For tourism December 2022, would not be cold, says Thomas Cook

Thursday, September 15, 2022

As the world is trying hard to keep away from a recession, Thomas Cook has news that’ll make everyone happy. In terms of growth, the famous travel company has positive guidance and anticipates for a powerful bounce-back in every section in December 2022. The CFO of Thomas Cook, Mr. Brijesh Modi, told CNBC-TV18 that by the December quarter, all businesses that are yet to recuperate completely will revive to the level pf pre-pandemic times. Also, he had said that rupee depreciation is not hurting.

Modi also added that the recoveries in September quarter versus the pre-pandemic level are absolutely going to be higher than what they had experienced in June, and this will happen across all businesses. All businesses, by December quarter, who are still recovering will get better to the pandemic level.

He also stated that the March quarter will witness a greater number of tourists as compared to the pre-pandemic level.
Brijesh Modi also highlighted that rupee depreciation was not really affecting business.

Rupee has devalued to around 80 versus the dollar, however, the fact is, they are aware of the rush that they are seeing in terms of studying abroad. So, they are witnessing a growth in student fee remittance. In terms of money transfers to relatives and friends, they are seeing a growth. In corporate travel, they are also seeing a rise.

Brijesh Modi said, on festive demand, the rush has bounced back.

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