August 2, 2018 TnH Global 1

Thomas Cook India witnesses 20% growth from Telangana

Opens new branch in Hyderabad to leverage strong growth potential

Thomas Cook (India) Ltd. opened a new branch at Jubilee Hills, Hyderabad to leverage the growing potential of Telangana State. Present at the inauguration were Romil Pant, Senior Vice President- Leisure Travel, and V. Pradeep, Associate Vice President, Foreign Exchange, Thomas Cook (India) Ltd. This expansion extends Thomas Cook India’s presence in Telangana State to 10 consumer access centres (4 owned branches and 6 Gold Circle Partner franchise outlets) across Saifabad, Begumpet, Hitech City, Gachibowli, Kukatpally, Banjara Hills, Attapur, Sainikpuri and Malakpet; with 5 additional outlets in Andhra Pradesh.

Hyderabad has transformed from the City of Nizams into a vibrant commercial hub attracting global businesses from international retail to technology giants. Thomas Cook India’s data highlights Hyderabad as a high potential market- across its Holiday and Foreign Exchange businesses. Hence in a strategic initiative to harness this strong growth opportunity, Thomas Cook India has selected the viable catchment of Jubilee Hills to setup its new branch, making it the fourth intra-city branch in Hyderabad, in addition to Saifabad, Begumpet and Hitech City.

The new outlet in Hyderabad offers consumers a range of holiday packages and financial services:

International & Domestic Holidays (Group Tours, Personalised holidays, Cruises, etc)
Foreign Exchange (Prepaid Travel Cards, International University Fee Remittances, Currency Notes, Money Transfers, Drafts & Wires
Travel Insurance and Value Added Services

Rajeev Kale, President & Country Head – Holidays, MICE, Visa & Passport Services, Thomas Cook (India) Ltd. said, “At Thomas Cook, Telangana State has been identified as a prime driver and continues to deliver strong growth of 25% YOY for our Leisure Travel business. Our new branch at Jubilee Hills, Hyderabad (a key residential, commercial and retail centre), gives our consumers convenient access to a wide range of travel and foreign exchange services.Innovative products like our Holidays and Forex apps with doorstep delivery of foreign exchange; equally our cutting edge prepaid cards (Borderless and One Currency) are of great value to Hyderabad’s tech savvy travellers and we are confident of seeing a strong uptake.”

Deepesh Varma, Senior Vice President– Sales & Relationship Management, Foreign Exchange, at Thomas Cook India said, “Given the impressive increase of 45% across our key Forex product-segments (students opting to study abroad, our innovative Borderless Multicurrency Prepaid Card and Outward Remittances), we have identified Telangana State as a strategic source market. Telangana is also a significant outward remittances market for us; our Send Money Abroad service seeing increased uptake. Our partnerships with MoneyGram, Express Money and Western Union have also enabled us to increase our market share.”

He concluded with, “Our current Study Buddy promotion, strategically timed to coincide with the peak student travel season with attractive offers including one laptop winner a day, is seeing strong demand from the Telengana market and with our new Hyderabad branch we look forward to bringing our diversity of products and services right to the doorstep of our Hyderabad customers.”