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:

Royal Orchid Hotels Ltd to consider second quarter results on Nov 2, 2017
Amarjothi Spinning Mills Ltd to announce Q2 results on Oct 30, 2017
Ramco Systems sets up subsidiary in Indonesia
NIIT strengthens Global Retail Business arm to drive Digital Transformation
Karnataka Bank launches its revamped corporate website
BMB Investment Bank, Bahrain selects TCS BaNCS for Treasury to drive innovation and enhance customer experience
Subex User Conference 2017 set to tackle the operational challenges of Digitalisation
TCS Recognized as a Leader in Life Sciences Social Media Analytics by IDC MarketScape
Banks catch up with Amazon and Netflix as iGTB's CBX 18 launches the contextual revolution
Zydus receives final approval from the USFDA for Allopurinol Tablets USP
TCS Launches 'Connected Clinical Trials' Platform on its Advanced Drug Development Suite
Persistent Systems amongst the leading players in 'Zinnov Zones 2017 - Digital Services' Report
Zydus receives final approval from the USFDA for Desvenlafaxine Extended-Release Tablets
CARE assigns ratings to commercial paper programme of Surya Roshni Ltd
Shiva Cement Ltd calls for Board Meeting on Oct 27, 2017
Weizmann Forex Ltd to consider quarterly results on Oct 31, 2017
Capital First Ltd to announce Q2 results on Oct 31, 2017
Shriram City Union Finance Ltd to consider second quarter results on Nov 2, 2017
INOX Leisure Ltd commences operations of Video Cinema at Atrial Mall, Worli
Reliance Home Finance Ltd to approve Q2 results on Oct 30, 2017
K P R Mill Ltd calls for Board Meeting on Oct 30, 2017
Ultramarine & Pigments Ltd to consider 2nd quarter results on Nov 11, 2017
VA Tech Wabag Ltd calls for Board Meeting on Nov 8, 2017
Beardsell Ltd appoints Mrs. Vijayalakshmi Ravindranath as Independent Director
GMR Hyderabad International Airport to allot $350 Mn of 4.25% senior secured fixed rate notes
Apollo Hospitals Enterprise Ltd to announce Q2 results on Nov 13, 2017
Frontline Securities Ltd appoints CFO
Megri Soft Ltd calls for Board Meeting On October 28, 2017
Ind Bank Housing Ltd announces resignation of company secretary
Jammu & Kashmir Bank to consider 2nd quarter results on Oct 27, 2017
VXL Instruments Ltd calls for Board Meeting on Oct 31, 2017
Redington India Ltd calls for Board Meeting on Oct 31, 2017
IP Rings Ltd calls for Board Meeting on Nov 8, 2017
ESAB India Ltd to announce second quarter results on Nov 9, 2017
Sundaram Brake Linings Ltd calls for Board Meeting on Nov 9, 2017
Archana Software Ltd to announce quarterly results on Oct 30, 2017
TTK Healthcare Ltd to approve 2nd quarter results on Nov 8, 2017
OnMobile Global Ltd calls for Board Meeting On October 30, 2017
Britannia Industries Ltd to consider Q2 results on Nov 12, 2017
InterGlobe Aviation Ltd updates on investments in mutual funds
Gyan Developers & Builders Ltd calls for Board Meeting on Oct 25, 2017
Divi's Laboratories Ltd calls for Board Meeting on Oct 31, 2017
Andhra Bank to approve Q2 results on Nov 2, 2017
Srestha Finvest Ltd calls for Board Meeting on Nov 10, 2017
Loyal Textile Mills Ltd appoints Ms.Vishala Ramswami as CEO
Tanla Solutions to announce 2nd quarter results on Oct 31, 2017
Automobile Corporation of Goa Ltd to consider Q2 results on Oct 30, 2017
Dhanlaxmi Bank Ltd to consider Q2 results on Nov 13, 2017
Page Industries Ltd fixes Nov 17, 2017 as record date for interim dividend
ONGC fixes Nov 6, 2017 as record date for first interim dividend


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

disclaimer copyright © 2005 - 2017