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Tag: TCIL

  • Thomas Cook India & SOTC Travel launch range of winter holidays

    Thomas Cook India & SOTC Travel launch range of winter holidays

    Mumbai: Thomas Cook (India) and SOTC Travel have joined forces to launch an extensive range of luxury, ready-to-book, air-inclusive, land-only, and customizable winter holidays across top domestic and international destinations.

    Showcasing winter at its best, Thomas Cook (India) & SOTC Travel have incorporated exceptional experiences: aurora hunting in Sweden; Finland’s husky safaris; stays in an ice hotel or glass igloos in Norway with spectacular views of the northern lights; snowmobiling, snowboarding, and tobogganing in Lapland; and a visit to Santa’s village in Rovaniemi. A diversity of wellness: from Iceland’s geo-thermal Blue Lagoon to the Swiss spa town of Bad Zurzach. Distinctive gastronomic options include fondue aboard Zurich’s Fondue Tram or exclusive winery trips to Chamonix, Burgundy, and California’s Napa Valley.

    Thomas Cook & SOTC domestic winter portfolio includes outdoor adventure like biking and camping trips; skiing, rock climbing, and sleighing at Patnitop, Kashmir, or a myriad of winter festivals, including Gujarat’s Rann Utsav, Jaisalmer’s Desert Festival, and Nagaland’s Hornbill Festival. The companies’ winter range includes luxury stays in Kashmir’s Khyber/Qayaam, Tamara/Gateway, Coonoor, or glamping in Rajasthan.

    Ensuring customer delight, the companies’ live video connect platform seamlessly connects customers directly with holiday experts via a video call/chat, without having to download additional apps/software.

    Thomas Cook (India) president & country head of holidays, MICE, and visa Rajeev Kale said, “Customer confidence in travel is back, driving high demand for winter travel. We have launched our distinctive winter holidays that offer spectacular winter vistas and unique snow experiences, romantic locales for couples, and winter cuisine-wine across India and international favourites. Customers can select from our array of value to luxury, ready-to-book or personalised options – to plan a truly once in a lifetime experience. Our special Buy One Get One Free and cash discounts/vouchers are sure to sweeten the deal!”

    Adding to it, SOTC Travel president and country head Daniel D’souza said, “Our consumer data reveals that 68 per cent of respondents are keen to travel during the winter. To capitalise on this demand, we are delighted to present a range of winter wonderland experiences, such as thrilling snow activities, rejuvenating wellness and gastronomic experiences, and a special visit to Santa Claus’ village in Finland. We’ve targeted India’s millennials with exciting outdoor adventure, families with fun experiences, and the HNI-UHNI segment with luxury stays and wellness.”

  • Thomas Cook India posts consolidated income growth of 46% to Rs 3,573 mn

    Thomas Cook India posts consolidated income growth of 46% to Rs 3,573 mn

    Mumbai: India’s leading omnichannel travel services, Thomas Cook announced its financial results for the quarter ended 31 March 2022 reflecting a strong rebound with sustained improvement in profitability despite the third wave of Covid-19 (reducing the effective quarter to 45 days), growing geopolitical concerns and a highly delayed restart of India’s scheduled commercial flights.

    TCIL has reported consolidated operating earnings before interest, taxes, depreciation, and amortization (Ebitda) of Rs 239 million, a 19 per cent growth over Rs 201 million in Q3 FY22 against a previously reported loss of Rs 361 million in Q4 FY21. The consolidated income from operations for the quarter grew by 46 per cent from Rs 3,573 million for Q4 FY21 to Rs 5,221 million in Q4 FY22. The cash and bank balances of the company at a consolidated level as on 31 March 2022 are at Rs 6,399 million. The company continued its focus on cost prudence with reduced costs for Q4 FY22 at Rs 2,754 million, registering 37 percent saving at pre-pandemic levels in Q4 FY20.

    According to the reports, TCIL standalone operating Ebitda of Rs 28 million against a loss of Rs 74 million in Q3 FY22 was led by strong sales recovery by Forex 56 percent and business travel 50 percent. The trend continued in April 2022 with foreign exchange, corporate travel and domestic holidays registering a recovery of 62 percent, 81 percent and 85 percent of pre-pandemic sales respectively.

    TCIL income from operations for the quarter grew by 25 per cent from Rs 636 million in Q4 FY21 to Rs 794 million. The margins for the holiday business & foreign exchange grew by 326 bps and 29 bps, respectively.

    The company continued its focus on cost prudence with reduced costs for Q4 FY22 at Rs 767 million, registering a 51 per cent saving from pre-pandemic levels of Q4 FY20.

    The company’s sustained focus on technology delivered end-to-end digitization across its businesses, including B2C and B2B self-booking/servicing tools and dynamic customization, vendor management and automated accounting/payment solutions. The digital acceleration serves to further augment the company’s omnichannel model towards an enriched customer experience, cost and efficiency benefits.

    Thomas Cook’s managing director Madhavan Menon said, “Despite the Omicron wave reducing the quarter to 45 days and the reopening of Indian skies for scheduled international flights only on 27 March, our teams have delivered a commendable performance this quarter with an operating Ebitda of Rs 239 million. The group’s strong performance was led by foreign exchange, business travel, sterling holidays, DEI & desert Adventures. With other markets opening up, we expect the other group companies to stage quick recoveries too.”

    “Our focus on sustainable cost management balanced with a thrust on technology over the past three years is delivering results in the form of speed, productivity and improved customer experience. Recovery is accelerating continually, with our foreign exchange, corporate travel and domestic holidays businesses registering an estimated sales recovery of 57 percent, 81 percent and 99 percent of pre-pandemic levels as of the end of May 2022 and strong pipelines for the coming quarter and beyond,” Menon added.