total number of shares traded during the day was 25700 in over 819 trades.

The stock hit an intraday high of Rs. 249.35 and intraday low of 242. The net turnover during the day was Rs. 6310124.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Mahindra Lifespaces - HDFC Capital affordable housing platform launches its first project
KPR Mill Ltd to consider buy back on Feb 22, 2018
Prime Focus Limited announces Q3 FY17-18 results
Varun Beverages Ltd. announces Q4 & CY2017 Financial Results CY2017
ITI Limited Announces Financial Results for the Quarter Ended December 31, 2017
ARSS Infrastructure Projects Ltd gets two work orders totaling Rs. 121.09 crores
Asian Oilfield Services Ltd announces resignation of CFO
PU Paint shop goes into commercial production
Infosys Ltd sells investment in Onmobile Systems Inc
Technocraft Industries India Ltd signs MOU to invest Rs. 183.32 crores
Dilip Buildcon Ltd declared L-1 bidder for EPC project in UP
DCM Shriram Ltd to consider 2nd interim dividend on Feb 23, 2018
Lloyds Metals and Energy Ltd signs MoU to set up Mineral based steel plant at Gadchiroli district
ITD Cementation India Ltd receives order from TANGEDCO
RCom shareholders approve asset monetization
CARE A1+ rating assigned to DCM Shriram Industries Ltd's CP programme
ITD Cementation India Ltd Board to consider Dividend on Feb 22, 2018
Menon Bearings Ltd announces resignation of Mrs. Nazura Ajaney
CDC Group plc, UK's Development Finance Institution extends Rs. 2,000 mn funds to Future Consumer Limited
HomeShop18 & Shop CJ aggregate their businesses under the HomeShop18 umbrella
8K Miles Software Services Limited (8K Miles) Launches Blockchain Platform 8K Miles Health Edge
APIDC nominee director resigns from Srikalahasthi Pipes Limited
Bright Brothers Ltd appoints company secretary
Som Distilleries & Breweries Ltd starts Maharashtra operations
Kesar Terminals & Infrastructure Ltd announces resignation of company secretary
Shree Cement Ltd commissions cement grinding unit in Rajasthan
Akzo Nobel India Limited commissions new powder coatings facility at Thane
Thomas Cook India honoured with Best Risk Management Award Travel & Leisure category
L&T Construction Wins Orders Valued Rs. 1,585 Crore
OM Metals Infraprojects Ltd Fixes Feb 28, 2018 as Record Date for Interim Dividend
Hindustan Foods Limited announces Q3 and 9M FY18 Financial Results
Centum Electronics Ltd Fixes Feb 23, 2018 as Record Date for Interim Dividend
Carborundum Universal Ltd Fixes Feb 26, 2018 as Record Date for Interim Dividend
Zee Learn Ltd to acquire MT Educare Ltd
BEML advances delivery of the first intermediate car unit to BMRCL
Rajesh Exports Limited secures an export order of Rs. 873 Crores
Dhanuka Agritech Ltd announces resignation of Mr. Balvinder Singh Kalsi as Director
Fineotex Chemical Ltd Board declares Interim Dividend of Rs. 0.20 for 2017-18
MosChip Performance Review: Q3 FY 2017-18
8K Miles Q3 FY17-18 EBITDA up by 59 % YoY and 10% QoQ
Balkrishna Industries Ltd Board Declares Third Interim Dividend of Rs. 1.50
Nestle India Ltd Board approves dividend of Rs. 23 for 2017
Hatsun Agro Product Ltd's MD bags award
Infibeam Incorporation Ltd Board declares Interim Dividend of Rs. 0.10
Indo Count Industries Ltd Board declares Interim Dividend of Rs. 0.40 for 2017-18
Vidhi Specialty Food Ingredients Ltd Board declares Third Interim Dividend of Rs. 0.20
OM Metals Infraprojects Ltd Board declares Interim Dividend of Rs. 0.35
Dhanuka Agritech Ltd declares interim dividend of Rs. 2
Dhunseri Tea & Industries Ltd appoints Executive Director
Carborundum Universal Ltd Board declares Interim Dividend of Rs. 1


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018