Thomas Cook India Limited 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
- EU Market Access: inroads into the EU’s extensive travel opportunity, facilitating seamless operations across member states
- Pricing Advantage: Offers access to competitive EU local pricing and inventory
- Improved Customer Experience: Local presence in Europe to enhance overall customer service
- 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.”
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