Thomas Cook India obtains licenses to service US travellers

The company commences operations in the US to better services business traveller travelling from US to India as well as US-bound travellers starting from India.

Thomas Cook’s US operations will offer range of services including, air tickets, hospitality and road and rail transport. It has obtained Airlines Reporting Corporation (ARC) accreditation and other operating licences through Horizon Travel Services LLC, USA.

This initiative will help the company manage travel and travel-related services for MNCs, Indian corporates, and small businesses travelling to India as well as Indian SMEs travelling to the US. The company achieved around 23 per cent YoY growth in its business travel segment in the past 3 years and US travel was 20 per cent of its portfolio.

At 15:06 hours, the stock of Thomas Cook India was quoting Rs. 204.55 per share, up by 0.25 per cent, while BSE Sensex 33,857.23, up by 210.17 points or 0.62 per cent on Tuesday.