Category Archives: Incentives

Thomas Cook India unveils forex outlet in Pune

thomascook-1

Thomas Cook (India) has identified Maharashtra as a significant growth market for its foreign exchange business and to leverage this opportunity, it has opened a branch at Hinjewadi, Pune. Hinjewadi, one of the India’s largest Special Economic Zones (SEZ), is home to India’s corporate houses and MNCs, including top IT majors. Via its new outlet, the company aims at harnessing this significant yet underleveraged opportunity for its foreign exchange business. The new branch takes the total foreign exchange network for the company in Pune to six and 30 in Maharashtra. The outlet will also offer prepaid travel cards. Thomas Cook India also has a forex app. Mahesh Iyer, Chief Executive Officer, Thomas Cook (India), said, “Maharashtra has been identified as a key source market and Pune is a strong growth driver that continues to deliver over 30 per cent YoY for our Foreign Exchange business. We have hence selected the prime location of Hinjewadi for our new outlet in Pune- its viable catchment of consumers across families, young professionals and business travellers offers us significant opportunity.”  

Read More »

Next-gen cloud solution to empower Yatra’s corporate customers

Yatra-new-logo-e1484902244211-80x60

Yatra Online, Inc. and Chrome River Technologies, Inc. a global provider of expense management and supplier invoice processing software, have announced an agreement to deliver streamlined, integrated expense automation solutions for companies based out of India. Yatra will resell Chrome River EXPENSE as part of an integrated travel booking and expense management solution with Yatra’s Self Book platform. Chrome River EXPENSE will empower Yatra’s corporate customers to better enforce expense policies, provide an optimal traveller experience, and reduce wasteful spend. Commenting on the partnership, Dhruv Shringi, Co-founder and Chief Executive Officer, Yatra Online, Inc. said, “As we continue to grow in the corporate travel segment, we are teaming up with Chrome River, to further drive efficiencies in travel bookings by automating the expense management process. The depth and reach of its network and solutions is unparalleled in the industry. Our technology platforms complement each other, and together we will offer services best suited to the needs of Indian travellers to ultimately enhance their travel booking experience. We look forward to growing with Chrome River.” “India is one of the fastest-growing business travel markets, and corporate travel spending is increasing at 12 per cent per year, which is more than double that of the U.S. and almost five times the growth seen across Europe. This growth, combined with a need for many Indian companies to improve business processes in areas such as travel booking and expense management, offers an excellent opportunity for Chrome River and Yatra,” said Alan Rich, CEO and Co-founder of Chrome River. “In addition to the need for increased control and visibility into spend, companies are looking for expense reporting solutions which work across any mobile platform. With …

Read More »

TAT hosts the sixth edition of wedding symposium for Indian market

Wedding-Symposium-JPG-240x150

Thailand Tourism Authority’s (TAT) Mumbai and New Delhi offices, recently organised the sixth edition of the Indian Wedding Symposium and B2B session 2018 exclusively for the Indian market. Top eight wedding planners from South and West of India and 10 wedding planners from North and East of India were hosted in Thailand from April 23-27, 2018. The itinerary included the scenic route of Phuket-Khao Lak-Krabi-Bangkok. During the trip, the group visited numerous beautiful hotels in these destinations to evaluate their potential as ideal venues for grand Indian weddings. The trip concluded in Bangkok with a Wedding Planners’ Symposium and B2B session at Centara Grand AT Central World, which included a panel discussion between representatives of the planners, hotels, and Tourism Authority of Thailand to strengthen the existing relationship and to attract more and more Indian weddings in Thailand. The discussion was followed by a B2B session in which the planners and various suppliers met and discussed future business prospects. Santi Chudintra, Deputy Governor, Asia Market, said, “The Indian wedding planners are the most important influencers to help promote Thailand as the most preferred wedding destination after they have first-handed experience and learned what Thailand has to offer from this familiarisation trip. India is one of the key markets for us, last year we witnessed more than  300 Indian weddings in Thailand and we aim at doubling the number by the end of 2018.”

