Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Thomas Cook India and The Taj Group launch Whitepaper - Convergence of Travel & Technology 2012

Posted On: 2012-06-22 10:07:31

Thomas Cook (India) Ltd (TCIL), India's largest integrated travel and travel related financial services company, released an industry whitepaper titled 'Corporate Travel: Convergence of Travel and Technology 2012'. The Thomas Cook India Whitepaper showcases global developments and trends in the travel technology front with its impact to the travel purchase cycle and the travel ecosystem, while drawing parallels to the India context. The Whitepaper was released by the Chief Guest, Mr Sam Pitroda, innovator, entrepreneur, policy maker and advisor to the Government of India, and widely considered to have been responsible for India's communications revolution. Unlike industry specific papers (hotel focused or airline specific), the Thomas Cook India Whitepaper offers a holistic view of the impact and relevance of technology across the travel eco system while focusing on the traveller as the consumer. The survey conducted by Thomas Cook (India) covered travellers at major airports countrywide, with further inputs from leading airlines, hotels and GDS in India.

To discuss this in greater detail, Thomas Cook initiated a round table panel discussion in Delhi, Bangalore and Mumbai. Veterans from the corporate space like Mr. Rakshit Desai - Executive Director, Thomas Cook, Mr. Puneet Mahindroo- Corporate Director of Revenue Management and Global Distribution, Taj Hotels Resorts and Palaces, Mr. Bill Lawler - Vice President, Global Customers IT Solutions, Amadeus Asia Pacific, Mr. Christopher Fordyce -Regional Commercial Manager South Asia, British Airways, Mr. Shankaran Shekhar - Head of Travel, Wipro and Mr. Navin Jain - Vice President, Mastercard were panelists at these discussions.

Commenting on the whitepaper, Mr. Madhavan Menon, Managing Director, Thomas Cook (India) Ltd said, "Technology is continuously redefining the way we plan, experience travel and share that experience with others. As the power of computing shifts from the desktop to handheld devices, travellers will increasingly adopt apps, social media and travel tools to plan their travel. Thomas Cook India and the Taj Group are delighted to partner with Amadeus, British Airways, Mastercard and Expense Anywhere to present this study providing meaningful insights to the industry on the convergence of Travel and Technology"

Key Take-Aways of the White Paper

- The travel ecosystem in India is still evolving; the current focus is not on technology innovation but on adoption and adaption. The Travel Purchase cycle is undergoing rapid transformation, with shrinking devices, innovation in supplier distribution, the increasing pull and information expectations of new age travellers and the powerful influence of social media. Industry regulatory bodies like IATA, AERA and DGCA will require a paradigm shift in the approach to regulatory frameworks.

- It is information that will increasingly influence travel inspiration, with diverse information being essential to make a single decision. The Thomas Cook India CTT Survey 2012 indicates that while 91% of the surveyed respondents find information online, 65% visit more than 3 sites to make a travel purchase, with 51% unable to get information online to make an informed decision. While products are evolving in the online space, consumer demand for information is fast out pacing the developments.

- Having evolved over time, from the residential address, to the e-mail address, a customer's identity today is largely associated with his mobile number. Over 52% of the respondents confirmed the use of mobile for searching travel related products.

- Sentiment plays a major role in influencing the Indian traveller. Social Media and online communities will gain prime importance- right from being inspired to travel, seeking information, to the buy stage of the Travel Purchase Cycle. 1/3 respondents confirmed their presence on social media.

- Shrinking of devices from desktop to handheld will strongly dictate future corporate IT policy on connectivity and use of gadgets; and will be employee driven. Productivity quotient will be measured against the expectations of the corporation and that of the traveller.

- Growth in usage of travel apps indicate the upcoming tectonic shift in travel distribution from supplier models of listing and aggregating to the consumer model of customisation of content with a focus on enhancing consumer experience via superior technology.

- Travel apps will have to evolve from stand alone models to collaborative ones to meet increasing traveller expectations. While 81% of our respondents are aware of dynamic packaging, only 19% have used it.

- The blending of office communication networks with personal gadgets and home based communication in a highly secure environment for data protection are trends for the future.

About the Methodology for the whitepaper

The Methodology adopted for the Whitepaper was through a multi-faceted approach

1. Social media knowledge mining - We used virtual social world to Connect and Collect Information. This data mining across virtual network was a unique experiment since most of the experts / domain consultants were connected to us over the social wire through LinkedIn and Discussion forums

2. Study Questionnaire - Our questionnaire design covering the various aspects of the travel technology and reached out to the frequent travellers.

