2001 Press Releases

Thomas Cook revenue up 10% for the first quarter

Thomas Cook (India) Ltd., the leading travel and financial services company, has posted its results for the first quarter of the year 2001. Revenue for the period January ö March 2001 has grown by 10% over the corresponding period last year. Revenue and costs are in line with the Companyâs expectations for the above period and reflect the following:

  1. Increased investment in marketing Leisure travel and expansion of the distribution network which will yield significant benefits in the peak traveling period between May and July.
  2. Continued Investment in building businesses in Sri Lanka and Mauritius.
  3. Successful completion of investments in back office automation through implementation of SAP, Call Centre infrastructure and telecommunication network.

Says Mr. Ashwini Kakkar, CEO & MD of Thomas Cook (India) Limited "the Company has experienced good growth in revenue in the first quarter, and as we start to see the pay back from our investments, we are confident that the Company will meet its year end targets."

Thomas Cook India has been awarded the prestigious 2001 TTG Annual Travel Award for the Best Travel Agency ö India for the third consecutive year. Voted the best in the field of travel by suppliers and industry leaders around the Asia-Pacific Region. TTG awards recognize the most outstanding individuals and organizations in the Asia-Pacific travel industry.

The Thomas Cook Group has been serving customers for nearly 160 years, globally. In India, its presence spreads across 50 locations in 16 cities. Thomas Cook India has 4 core businesses comprising Leisure Travel, Foreign Exchange, Business Travel and Card Products.