Thursday, April 12, 2018

Thomas Cook India Opens two new outlets at Madurai Airport

Thomas Cook (India) Ltd., India's leading integrated travel and travel related financial services company, has identified the state of Tamil Nadu as a significant growth market for its Foreign Exchange business and to leverage this opportunity, has opened two new counters at Madurai International Airport. The outlets were inaugurated by Mr. V. V. Rao - Airport Director, in the presence of Mr. C. Vinoth Kumar, General Manager and Mr. Sajimon Joseph, Senior Manager of Thomas Cook India's Foreign Exchange business.

Industry data highlights that Madurai Airport has witnessed strong growth in passenger numbers - from 1 Million in 2016-2017 to 1.5 Million passengers in 2017-2018. Internal research at Thomas Cook India has also reiterated the Madurai potential with a 12% YOY growth, hence the selection of Madurai airport for the company's two new Foreign Exchange outlets.

Madurai holds a 3 pronged significance: From a tourism perspective, with its numerous historical monuments; as a key industrial centre, home to various automobile, rubber, chemical and granite manufacturing industries and its prime position as an educational hub. Madurai Airport hence forms a vital gateway for inbound tourism and equally for the significant and growing outbound segment from both Madurai and surrounding source markets of Tamil Nadu State.
12/04/18 Equity Bulls