Travel and Financial Services Ecosystem Investment Pitch
Results Background - Q2FY19
Vacation ownership & resorts business
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Despite Q2 being a lean season and the impact of heavy floods in key resort locations (Thekkady, Munnar & Wayanad in Kerala and Manali & Kufri in
Himachal Pradesh), revenues for the quarter on a comparable basis stood at Rs. 584 mn. Vs Rs.554 mn. last year.
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Post impact of IND AS 115 revenue from operations for the quarter was Rs. 523 mn.
Average Room Rent (ARR) for Q2 FY 19 increased by 9% compared to Q2 FY18
Material events during the quarter
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Strengthening financial position: Thomas Cook India pre-paid the principle amount of Rs 670 Mn. for the 9.37% Non-convertible Debentures (NCDs).
Standalone entity now debt free.
Expansion into Global Markets: TCIL obtained ARC (Airlines Reporting Corporation) accreditation and necessary operating licenses via its recently acquired
Destination Management Company, Allied TPro. This will enable the commencement of its US Operations in a focused initiative to leverage the high potential
business travel segment- to & from the United States.
Acquisition: Announced acquisition of a 24% strategic stake in TravelJunkie Solutions Private Limited, a Mumbai based travel tech start-up via its wholly
owned subsidiary TC Tours Ltd. This marks Thomas Cook's first investment in the exciting travel tech space.
India Network expansion: New branches were opened in New Delhi, Hyderabad, Udupi and 2 counters at Jaipur Airport; while 11 new franchise Gold Circle
Partner outlets were opened across metros, Tier 2 & 3 locations including, Mumbai, Delhi, Hyderabad, Chennai, Kolkata, Faridabad, Pondicherry, Bilaspur,
Shimoga and Nellore
Thomas Travel Smooch
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