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

| More

Thomas Cook India observes 20% growth in bookings

Posted On: 2019-03-18 15:31:20

Thomas Cook (India) Ltd., India's leading integrated travel and related financial services company, has reported a strong growth in 'Festival Tourism' as the Indian traveller seeks to combine spiritual elements with unique cultural experiences. This year, the Kumbh Mela and Holi have proved to be significant drivers, with over 20% growth from the previous year. The company has also recognized that a 'smart weekend holiday' concept (taking a day off from work to extend festival holidays) is creating a distinctive boost to travel demand.

This year, Holi has reiterated the trend of Festival Tourism and this has been a boon to Thomas Cook India's domestic travel business, with demand up by over 12%. Indians are showing significant interest in the celebrations at Vrindavan's famous Banke-Bihari temple and Gulal Kund's re-enactment of Holi by local Krishaleela drama troupes in Brar; equally Mathura-Dwarka; or joining in Shantiniketan's cultural events started by Tagore.

Thomas Cook India's customer data and analytics also reveal that Festival Tourism is no longer restricted to India, with the country's new age travellers opening up to cultural experiences globally, and an increase in demand of approximately 20% for experiences including the water festival/ Songkran in Thailand, the lantern festival in Taiwan, Chinese New Year in Singapore, the Dragon Boat Festival in Hong Kong, the colourful Carnival in Rio de Janeiro, Brazil and Venice, Italy, Mardi Gras festivities in Louisiana, USA, the famed tomato festival/ La Tomatina in Spain, a colourful display of costume and culture - Dia de los Muertos in Mexico, and the Boryeong Mud Festival in Korea, amongst others.

The concept of 'smart weekend holidays' is another significant trend being witnessed this Holi weekend, with work-weary millennials taking a Friday off to create an extended weekend from Thursday to Sunday. Short haul, no-visa or easy visa regime destinations are in high demand, with an increase of over 25% to destinations like Dubai-Abu Dhabi, Singapore, Bali, Thailand, Sri Lanka; also off-roading and adventure getaways to Uttarakhand, Corbett, Kufri, Neemrana, Kolad/Dandeli in Maharashtra, Andamans, Mysore-Coorg, and more. Growth is being witnessed predominantly from millennials/the DINKs-SINKs segment and ad-hoc groups of friends and families.

Rajeev Kale, President and Country Head, Leisure Travel, MICE, Thomas Cook (India) Ltd. said, "Festival Tourism is the new trend, with India's new age travellers rediscovering their roots and joining in the celebrations of festivals like Holi in India's Vrindavan, Mathura-Dwarka; also Mardi Grass, Songkran, and several others in international locations. Extending the weekend by taking a day off from work, is giving rise to an interesting concept of 'smart weekend holidays'. Both are catalysing our travel demand this year, and clearly trends that we are looking forward to!"

Shares of THOMAS COOK (INDIA) LTD. was last trading in BSE at Rs.221.75 as compared to the previous close of Rs. 222.6. The total number of shares traded during the day was 7948 in over 213 trades.

The stock hit an intraday high of Rs. 224.1 and intraday low of 219.85. The net turnover during the day was Rs. 1766325.


Source: Equity Bulls

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





Other Headlines:

Menon Bearings Ltd Board declares Interim Dividend of Rs. 1.25

Jindal Stainless Limited clamps down on counterfeit market with a co-branding initiative

Aditya Birla Money Ltd Q1 PAT up at Rs. 3.49 crore

Rajratan Global Wire Ltd Board to consider Bonus Issue

Menon Bearings Ltd Q1 FY20 net profit slips to Rs. 4.73 crore

CARE Ratings Ltd Board to consider Q1 results & Dividend on July 31, 2019

Monsanto India Ltd board to announce quarterly results on July 24, 2019

Dhanlaxmi Bank Ltd reports net profit of Rs. 19.84 crores in Q1 FY20

Cera Sanitaryware LtdCera Sanitaryware Ltd board to consider Q1 results on Aug 1, 2019

TATA Elxsi Ltd Q1 FY20 net profit falls to Rs. 48.79 crore

L&T Construction led JV secures contract for 100 MLD Desalination Plant

LTI to Acquire Advanced Analytics Firm Lymbyc

Dilip Buildcon, Shaanxi JV emerges L1 bidder for new EPC project in Karnataka

Dilip Buildcon Ltd receives provisional completion certificate for section of NH-33 project

Brickwork revises NCD rating of Vodafone Idea Ltd

MCX's consolidated total income up by 30% to Rs. 110.84 crore in Q1 FY 2019-20

DCB Bank announces First Quarter FY 2020 Results

5paisa Capital - Income for Q1FY20 at Rs. 2,288 Lakhs

Zensar is a Gold sponsor at the ISG Automation Summit 2019, New York

Astron Paper & Board Mill Ltd updates on shut down of plant

Manaksia Ltd appoints Mr. Bharat Begwani as CFO

NTT Com-Netmagic Partners with Tata Power to Build 50 MW Solar Power Project

Agro Tech Foods Ltd reports Q1FY20 PAT of Rs. 7.02 crore

B C Power Controls Ltd Q1 net profit at Rs. 0.86 crore

Jay Bharat Maruti Ltd consolidated Q1 net profit slides to Rs. 7.84 crore

DCB Bank Ltd Q1 FY20 PAT at Rs. 81.06 crores

5paisa Capital Limited's rights issue to open for subscription on July 23, 2019

NMDC terminates BHEL contract

5paisa Capital Ltd reports consolidated loss of Rs. 0.52 crore in Q1

MCX Q1 FY20 consolidated PAT jumps YoY to Rs. 43.70 crores

Suzlon Energy defaults on payment of outstanding bonds

KNR Constructions Ltd receives work order for Rs. 847.34 crores

Deepak Nitrite Ltd board to approve Q1 results on Aug 2, 2019

CARE revises Commercial Paper rating of KRBL Ltd

Quartz™-powered TCS BaNCS™ Network Named Best Blockchain Breakthrough of the Year

South Indian Bank Ltd board to consider Q1 results on July 25, 2019

Vikas WSP Ltd bags order from UK for organic gluten free flour

NTPC Ltd commissions 1st unit of 660 MW of Nabinagar Super Thermal Power Project

United Bank of India reduces MCLR by 5 bps

HDFC AMC reports net profit of Rs. 2917 million in Q1FY20

Suprajit Engineering Ltd board to announce Q1 results on Aug 10, 2019

Shukra Pharmaceuticals Ltd Board approves Dividend of Rs. 0.50

Ind-Ra upgrades credit rating of Prism Johnson Ltd

Zydus Wellness Ltd board to approve 1st quarter results on July 31, 2019

Federal Bank Ltd posts consolidated net profit of Rs. 374.20 crores in Q1

TV18 Broadcast Ltd consolidated Q1 PAT at Rs. 23.17 crores

Network18 Media & Investments Ltd Q1 loss at Rs. 127.66 crores

Indian Overseas Bank board to consider quarterly results on July 23, 2019

Havells India Ltd board to announce first quarter results on July 27, 2019

TCS Recognized as a Leader in Gartner's 2019 Magic Quadrant for Data center outsourcing and Hybrid Infrastructure Managed Services, Europe







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

disclaimer copyright © 2005 - 2019