Thomas Cook is a leading travel and forex company offering global services with a focus on innovation. Expanding into resorts and souvenir imaging solutions through acquisitions. Sales are rebounding post-Covid, with long-haul leisure travel and other segments expected to drive 17.2 percent revenue growth by FY26.
In the recent times, we can see a lot of foreign parent companies cashing out from their Indian counter-parts at higher valuations
The online travel platform is bullish on Bengaluru expecting the region to grow as a source market. It is also betting big on spiritual tourism, one of the largest travel segment in the country
While the entire India tourism market is estimated to record a a compound annual growth rate (CAGR) of 7-8 percent, spiritual tourism will grow 9-10 percent for next 5-7 years. Spiritual tourism which played a major role in the recovery of tourism in India in the post-Covid period was valued at around $56 billion in FY23, up from $44 billion in 2020.