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 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.
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.
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.
29Jul 25
Thomas Cook India and SOTC Travel Tap into Festival Tourism Trend with New Holiday Packages
Thomas Cook India and SOTC Travel have introduced a range of holiday packages centered around global and Indian cultural celebrations, responding to the growing trend of festival and carnival tourism. The packages cover international events like La Tomatina in Spain and Oktoberfest in Germany, as well as Indian celebrations such as Onam in Kerala and Rann Utsav in Gujarat. This move aligns with the India Holiday Report finding that 75% of respondents are interested in experience-led holidays. The offerings cater to various segments including millennials, families, and corporate groups, with demand coming from both metro and tier 2-3 cities.
24Jul 25
Thomas Cook India Pioneers Contactless Cross-Border Payments with Google Pay and Visa
Thomas Cook (India) Limited has partnered with Google Pay and Visa to offer contactless cross-border payments using prepaid forex cards, a first in India. Customers can add Thomas Cook forex cards to Google Pay for transactions in 95 countries. The service offers mobile integration, contactless payments, enhanced security through network tokenization, and eliminates the need for physical cards. This initiative targets India's growing digital payment market, especially millennials and Gen Z travelers, with UPI transactions showing a 45% year-over-year increase as of October 2024.
10Jul 25
Thomas Cook's Sterling Unveils Luxury Boutique Hotel in Dehradun
Thomas Cook India's hospitality arm, Sterling Holiday Resorts, has launched a new luxury boutique hotel named Sterling GK Exotica in Dehradun, Uttarakhand. This move marks Sterling's strategic expansion into the high-end hospitality market in a popular Indian tourist destination. The launch represents a diversification of Sterling's portfolio, potentially opening new revenue streams in the premium travel market.
25Jun 25
Thomas Cook India Enhances Customer Service with WhatsApp Voice Calling for Forex Queries
Thomas Cook India has introduced a new WhatsApp voice calling feature for forex-related inquiries, specifically for users of their pre-paid cards. This service aims to improve customer experience by making it more convenient for customers to address their queries. The initiative leverages technology to enhance customer service capabilities and demonstrates the company's commitment to digital transformation in the travel and financial services market.
24Jun 25
Thomas Cook's Sterling Launches Luxury Vacation Package 'Sterling Vanvasa' Near Lansdowne
Thomas Cook (India) Ltd., through its subsidiary Sterling Holiday Resorts, has introduced 'Sterling Vanvasa', a premium vacation package near Lansdowne, Uttarakhand. This strategic move aims to cater to the growing demand for exclusive and offbeat luxury travel experiences. The package offers upscale retreats in a serene environment, featuring panoramic Himalayan views and pine forests. This initiative is part of Thomas Cook's strategy to diversify its portfolio, targeting high-end travelers, nature enthusiasts, and those seeking luxurious getaways in tranquil settings.
18Jun 25
Thomas Cook (India) Expands Global Footprint with New Entity in Cyprus
Thomas Cook (India) Limited has established a new entity called Travel Circle International in Cyprus, marking a strategic move towards international expansion. This development potentially opens up access to the European travel market, diversifies the company's geographical footprint, and may lead to enhanced service offerings for both Indian and international customers. The move aligns with Thomas Cook (India)'s broader strategy of expanding its international operations and positions the company for potential growth in the global travel industry.
16May 25
Thomas Cook India Expands European Footprint with New Cyprus Office
Thomas Cook India has established its first European Union office in Nicosia, Cyprus, marking a significant step in its international expansion. The new office will initially focus on providing business travel services to multinational corporations and India-based companies with European operations. This strategic move allows Thomas Cook India to access competitive EU pricing and inventory, enhancing its service offerings for corporate clients. The expansion into Cyprus, an EU member state, provides a gateway to the broader European market and demonstrates the company's commitment to growing its global presence in the travel industry.
13May 25
Thomas Cook India Reports 13.5% Surge in Q4 Profit, Reappoints CEO
Thomas Cook India's Q4 FY24 results show strong growth with net profit rising 13.5% to Rs 66.00 crore and total income increasing to Rs 2,022.00 crore. Revenue grew by 7.33% to Rs 2,083.10 crore year-over-year. For the full fiscal year 2023-24, annual revenue reached Rs 7,435.70 crore, up 45.48% from the previous year, while net profit soared to Rs 271.10 crore from Rs 10.40 crore in FY23. The board has reappointed Mahesh Iyer as Managing Director and CEO. Despite positive growth, EBITDA decreased by 18.33% to Rs 134.10 crore in Q4.