Read More »

FEEs through tourism witness growth of 17% in 2017 over 2016

FEE-GRAPH-JPG-220x165

Foreign Exchange Earnings (FEEs) during 2017 were USD 27,742 mn with a growth of 17.0 per cent over 2016, according to a latest FICCI-Yes Bank Report. This growth trend is dependent on many external factors including exchange rate and socio–political scenario, however, despite global undulations, FEEs have consistently contributed a significant share to the Tourism GDP of India. The rising flow of Foreign Tourist Arrivals (FTAs) is clearly a function of the stellar growth performance of emerging tourism trends like MICE along with spiritual travel and medical tourism. Furthermore, it goes without saying that FTAs have been able to garner considerable resources for the country and started contributing significantly to the economy. Foreign tourists tend to spend more in India than almost any other country worldwide due to its size as well as diversity of culture and geography. These are positive signs for the industry, and indicate significant potential going forward.

Read More »

Northeastern Cultural and Info Centre to come up in Delhi

Dr.-Jitendra-Singh-336x150

A Northeastern cultural and information centre, showcasing the vibrant culture of the region, will come up in Delhi soon, Union Minister Jitendra Singh has said. Singh disclosed this during a meeting on the ‘Roadmap for Implementation of Cabinet Approval of Schemes for North East Council’ in Delhi. The meeting reviewed the progress of various on-going projects in the Northeast region, an official statement said. Singh, Minister of State for Development of North Eastern Region (DoNER), said the central government has been giving priority to the Northeastern region and the cultural and information centre will be a new gift to the people of the region. It is being built on 1.32 acre land in Dwarka and will act as a cultural convention and information hub of the region in Delhi, the minister said. Singh said it will have a library-cum-reading room with material on Northeastern region, an art gallery showcasing the region, an exhibition hall, a research centre, sale outlets as well guest houses. At present, the architecture, design and planning for the project are in process. The project is expected to be completed soon at an estimated cost of Rs 50-55 crore and it will be one of its kind in the country and will be a state-of-the-art project, he said.   Source: PTI

Read More »

Three major airport infra projects for Lucknow, Chennai, Guwahati: MoCA

Jayant-Sinha-e1500618085985-220x165

The Cabinet Committee on Economic Affairs approved the investments for expansion and upgradation of integrated terminals at Chennai, Guwahati and Lucknow airports by Airport Authority of India. Airports Authority of India has been assigned for the project with a total estimate of about Rs 5,000 crores to modernise, upgrade services, build new terminal buildings or upgrade the new terminals in Chennai, Lucknow and Guwahati. Jayant Sinha, Minister of Civil Aviation, made the announcement regarding the approval of the investment by Cabinet and assured that work for it would begin at the earliest.

Read More »

SOTC Travel moves into forex business

kuoni-sotc-logo-JPG-e1488972098825-220x165

SOTC Travel has ventured into the forex business to provide travellers with a one-stop solution for their entire travel related requirement. Users can see the best rates for foreign exchange and based on customer requirement, they could either collect it from the store or have it home delivered. To bring complete transparency, SOTC showcases the exchange rates in real time and delivers the order to the customer’s doorstep. SOTC engages in the FFMC business which enables it to not only service such requirements internally but also make an entry into retail and wholesale foreign exchange business, thereby opening up another revenue stream. Vishal Suri, Managing Director, SOTC Travel, at the launch said, “The main priorities of Indians travelling abroad are secure and hassle-free travel, easy access to foreign currency and convenience of making payments. With the launch of the forex business, SOTC offers all these benefits and more. It aims to provide the ease of travel with utmost security feature to the target audience. As a company, SOTC is focusing on the  growing travel requirements of the millennial and looks forward to making a mark in this segment.”