3. Technology experts -We reached out to the experts involved in the development and deployment of technology from various industries as airlines, hotels, online portals, IT platform providers, Mobile service providers etc.

4. Partner Inputs - We further reached out to our partners to understand their outlook on the future and their inputs and validation on the contents.

5. Secondary sources - A broad set of sources were referred in the exploratory as well as the content building phase. This included various industry reports, reports from travel technology players, news articles, journals, publications.

The Thomas Cook (India) Ltd stock was trading at Rs.63.70, up by Rs.0.05 or 0.08%. The stock hit an intraday high of Rs.63.80 and low of Rs.63.50.

The total traded quantity was 0.78 lakhs compared to 2 week average of 1.18 lakhs.


Source: Equity Bulls

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





Other Headlines:

Hexaware Technologies Ltd Fixes Book Closure for 24th AGM
Bharat Electronics Ltd Fixes March 30, 2017 as Record Date for Second Interim Dividend
Muthoot Finance Ltd Fixes March 31, 2017 as Record Date for Interim Dividend
High Energy Batteries India Ltd approves reappointment of MD
HPL Electric & Power Ltd announces resignation of Chief Financial Officer
NLC India Limited updates on buyback
Gruh Finance Ltd calls for Board Meeting to consider Audited Financial Results for 2016-17
Nagreeka Exports Ltd announces resumption of work in Kolhapur Yarn Dying and Cotton Bleaching Division
APL Apollo Tubes Limited calls for Finance Committee Meeting On 29.03.2017
Optiemus Infracom Ltd to acquire MPS Telecom Private Limited
Garware Polyester Ltd announces resignation of CFO
PC Products India Ltd updates on collaborative agreement with Krisani Bio Sciences
Brickwork Ratings India assigns credit ratings to G S Auto International Ltd
Mukat Pipes Ltd calls for Board Meeting on March 30, 2017
MillerCoors, LLC files lawsuit against HCL Technologies Ltd and HCL America Inc.
Urja Global limited receives approval for NSE listing
Solar Industries India Ltd announces issue of Commercial Paper
Bajaj Corp Ltd receives CFO of the year Award
GVK Power & Infrastructure Limited completes sale of 33% stake in Bangalore Airport
Thyrocare Technologies Ltd reappoints Dr. A Velumani as MD & CEO
PTC India appoints independent director
HDFC closes India's largest issuance of Masala Bonds - INR 3,300 crore
NELCO to sell shares of subsidiary
Virinchi awarded as 'The Best Indian IT SME for the year 2015-16' by HYSEA
Jayant Agro Organics Ltd and its subsidiary felicitated by CHEMEXCIL
CRISIL reaffirms Credit Ratings of Automotive Stampings & Assemblies Ltd
NBCC India Ltd calls for Board Meeting on March 29, 2017
Quantum Build-Tech Ltd approves OTS plant with Axis Bank
Bharat Electronics Ltd Board approves interim dividend of Rs. 0.90
Power Finance Corporation Ltd declares interim dividend of Rs. 5
Rane Engine Valve Ltd appoints CFO
HCL Infosystems Ltd accepts resignation of independent director
Dhanuka Agritech Ltd appoints additional director
ICRA reaffirms credit rating of Speciality Restaurants Ltd
Jayshree Chemicals Ltd appoints additional director
Chambal Fertilisers & Chemicals Ltd commences production of Urea from Gadepan plant
Lakshmi Vilas Bank Ltd launches LVB Vyapaar Current Account
Veeram Ornaments Ltd appoints independent director
Ramchandra Leasing & Finance Ltd appoints independent additional director
Somany Ceramics Ltd redeems Rs. 25 crores commercial paper issued on Jan 31, 2017
Span Diagnostics Ltd calls for Board Meeting on March 28, 2017
Jeevan Scientific Technology Ltd calls for Board Meeting on March 30, 2017
Vinayak Vanijya Ltd approves appointment of Mr. Shikhar Agarwal as Company Secretary & Compliance Officer
Bharat Forge Ltd updates on sale of stake in Power Equipment JV with Alstom
Pfizer Ltd clarifies on observation from US FDA for Hospira's Vizag Unit
SMS Pharmaceuticals Limited increases stake in VKT Pharma Pvt Ltd to 40.26%
Starcom Information Technology Ltd calls for Board Meeting on Friday - March 31, 2017
Reliance Capital completes transfer of commercial finance division to separate subsidiary
PPAP Automotive Limited announces receipt of Awards from its customers
Music Broadcast Ltd announces Launch of Patna Station


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

disclaimer copyright © 2005 - 2017