India’s corporates and multinational companies are expanding rapidly, and Europe has been emerging strongly on their radar. To capitalize on the large EU market potential, Thomas Cook (India) Limited, India’s leading omnichannel travel services company has established its presence in the European Union (EU) by setting up its first office in Cyprus (Nicosia). The Company – Travel Circle International (Cyprus) Limited (TCI Euro) is a subsidiary of Thomas Cook (India) Limited through its wholly owned subsidiary – Travel Circle International (Mauritius) Ltd. The company will focus on the business travel needs of both its multinational clients and India-based clients with a presence in Europe.
TCI Euro, has been strategically setup to benefit business travellers based in Europe, by offering special local pricing and inventory for air and non-air services – that are not available in India. Setting up its first EU office offers multi-pronged, long-term opportunity to Thomas Cook India, opening up the Europe market for a diversity of its travel segments – starting with business travellers.
The Cyprus office was inaugurated by Indiver Rastogi, President & Group Head, Global Business Travel, Thomas Cook (India) Ltd and Sanjay Tugnait, President & CEO – Fairfax Digital Services (A Fairfax Company) in the presence of esteemed government officials: Kostas Koumis, Deputy Minister of Tourism of Republic of Cyprus, Manish Manish, High Commissioner of India to Cyprus and business partners Karavias Fokion, Group CEO of Eurobank Greece & Srini Rao, Executive VP & Chief Business Officer – LTIMindtree Ltd
Thomas Cook India’s EU foray – Business Rationale
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EU Market Access: inroads into the EU’s extensive travel opportunity, facilitating seamless operations across member states
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Pricing Advantage: Offers access to competitive EU local pricing and inventory
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Improved Customer Experience: Local presence in Europe to enhance overall customer service
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Expansion of segments: Commencing with business travel, opportunity to leverage multiple travel sectors
Mahesh Iyer – Managing Director & Chief Executive Officer, Thomas Cook (India) Ltd said, “The inauguration of our office in Cyprus heralds our foray into the high-potential European market. Our intent is to target the rapidly expanding business travel opportunity, across our business travel clients operating with a presence in Europe. The advantages to our business travellers include special local EU-pricing and inventory, and a seamless customer experience.”
