Thomas Cook India CEO Vikram Lalvani Highlights Strong Domestic Travel Growth, Eyes Network Expansion and Digital Tools
Thomas Cook India CEO Vikram Lalvani has highlighted strong domestic travel growth as a key business driver, with the company planning to leverage an expanding network and digital tools to address rising demand. The strategy is anchored in a customer-centric approach, aimed at improving service delivery and broadening the company's reach across India. These developments reflect the company's commitment to scaling its domestic travel operations in line with evolving consumer demand.
Thomas Cook India Launches Visa Rejection Insurance Cover in Partnership with SOTC Travel
Thomas Cook India has launched a visa rejection insurance cover in partnership with SOTC Travel, underwritten by ICICI Lombard General Insurance. The product provides financial protection for travelers facing visa denials, representing an expansion of the company's travel insurance portfolio and demonstrating its commitment to comprehensive travel solutions.
Thomas Cook India Expands Footprint in Karnataka with New Davangere Outlet
Thomas Cook (India) Limited has opened its first outlet in Davangere, expanding its network to 19 locations across Karnataka. The new franchise outlet aims to tap into the growing travel market in the state. It will offer a range of services including international and domestic holidays, travel insurance, and access to an AI booking platform. The outlet targets various traveler segments from Davangere and nearby towns, catering to business professionals, families, millennials, and senior citizens. Thomas Cook has identified key travel trends in Karnataka, including increased trip frequency, longer stays, and growing interest in experiential holidays.
07Aug 25
Thomas Cook India and SOTC Travel Expand Spiritual Tourism Portfolio Across India and Subcontinent
Thomas Cook India and SOTC Travel have expanded their spiritual tourism offerings, introducing 11 iconic pilgrimage sites across India and the Indian subcontinent. The expanded portfolio includes premium aerial darshans, VIP access, and personalized spiritual rituals. Major circuits covered include Char Dham Yatra, Kailash Mansarovar Yatra, and Ramayan Yatras. The initiative targets diverse demographics, from seniors to millennials, and combines spiritual journeys with unique local experiences. The companies report significant interest from metro cities and tier 2-3 cities, offering end-to-end tours with comprehensive travel insurance and on-ground support.
06Aug 25
Thomas Cook India Reports 15% Revenue Growth, Sterling Holiday Resorts Achieves Record Q1 Performance
Thomas Cook India and its subsidiary Sterling Holiday Resorts have reported robust financial results for Q1. Thomas Cook India's consolidated revenue grew by 15% to ₹24,530 million, with PBT (excluding one-time payment) up 18% to ₹1,284 million. Sterling Holiday Resorts achieved its best-ever Q1 performance with revenue up 8% to ₹1,392 million and PBT increasing 27% to ₹371 million. Both companies demonstrated resilience despite market challenges, with Thomas Cook's travel segments growing 18% and Sterling expanding its property portfolio.
06Aug 25
Thomas Cook India Sets Ambitious FY26 Growth Plans Through Sterling Holidays' Expansion
Thomas Cook India plans significant growth by 2026, leveraging its subsidiary Sterling Holiday Resorts' strong performance. Sterling reported 8% revenue growth to ₹1,392 crore and 25% EBITDA growth to ₹514 crore in Q1. The expansion strategy includes over 20 new resorts, with recent additions in Rudraprayag and Lansdowne, bringing the total to 54 destinations. Sterling maintains a strong financial position with ₹2,963 crore in cash reserves and no debt. The company's focus on quality is evident with 30 resorts winning TripAdvisor awards. Despite inventory increase, Sterling maintains pricing power with an Average Room Rate of ₹7,089 and 11% room revenue growth. The strategy also includes sustainability initiatives under Sterling Sankalp.
04Aug 25
Thomas Cook India Boosts Overseas Education Segment with Enhanced Study Buddy Forex Card
Thomas Cook India has upgraded its Study Buddy Forex Card, offering rewards worth Rs. 21,000. The package includes Amazon vouchers, loyalty points, flight discounts, and free services. Available until September 2025, this move targets the growing overseas education market, where Thomas Cook reported a 26% year-on-year growth. The enhanced card aims to address students' needs and strengthen the company's position in the forex market for international education.
30Jul 25
Thomas Cook India Reports Strong Q1 Performance with 108% Jump in Standalone Net Profit
Thomas Cook (India) Limited has reported strong Q1 financial results. Standalone net profit increased by 108% to Rs 555.40 million, while income from operations rose 108% to Rs 8,175.10 million. Consolidated net profit attributable to owners reached Rs 752.90 million. The company expanded its resort network from 50 to 62 resorts. Despite geopolitical challenges, the company reported an 18% growth in PBT for Q1 at Rs 1,284 million, excluding a one-time expense.