Thomas Cook’s Centre of Learning delivers strongly on
Skill Development and Employment Generation for the Travel & Tourism sector
- 18% Year on Year growth in generation of a skilled work force
- 75% of students employed leading to growth in job creation for the sector
Mumbai, September 8, 2017: India is one of the fastest growing economies in the world; The World Bank expects India’s economy to expand at 7.2 percent in FY18. However, an evident imbalance that exists is the gap between India’s growth opportunity and the lack of a skilled population/workforce. Improving these skills and the quality of human resources in our country, ensures young Indians are made job–ready and employable - a stepping stone to sustain economic growth with a cascading overall positive impact on the standard of living.
Hence, in a focussed initiative to bridge this gap Thomas Cook launched its Centre of Learning to develop a well-trained talent pool for the travel and tourism industry with a clearly articulated two pronged strategy:
1) Focus on employment generation for Young India by creating a work force that is job-ready
2) Build a skilled entry level work force and up-skill to ensure sustained expertise for the sector
To address this, a diversity of courses and certification programmes were curated by The Thomas Cook Centre of Learning and include:
- Basic and Short Term Courses
- Certificate Course in Domestic Tour Management
- Certificate Course in World Tour Management
- IATA Foundation in travel and Tourism
- Expert Level Courses
- IATA Advanced Course (IATA – Consultant in Travel and Tourism)
- Certificate Course in Travel and tourism Management for undergraduate, 6 month part time
- Post Graduate Travel Professional Programme in Travel & Tourism Management, 1 year full time
- Advanced Diploma in Travel & Tourism Management, 18 month part time
- Work and Learn Programmes (with classroom learning and an internship)
- Customized Soft Skill Training Courses for the corporate segment
At its sixth Convocation Ceremony held in Mumbai, The Thomas Cook Centre of Learning felicitated a strong contingent of 465 students who had successfully completed the Travel Professional Programme, a Post Graduate Course in Travel & Tourism Management, Certificate Course in World Tour Management and IATA Scholarship certificates. Special prizes were awarded to the top three performers of Centre of Learning’s Travel Professional Program - a Post Graduate course in Travel & Tourism Management.
Ms. Mona Cheriyan – President & Group Head - Human Resources, Thomas Cook (India) Ltd said, “The Thomas Cook Centre of Learning’s vision sees strong synergy with Prime Minister Modi’s Skill India Mission. Our focus has been on the urgent need of bridging the skill gap by training and equipping students and making them job ready, and thereby creating a strong talent pool for the Travel & Tourism sector.
I am delighted that our Centre of Learning has demonstrated a strong and sustained 18% YoY growth in graduating students, with 75% being employed by the travel and tourism sector. What is noteworthy is that this growth is powered by applicants not only from metros, but also students from Tier II centres like Chandigarh and Lucknow. We have also observed an interesting career switch to Travel & Tourism from South India markets like Bengaluru.”
About Thomas Cook (India) Limited: Thomas Cook (India) Ltd. (TCIL) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. The company set up its first office in India in 1881.
The Thomas Cook India Group spanning 21 countries across 4 continents, a team of over 198,500 and a combined revenue in excess of Rs. 8700 crore (over $ 1.34 billion), operates leading B2C and B2B brands including, Thomas Cook, SOTC, TCI, Sita, Asian Trails, Allied T Pro, Australian Tours Management, Desert Adventures, Travel Circle International Limited, Private Safaris East & South Africa. The Group is today one of the largest travel service provider networks headquartered in the Asia-Pacific region.
ICRA has reaffirmed the long-term rating on TCIL’s non-convertible debenture programme at ‘ICRA AA/Stable’ and on the preference share programme at ‘ICRA AA–/ Stable’. CRISIL has reaffirmed the long term rating of ‘CRISIL AA–/ Stable’ on TCIL’s non-convertible debenture programme and long-term banking facilities, and the short-term rating of ‘CRISIL A1+’ on the banking facilities.
Thomas Cook (India) Ltd has been felicitated with The French Ambassador's Diamond Award for Exemplary Achievements in Visa Issuance 2015 & 2016; Condé Nast Traveller Readers' Travel Awards 2016 to 2011. Thomas Cook India’s Travel Quest was honoured at PATA Gold Awards 2015 and Thomas Cook India’s Centre of Learning has received IATA accreditation as Top 10 South Asia IATA Authorized Training Centers 2016, 2015, 2013 & 2012. For more information, please visit www.thomascook.in
Thomas Cook (India) Limited is promoted by Fairfax Financial Holdings Limited through its wholly-owned subsidiary, Fairbridge Capital (Mauritius) Limited and its controlled affiliates which holds 67.65%. Fairbridge is responsible for the execution of acquisition and investment opportunities in the Indian subcontinent on behalf of the Fairfax family of companies.
About Fairfax Financial Holdings Limited: Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. The company was founded in 1985 by the present Chairman and Chief Executive Officer, Prem Watsa. The company has been under present management since 1985 and is headquartered in Toronto, Canada. Its common shares are listed on the Toronto Stock Exchange under the symbol FFH and in U.S. dollars under the symbol FFH.U.
The company, through Thomas Cook (India) Ltd., owns 57.24% of Quess Corp Limited (formerly IKYA Human Capital Solutions Limited), a provider of integrated business services, and 100% of Sterling Holiday Resorts Limited (formerly Thomas Cook Insurance Services (India) Limited), a company engaged in time share and resort business.
About Quess Corp Limited: Quess Corp Limited (BSE: 539978, NSE: QUESS), established in 2007, is India’s leading integrated business services provider. Based out of Bengaluru, Quess has a pan-India presence with 65 offices across 34 cities along with overseas footprint in North America, the Middle East and South East Asia. It serves over 1700+ customers across 4 segments namely, Global Technology Solutions, People & Services, Integrated Facility Management and Industrials. In FY17, Quess generated revenues of INR 4,157 Crores and has over 189,000 employees (including Terrier Security Services & Manipal Integrated Services). Quess has a Market Capital of over INR 10,000 Crores as on April 30, 2017. For more information, please visit www.quesscorp.com
About Sterling Holiday Resorts Limited: Sterling Holiday Resorts Limited, a leading holiday lifestyle company in India, was incorporated in 1986 with the vision of delivering great holiday experiences to Indian families. To achieve this vision, the company pioneered Vacation Ownership in India and set about building a network of leisure resorts at some of the best holiday destinations in India. Currently, Sterling Holidays has an inventory of 2124 rooms across 32 resorts.
In March 2016, Sterling Holidays acquired ‘Nature Trails Resorts Private Limited’ - an adventure holiday company that operates resorts at four unique destinations in Maharashtra. For more information, please visit www.sterlingholidays.com
About SOTC Travel Limited: SOTC Travel Limited (formerly known as SOTC Travel Private Limited) is a step-down subsidiary of Fairfax Financial Holdings Group; held through its Indian listed subsidiary, Thomas Cook (India) Limited (TCIL). SOTC is a leading travel and tourism company active across various travel segments including Leisure Travel, Incentive Travel and Business Travel.
TCIL through its Subsidiary holds100% stake in Travel Circle International Limited, which has an attractive business in the travel sector backed by a trusted brand name, and a stable and motivated professional management team. The company is a premium outbound travel operator in Hong Kong.