Read More »

Plaza Premium Lounge debuts in Rome

Untitled-1

Plaza Premium Lounge along with Aeroporti di Roma have announced the official opening of its operation in Rome. Strategically located in Terminal 3 (Area E), at the Extra Schengen Departures on the Upper Level of Rome Fiumicino-Leonardo da Vinci International Airport, the contemporary lounge spanning over 1,000 square metres, is a premium facility at the new airport terminal that offers travellers a tranquil oasis to relax ahead of their flight. Plaza Premium Lounge Rome marks a new addition to its over 160 outlets around the world and is its sixth (6th) location within Europe. Offering 300 comfortable seats including the signature honeycomb seating to provide extra privacy, this lounge is open 24 hours daily and also houses six shower rooms – the first of its kind in Fiumicino Airport – with amenities for guests to refresh before their onward journey. Other facilities and services include complimentary Wi-Fi, a series of entertainment including an extensive variety of digital reading material and TV channels plus ample recharging stations for all electronic devices. Providing guests with an array of delectable food and beverage options is one of the hallmarks of Plaza Premium Lounge. Introducing live cooking stations, guests can enjoy an interactive airport dining experience where chefs prepare their orders upon request together with a sumptuous buffet of mouth-watering selections. The Bar complements the dining experience with a selection of juices, soft drinks and specialty coffees and teas. Travellers have the option of pre-booking on the website (www.plazanetwork.com) for two and five hours lounge use packages. Prices start at EUR 40 for two hours’ lounge access including shower. Song Hoi-see, Founder and Chief Executive Officer of Plaza Premium Group said, “Plaza Premium Group …

Read More »

80-key Sarovar Premiere Jaipur opens with 1800 sqft meeting space

Facade-Sarovar-Premiere-Jaipur-300x225

Sarovar Hotels & Resorts has announced the opening of Sarovar Premiere Jaipur. The upscale full-service hotel features 80 guest rooms and suites with modern interiors, stylish furnishings and spacious event and banquet space. The hotel offers venue for meetings and special events. The 1,800-square-foot meeting space can accommodate up to 200 people. Located at Lal Kothi in Tonk Road, Jaipur, the hotel is ideal for discerning corporate as well as leisure travellers. The hotel also adds ease to those travelling to the city as it is conveniently located close to the airport, railway station, Vidhan Sabha and famous tourist attractions. The hotel was launched in the presence of Ajay Bakaya, Managing Director, Sarovar Hotels and Sandeep Sharma, Executive Director, R S Sharma & Co (Delhi), Jaipur. “This new hotel is a fantastic addition to our growing portfolio in Rajasthan,” said Bakaya. “Jaipur is one of the most significant destinations in India for leisure as well as business travel and this is our fourth hotel in the city after Sarovar Portico Jaipur, Nirwana Hometel Jaipur and Park Inn Jaipur. Sarovar Premiere Jaipur’s superior features, state-of-the-art amenities, and incredible location will make it a top destination here. The Sarovar brand continues to expand its presence and we are further opening hotels in Ajmer and Jaisalmer soon

Read More »

Thomas Cook (India) restructuring to focus on four verticals

Madhavan-Menon_Chairman-MD-Thomas-Cook-I-Ltd-110x165

The Board of Thomas Cook (India) Limited (TCIL) has approved (subject to regulatory approvals) a corporate restructuring exercise aimed at streamlining its businesses into four key verticals namely: Travel (outbound, domestic, business travel & MICE), Foreign Exchange, Destination Management Services and Portfolio Investments such as Sterling Holiday Resorts Ltd. In its current structure, TCIL along with its subsidiaries and associate companies such as SOTC, TCI, TC Travel (earlier Tata Capital Travel) and Sterling Holidays are engaged in various travel and travel-related financial services, vacation ownership and resorts while Quess Corp. is engaged in human resource & business related services such as industrial asset management, integrated facility management, and technology solutions. In order to streamline the various businesses of the Group, both from operating and management perspective, the restructuring will consolidate like businesses into identified entities creating a simpler and more efficient operating structure with dedicated and focused business verticals. Speaking on the proposed restructuring, Madhavan Menon – Chairman & Managing Director of TCIL said, “This proposed restructuring with the realignment of the travel businesses of TCIL & consolidation of the  human resource services business into Quess Corp, will simplify the Group structure, enabling both TCIL & Quess to grow independently & consolidate their positions in their segments with far greater clarity of focus from an industry and growth/opportunity point of view – for investors, management and teams. He added “Post this proposed restructuring, TCIL becomes a Travel Focused company when the economy and industry are poised for rapid growth especially from an India/Asia opportunity, while Quess a proven market shaper already, charts its own growth trajectory in the high growth opportunity space of Human Capital & allied services. We believe …

Read More »