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

| More

Thomas Cook India and SOTC Travel jointly release survey Third Holiday Readiness Report - June 2021

Posted On: 2021-06-24 09:28:10 (Time Zone: UTC)


Thomas Cook India and SOTC Travel surveyed over 4000 customers across India's Tier 1 - 3 cities in a recent survey to identify emerging consumer behaviours and trends that will drive travel preferences in the COVID era. The survey covered consumers of India's top 8 metros, mini metros like Pune and key Tier 2/3 markets of Jaipur, Indore, Tiruchirappalli, Madurai, Nagpur, Surat, Baroda, Bhubaneswar, Lucknow, Chandigarh, Mysore, Coimbatore, Visakhapatnam, Guwahati, Patna, etc. The companies have released key findings in their Third Holiday Readiness Report (June 2021).

The data analysis has revealed valuable insights on travel behavior and customer expectations:

- Strong Travel Desire/Intent: A significant 69% respondents indicated keen interest to travel in 2021 post ease in restrictions - with 18% ready to travel immediately post unlock and 51% within 3-6 months

- Financial Safety: 81% respondents reiterated their need for refundable/zero cancellation products

- Physical/Personal Safety: 70% respondents rank Health & Safety as a key consideration

* Re-sanitation of rooms: was selected by 52% respondents as a key requirement.

* Fully vaccinated hotel staff, drivers was a need highlighted by 48% and 34% respondents, respectively

- Willingness to Increase Spends basis Health & Safety: 66% respondents are willing to increase spends to ensure higher levels of health & safety on their holiday

- Demand for both Domestic (54%) and International (46%) destinations

* India: Kashmir, Leh-Ladakh, Himachal, Andamans, Goa, Kerala, etc.

* International: Dubai-Abu Dhabi, Maldives, Mauritius, Thailand, Europe, etc. (Destinations selected basis announcements of unlock/easing of travel restrictions)

- Duration of Stay: 35% respondents chose holidays between 3-5 days; 52% for 6-12 days; 13% for a holiday of over 12 days

- Travel Companions: 62% respondents prefer to travel with family/friends; 20% as couples/solo;18% in a vaccinated group

- Need for Human Touch/ Expertise:

* 77% respondents continued to express strong preference for interaction with an expert for guidance / reassurance - 27% opting to purchase holidays through retail outlets; 17% for home service; 33% preferred a contactless experience of a virtual store/video chat

* 23% opted for bookings via website/app

Rajeev Kale President & Country Head - Holidays, MICE, Visa, Thomas Cook (India) Limited said, "Indian consumers continue to display strong travel desire with a noteworthy 69% keen to travel in 2021. Equally important are consumer concerns on health-safety (70%), uncertainty (19%) and need for refundable/zero cancellation products (81%). To address this and boost customer confidence, we have launched TravShield - our commitment to personal safety, financial safety and mental safety. Personal Safety includes vaccinated travellers on tour, vaccinated hotel staff/drivers and interactions with vaccinated travel advisors; sanitized rooms, restaurants and vehicles. Financial Safety covers free cancellations and re-scheduling. To ensure mental safety, our products are inbuilt with Covid Insurance and to ensure peace of mind we have our 24x7 Doctor-on-Call service for any emergency during travel - in partnership with Apollo Clinics."

He added, "To give customers an exclusive advantage, our Holiday First and Pay When you Return is a unique offer - allowing them to enjoy their holiday and pay later."

Daniel D'souza, President & Country Head, Leisure, SOTC Travel said, "We are very encouraged with the strong pent up travel demand (69%) revealed via our survey and given that uncertainty is a key concern, our Holiday First and Pay When You Return is an unbeatable offer - with a minimal token deposit of Rs 5000 paid pre-holiday and the balance post-holiday. The offer is invaluable as SOTC pays for all the charges/fees till 15 days from return.

Our TravShield safety commitment is aimed at ensuring a stress-free and safe holiday experience across every stage of the customer journey and enhances our existing Assured Insured Secured Travel Program We truly understand customer concerns on account of health/safety (70%) and TravShield is intended to reassure and build confidence in travel when restrictions ease."

Shares of THOMAS COOK (INDIA) LTD. was last trading in BSE at Rs.63.7 as compared to the previous close of Rs. 62.95. The total number of shares traded during the day was 275231 in over 993 trades.

The stock hit an intraday high of Rs. 65.8 and intraday low of 63.45. The net turnover during the day was Rs. 17745655.