12May 25
Thomas Cook India: Q4 Profit Rises 14% on Strong Travel and Forex Growth
Thomas Cook (India) reported impressive Q4 FY25 results, with revenue reaching ₹197.00 crore, up 18.7% year-over-year. Consolidated net profit rose to ₹66.00 crore, a 13.8% increase. The Travel Services segment saw 29% EBIT growth for FY25, while Forex operations grew by 21%. The board recommended a dividend of ₹0.45 per share for FY25.
28Apr 25
Thomas Cook India Expands Footprint with First Outlet in Siliguri
Thomas Cook India has opened its first outlet in Siliguri, West Bengal, expanding its network to 10 locations in the state. The new outlet aims to serve the North Bengal and Sikkim markets, offering comprehensive travel services including international and domestic holidays, travel insurance, and an AI-powered booking platform. The company has observed increased holiday durations and rising interest in pilgrimage tourism among local travelers. Thomas Cook is also offering tailored Bengali group tours to cater to the local market.
27Mar 25
Thomas Cook India and SOTC Travel Forge Strategic Alliance with Tourism New Zealand
Thomas Cook India and its subsidiary SOTC Travel have partnered with Tourism New Zealand to boost winter tourism. The alliance aims to increase tourist visits to New Zealand during its winter season, offering attractions like skiing, hot springs, and cultural experiences. This strategic move could open new revenue streams for Thomas Cook India and strengthen its position in the international travel market.
25Mar 25
Thomas Cook India Expands Forex Services with New Store in Pune's Balewadi
Thomas Cook (India) Limited has opened a new foreign exchange retail store in Balewadi, Pune, expanding its network to four locations in the city. This strategic move aims to tap into Pune's growing market demand and improve accessibility. The new store offers a range of forex services including prepaid travel cards, cash in global currencies, and remittances to over 120 countries. This expansion is part of Thomas Cook's aggressive growth strategy, with five new branches opened across India in the last six months. The company now has 17 outlets in Maharashtra, serving metro cities and Tier 2-3 locations.
20Mar 25
Thomas Cook India and SOTC Launch Innovative Minecraft Adventure with Tourism New Zealand
Thomas Cook India and SOTC Travel have collaborated with Tourism New Zealand to launch an innovative marketing campaign that combines Minecraft gaming with real-world travel experiences. The initiative includes a Minecraft DLC featuring virtual New Zealand destinations and corresponding travel packages for real-life adventures. The campaign aims to attract young Indian travelers by showcasing New Zealand's diverse locations, cultural experiences, and adventure activities through both virtual exploration and curated travel itineraries.
21Feb 25
Thomas Cook India Unveils 'Dhruv': India's First AI-Powered Travel Advisor
Thomas Cook (India) Limited has partnered with SOTC Travel, Fairfax Digital Services, LTIMindtree, and Voicing.ai to launch 'Dhruv', India's first multimodal, multi-lingual, AI-powered travel advisor. Dhruv supports over 20 languages, operates 24/7, and is expected to reduce response times by up to 60%. This innovation comes as India's business travel sector is projected to grow to $20 billion by 2030. The AI advisor can handle complex tasks and is designed to enhance customer experience and operational efficiency in the travel industry.
20Feb 25
Thomas Cook India Unveils 'Dhruv': A Revolutionary AI-Powered Travel Advisor
Thomas Cook (India) Limited has announced the development of 'Dhruv', India's first multimodal, multi-lingual, agentic voice-enabled, GenAI advisor for the travel industry. This collaborative project involves Thomas Cook (India), SOTC Travel, Fairfax Digital Services, LTIMindtree, and Voicing.AI. Dhruv supports over 20 languages, offers 24/7 assistance, and can be integrated across various communication channels. The AI advisor aims to transform the business travel experience, addressing the sector's projected growth to $20 billion by 2030 in India.
20Feb 25
Thomas Cook India Shares Surge on Strategic South Korea Tourism Partnership
Thomas Cook (India) Ltd.'s stock rose nearly 5% following SOTC Travel's 24-month partnership with Korea Tourism Organization. The collaboration aims to boost Indian tourism to South Korea through knowledge exchange, tailored travel products, and focus on leisure, business, and MICE segments. The partnership will showcase South Korea's cultural experiences, cuisine, and wellness opportunities to Indian travelers.
19Feb 25
Thomas Cook India and SOTC Ink Strategic Partnership with Korea Tourism Organization
Thomas Cook India and SOTC Travel have entered a 24-month partnership with the Korea Tourism Organization to increase Korea's visibility in the Indian market. The collaboration focuses on leisure, business, and MICE segments, aiming to develop unique travel products and drive year-round awareness of Korea as a destination. The partnership highlights Korea's cultural experiences, culinary delights, and wellness tourism offerings to appeal to Indian travelers from both metro and regional markets.