Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Thomas Cook India sees 27% surge in Valentine's Day travel demand

Posted On: 2019-02-12 11:58:14

Thomas Cook (India) Ltd., India's leading integrated travel and travel related financial services company, has witnessed a significant demand for Valentine's Day- upwards of 27%. Valentine's Day falling on a Thursday this year, has allowed travel hungry Indians to take Friday off and avail of an extended weekend (a 4 day break) to celebrate Valentine's Day by travelling with loved ones.

Thomas Cook India's data highlights that while demand for romantic destinations such as France, Switzerland, Italy, Bali, Langkawi (Malaysia), Mauritius and Maldives continues to grow, it is non-standard destinations, such as Korea, Japan, Fiji, Reunion Island, Morocco, Tunisia, Hungary, Czech Republic, Greece and South Africa that are seeing significant interest. From an India perspective, destinations like Dharmshala, Manali, Kerala, Goa, Dalhousie and Udaipur feature as favourites.

Interestingly, while Valentine's Day has been viewed as a metro phenomenon, Regional India's Tier 2 and 3 cities are displaying strong demand: metro/mini-metro cities (such as Mumbai, Delhi, Bangalore, Pune) contributing approx. 60% to Thomas Cook India's Valentine Day bookings, with 40% delivered by Tier 2 and 3 cities (Kochi, Jaipur, Madurai, Lucknow, Chandigarh). This year, Valentine's Day has seen significant uptake from India's millennial segment and DINK/SINK (Double/Single Income No Kids) couples; millennials leading with a 47% contribution to Thomas Cook India's booking pie.

Romantic experiences such as champagne brunches/candle lit dinners, sunset cruises, couple spas, etc. continue to be the flavour of the season, however it is unique, non-traditional experiences such as quadbiking, snorkelling, sailing trips, bungee jumping, zip lining/zorbing, kite boarding/wind surfing, sea-plane tours, scenic self-drives that are seeing high demand- a growth of 45% against last year. Unique culinary experiences such as vineyard tours and sampling new age wines in South Africa, cooking classes with a local chef in Malaysia or indulging in Chef Hawker Chan's Michelin-starred street food in Singapore; outdoor and adrenalin infused experiences like a self-drive in a super car through Tuscany's countryside or the ultimate experience of an FI ride around the Yas Marina Circuit, an igloo stay in Finland to witness the Northern Lights, a Vespa city sightseeing tour in Singapore, a sunset cruise or kayaking along the mangroves in Abu Dhabi, a swim with the Hawksbill sea turtles off Indonesia's Lengkuas Island and road trips including ManaliLeh, have seen strong interest.

To optimise on the upcoming Valentine's Day extended weekend, India's travellers are capitalising on visa free (visa not required) or visa-on-arrival destinations like Bali, Jordan, Thailand and Kenya and Islands like Mauritius, Maldives & Seychelles.

Solo travel is also interestingly on the increase this Valentine's Day (an increase of 20%) led primarily by the millennial segment- to celebrate their love for travel. Sizeable demand is seen from the single women's segment and this includes travel to safe destinations such as Singapore, Malaysia, Indonesia, Dubai-Abu Dhabi, Japan, Korea, Thailand, Sri Lanka, Bhutan, Shillong and Coorg - with shopping, spa-wellness, culture and culinary experiences topping their wish list.

Thomas Cook's luxury product "Indulgence" has seen strong uptake from India's HNI-UHNIs for truly spectacular experiences, like luxury tented stays at Egypt's White Desert and Oman's Wahiba Sand, or a stately chateau in Picardy, France; a romantic dining and jacuzzi experience at 3000 meters at St Moritz; an exotic Hammam in Turkey or a private hot spring bath experience at a Japanese onsen; romance South African style at the Karkloof Safari Spa set amidst KwaZulu Natal's magnificent Midlands; private night yachting in Australia; night fishing in a dhoni under the stars in the Maldives; exciting Harley Davidson biking tours in New Zealand; a unique wine-mud bath tour at the iconic Napa Valley or an unforgettable spa experience in Iceland's geothermal Blue Lagoon;

Commenting on the changing trends and emerging destinations this Valentine's Day, Mr. Rajeev Kale - President and Country Head - Leisure Travel, MICE, Thomas Cook (India) Ltd. said, "Travel for Valentine's Day is a strong and growing opportunity for us- across our outbound and domestic business lines, and we have observed a significant increase of over 27% this year."