Source: Equity Bulls

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


Other Headlines:

Multi Commodity Exchange of India Limited Q1FY22 consolidated PAT at Rs. 39.80 crores

pTron launches country's first Made-in-India Active Noise Cancellation TWS Earbuds with Pooja Hegde

Aksharchem India Ltd resumes production of H-Acid plant at Indrad

IMFA Q1 FY22 results boosted by higher FeCr prices

Gayatri Projects Limited inks MoU with overseas investor for exploring fund infusion

United Drilling Tools Ltd Board declares First Interim Dividend of Rs. 0.60

Avantel Ltd receives order for Rs. 7.80 crore

ITC Ltd reports consolidated net profit of Rs. 3343.44 crores in Q1FY22

Mayukh Dealtrade Ltd Q1FY22 net profit at Rs. 25.44 lakhs

Kothari Fermentation and Biochem Ltd posts Rs. 1.70 crore PAT in Q4FY21

Vivanza Biosciences Ltd Q1FY22 consolidated PAT at Rs. 32.18 lakhs

Zee Media Corporation Ltd Q1FY22 consolidated loss at Rs. 9.06 crore

Sacheta Metals Ltd Q1FY22 PAT at Rs. 0.44 crore

ICICI Bank Ltd reports consolidated PAT of Rs. 4747.42 crore in Q1FY22

Zenotech Laboratories Ltd Q1FY22 PAT rises to Rs. 3.49 crore

CyberTech Total Revenue for Q1FY22 was Rs 351 million, up by 12.4% QoQ basis

NILA Spaces Limited to develop residential project at GIFT City, Gandhinagar

Raymond strengthens its board through the appointment of new director

KPI Global Infrastructure Ltd to migrate to main board of BSE and NSE

United Drilling Tools Ltd Q1FY22 PAT rises to Rs. 14.12 crore

Sportking India Ltd Q1FY22 net profit zooms to Rs. 78.99 crore

Jasch Industries Ltd Q1FY22 PAT slips QoQ to Rs. 3.10 crore

G N A Axles Ltd Q1FY22 consolidated PAT jumps to Rs. 29.46 crore

Chembond Chemicals Ltd Q1FY22 consolidated net profit at Rs. 4.78 crore

Camex Ltd Q1FY22 consolidated loss at Rs. 53.73 lakhs

Automotive Stampings and Assemblies Ltd Q1FY22 loss at Rs. 8.80 crore

Zen Technologies Ltd Q1FY22 consolidated loss at Rs. 1.13 crore

Hikal Ltd halts factory operations temporarily at Mahad unit due to flooding

Trishakti Electronics and Industries Ltd Q1FY22 PAT at Rs. 28.13 lakhs

Indian Metals and Ferro Alloys Ltd Q1FY22 consolidated PAT jumps to Rs. 99.09 crores

H G Infra Engineering Ltd receives LOA from NHAI for UER project in Delhi

JSW Steel Limited completes payment of consideration to Welspun Corp for acquisition of PCMD business

3P Land Holdings Ltd Q1FY22 consolidated PAT at Rs. 8.62 lakhs

ICRA reaffirms longterm rating of Cantabil Retail India Ltd

ICRA Ltd assigns rating to Edelweiss Financial Services Limited

Majesco to build a Proptech Ecosystem, to acquire 51% stake in K2V2 Technologies Pvt Ltd

Transcorp International returns to Cash Profits - remains bullish on outward remittance and PPI Payments Systems business

Dynamatic Technologies Ltd concludes sale of foundry business

Veer Global Infraconstruction Limited acquires land in Vasai, Palgarh

Kirloskar Industries Limited's arm approves revised plan for its land parcel at Kothrud, Pune

Aurionpro Solutions Ltd posts Q1FY22 consolidated PAT of Rs. 14.21 crore

CyberTech Systems and Software Limited Q1FY22 consolidated net profit at Rs. 3.94 crore

Reliance Industries Ltd Q1FY22 consolidated net profit declines to Rs. 12273 crores

Symphony Ltd Q1FY22 consolidated PAT at Rs. 6 crore

Artson Engineering Ltd reports net profit of Rs. 55.53 lakhs in Q1FY22

Dynamatic Technologies Ltd Q1FY22 consolidated PAT at Rs. 2.52 crore

Majesco Ltd Q1FY22 loss at Rs. 2.41 crore

Sat Industries Ltd Board recommends Dividend of Rs. 0.10

Navkar Corporation Ltd board approves expansion plan

N R Agarwal Industries Limited's ratings reaffirmed, rated amount enhanced


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

disclaimer copyright © 2005 - 2020