Thomas Cook India launches a pioneering “Holiday Savings Account”

 

Save, Earn, and Travel- all at the same time!

Mumbai, December 16, 2014: Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, in a pioneering initiative to provide an affordable holiday solution for today’s travel hungry Middle India, has launched its innovative „Holiday Savings Account‟ in association with IndusInd Bank.

Thomas Cook India’s consumer research and analytics in partnership with Nielsen Media Research revealed that for the rapidly growing market of Middle India, while travel holds a strong aspirational opportunity, the upfront payment of such family holidays creates a significant barrier; further impacted by a reluctance to opt for a loan. Hence, in an attempt to offer a simple and attractive payment solution, Thomas Cook India’s “Holiday Savings Account” offers every Indian the affordability of a better holiday!  Thomas Cook India’s innovative Holiday Savings Account involves 3 easy steps – Save, Earn and Travel. Select your dream holiday package by opening a recurring deposit account with Thomas Cook India’s preferred Bank Partner – IndusInd Bank. The cost of the package tour is split into 13 monthly instalments of which 12 are contributed by the customer and the 13th instalment is a combination of accrued interest from the RD plus a top-up courtesy Thomas Cook India.

The attractive interest earned by customer of 9.1% p.a. for twelve months- promotes the habit of saving, as also early planning of holidays. The added consumer advantage of a top up from Thomas Cook on the 13th instalment makes the entire Holiday Savings Account even more viable for the consumer. The USP of paying for a future holiday at today’s prices, ensure consumers a powerful proposition of an inflation-proof holiday. And as a special consumer centric gesture, in case of an unforeseen problem, Thomas Cook India allows its customers an exit option post the 12 month period sans financial impact on the interest earned.

The delightful diversity of destinations, both domestic & international, adds further appeal to Thomas Cook’s Holiday Savings Account and includes maximum sightseeing, all meals at hand-picked restaurants, accommodation at quality hotels, airfare, visa, medical insurance and service tax and currently covers 12 itineraries, across Singapore, Thailand, Dubai, Malaysia, Sri Lanka as well as Himachal, Kerala, North East, Kashmir, Bhutan & Goa. Consumers are offered a three month window from account opening to give them the convenience and flexibility of selecting their dream holiday at an easy going pace.

About Thomas Cook (India) Limited:

Thomas Cook (India) Ltd has been voted as Best Tour Operator - Outbound at the CNBC AWAAZ Travel Awards 2014 & 2013 and Best Company providing Foreign Exchange at the CNBC AWAAZ Travel Awards 2014; honored as „India's Leading Tour Operator‟ for the year 2014, at the 21st Annual World Travel Awards Asia & Australasia 2014, Best Tour Operator at the Lonely Planet Travel Awards 2013, Favourite Tour Operator at the Condé Nast Traveller Readers' Travel Awards 2014, 2013, 2012 & 2011 and recognized as a “Consumer Superbrand” 2013-14 & 2012-2013. In addition, TCIL has been chosen as the Best Corporate Travel Management Company by World Travel Brands 2012. At the National Tourism Awards 2012-2013, TCIL was the recipient of 3 prestigious awards. Thomas Cook India’s Centre of Learning has received IATA accreditation as “Top 10 South Asia IATA Authorized Training Centers”, 2013 & 2012. For more information, please visit www.thomascook.in

About Fairfax Financial Holdings Limited:

Fairfax Financial Holdings Limited is a Toronto-based financial services holding company with a global presence in insurance and reinsurance and a portfolio of assets in excess of $38 billion invested worldwide. The Company, founded in 1985 by the present Chairman and Chief Executive Officer, Prem Watsa, has over the past 25 years, demonstrated a strong financial track record to achieve an annual appreciation in Book Value per Share of 24.7% annually. Fairfax has almost 20 general insurance subsidiaries and joint ventures globally, including ICICI Lombard (India).

About IKYA:

IKYA Group is a market leading business services entity with interests in Asset Management, IT Services and HR services. Headquartered in Bangalore, the Group has more than 80000 employees, operates in 27 cities in India, the North America, Middle East and South East Asia. The group has grown through a series of acquisitions in the last seven years and has INR 2,200 crores as revenue. IKYA is a subsidiary of Thomas Cook (India) Ltd. For more information visit: http://www.ikyaglobal.com

About Sterling Holiday Resorts (India) Limited:

Sterling Holiday Resorts (India) Limited, a pioneer in vacation ownership and a leading leisure hospitality company in India, was incorporated in 1986 with the vision of delivering great holiday experiences to Indian families. Sterling Holidays’ network includes 1634 rooms across 21 resorts in 18 scenic holiday destinations pan India. The company also has 15 additional sites where it plans to add new resorts in the coming years. The company also plans to add new resorts to 15 additional sites. For more information visit: www.sterlingholidays.com

 

 

For Media Enquiries please contact:

Thomas Cook (India) Limited: Suzanne Pereira +91-9820297665; suzanne.pereira@in.thomascook.com

Perfect Relations: Ritika Arora +91-9820910855; rarora@perfectrelations.com