Travel and Financial Services Ecosystem Investment Pitch
Management comments- Q2 & H1 FY19
Commenting on the results, Mr. Madhavan Menon, Group Chairman and
Managing Director, said: "The second quarter has witnessed a strong
performance across our core travel and foreign exchange businesses; our
global Destination Management acquisitions delivering well on the back of
robust trading.
Our concerted focus on working capital management and cash generation
enabled us to de-leverage our balance sheet. We have successfully prepaid
the debt in our standalone entity, thus making it debt-free.
We are also very excited about our recently announced intent to acquire a
24% stake in Ithaka (Travel Junkie), aimed at leveraging the growing appeal
from India's younger/experiential travellers and significantly improving
customer experience across channels.
We have also adopted robotics at our shared services centre with the intent
of driving process improvements and overall efficiencies.
Our forward booking position is up by 20% and this augurs well for the
upcoming winter season."
omas Travel Sn
Cook thomas
mas Travel Sm
Cook thomas
Thomas Tra
Cook tho
Thomas Trav
Cook thor
thomascook.in
28
Thomas Travel Smooch
Cook thomascook InView entire presentation