"Noteworthy is the increasing demand for experiential, engaging travel, and to celebrate Valentine's Day, we have witnessed India's couples demanding fun, couple activities: be it self-drive holidays, wildlife trails and jungle safaris or wine and cuisine experiences, exhilarating outdoor activity like rappelling, white water rafting, ice climbing, kayaking or paragliding. We have also created unique itineraries with experiences like undersea walks in the Andamans, learning to cook Malabar cuisine in Wayanad, nature treks in the Himalayas (Kausani), tiger safaris at Corbett, trying out martial art/ Kalairipaytu at Munnar and Ayurvedic spa therapy in the Nilgiris."

Shares of THOMAS COOK (INDIA) LTD. was last trading in BSE at Rs.214 as compared to the previous close of Rs. 215.65. The total number of shares traded during the day was 7848 in over 285 trades.

The stock hit an intraday high of Rs. 214 and intraday low of 204. The net turnover during the day was Rs. 1639889.


Source: Equity Bulls

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





Other Headlines:

Ajmera Realty and Infra India Ltd awarded Developer of the Year - Residential category award

CARE reaffirms ratings of Chaman Lal Setia Exports Ltd

Hon'ble NCLAT upholds the Resolution Plan of MBL Infra

Avana's Water Conservation Solution Becomes Best CSR Idea Of The Year

Coffee Day Enterprises Ltd update On Debt Position

Mahindra inaugurates its 1st automotive assembly plant in Sri Lanka, expands global footprint

TVS Motor Singapore invests US$ 3.2 Million in Predictronics Corporation

NACL Industries Ltd reports financial results for Q1 FY20

Precision Camshafts Limited - Q1 FY2020 results

SREI Equipment Finance Ltd's NCD issue opens on Aug 16, 2019

Transform Banking with Newgen at FIBAC 2019

Hero MotoCorp surpasses milestone of 1000 women employees

Sun Pharma and China Medical System Holdings Enter into Licensing Agreement for Generic Products in Mainland China

IFIN & RCFL initiate proceedings against SKIL Infrastructure Ltd

Kridhan Infra Limited - VNC wins new orders worth INR 145 Crores

Ram Ratna Wires Ltd fixes Aug 30, 2019 as record date for dividend

Himatsingka Seide Ltd clarifies on certain media reports

Master Trust Ltd fixes Aug 27, 2019 as record date for sub-division of equity shares

Advik Laboratories Ltd Board to consider sale of manufacturing unit

CARE downgrades ratings of Walchandnagar Industries Ltd

Super Crop Safe Limited announces Financial Results for Q1FY20

Info Edge India Ltd to invest in Shopkirana

Hinduja Ventures Ltd board to consider reorganizaiton of businesses on Aug 23, 2019

Voltas launches new Brand Shop at Gajuwaka, Visakhapatnam

CRISIL downgrades ratings of DCM Ltd

Lupin receives U.S. FDA approval for Hydrocortisone Valerate Cream

Birlasoft Wins Two Oracle Excellence Awards for 2019

TCS Interactive Wins 2019 Red Dot: Best of the Best Award in Brands and Communication Design

Blue Star Ltd - Financial Highlights for Q1 FYF20

Hindustan Foods Ltd - Q1-FY20 Performance Highlights

Omaxe Ltd Consolidated PAT for Q1 FY19-20 at Rs 14.91 cr

QGO Finance Ltd board to consider NCD issue on Aug 21, 2019

Mindteck reports financial results for Q1 2019-20

Ramkrishna Forgings Ltd's resolution plan for ACIL Ltd accepted

KNR Constructions Ltd to sell stake in SPV for Rs. 95.79 crores

Panacea Biotec announces Q1 FY20 results

IOB offers Retail Loans through the online portal PSB Loans in 59 minutes.com

Travel Money with YES BANK to launch Forex Card on Visa network

Mishtann Foods reports 22.1% increase in Q1FY2020 PAT at INR 3.14 crore

India Ratings assigns 'Ind AA- / Negative' For Indian Overseas Bank Bonds

YES BANK raises Rs. 1,930 crores through Qualified Institutions Placement route

Hero MotoCorp Ltd updates on closure of production facilities

Voltas Beko launches India's first 5 Star rated Washing Machines

Titagarh Wagons Ltd consortium bags order for Pune Metro Rail project

PVR launches sub-brand PVR UTSAV in Satna

Brigade Enterprises Ltd fixes Aug 29, 2019 as record date for bonus issue

India Infoline Finance announces consolidated PAT of Rs. 181 crore

West Coast Paper Mills Limited : Q1FY20 Results

Dynacons Systems & Solutions Ltd Board approves interim dividend of Rs. 0.50

Man Industries India Limited reports Q1FY20 Financial Results







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

disclaimer copyright © 2005 - 2019