Thomas Cook (India) in spotlight due to inorganic development

Sterling Holiday Resorts, a subsidiary of Thomas Cook (India) acquired Nature Trails Resorts, an adventure holiday company that operates resorts at five unique destinations in Maharashtra.

Now, Nature Trails Resorts is a 100 per cent subsidiary of Sterling Holidays Resorts headquartered in Chennai and offers travelers a unique adventure proposition attracting short getaways for nature and adventure lovers, campers and students.

The acquisition would strengthen Thomas Cook‘s adventure tourism product offerings. This would also diversify their ability to offer various and immersive holiday experiences. Nature Trails currently has resorts at Durshet, Sajan, Kundalika, Dabhosa, and Koyna, all at drivable distances from Mumbai, Pune and Southern Gujarat. Nature Trails’ Resorts are spread over 53 acres.

During first week of March, Thomas Cook has signed an agreement with Western Union Business Solutions and DCB Bank to assist international trade payments by small-and medium-sized enterprises.

On financial front, Thomas Cook’s revenue increased by 40.51 per cent to Rs 1044 crore in Q3FY16 as compared to same period in previous fiscal year. However, the company’s EBITDA reduced by 5.12 per cent to Rs 44.43 crore in Q3FY16 on a yearly basis. It reported net loss of Rs 13.54 crore in Q3FY16, while net profit of Rs 18.17 crore in Q3FY15.

The share price of  Thomas Cook increased by just 0.60 per cent on bourses in early trades; and is trading at Rs 180.45 on an intraday basis.

Thomas Cook is an integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE (meetings,incentives,conferencing,exhibitions), Leisure Travel, Insurance, Visa and Passport services and E-Business. The company’s footprint currently extends to over 235 locations including 15 airport counters in 99 cities across India, Mauritius and Sri Lanka. It is also supported by a strong partner network of 114 Gold Circle Partners and 165 Preferred Sales Agents in over 136 cities across India. Thomas Cook offers holidays in India, international holidays and cruise packages.