New Launch16 May 2025, 12:30 pm
Thomas Cook India Expands Global Footprint, Enters European Union with Office in Cyprus
AI Summary
Thomas Cook (India) Limited has established its presence in the European Union (EU) by setting up its first office in Cyprus (Nicosia) through its subsidiary Travel Circle International (Cyprus) Limited (TCI Euro). The company aims to leverage the strong growth potential of the Business Travel Segment. TCI Euro will offer special local pricing and inventory for air and non-air services, not available in India, to business travellers based in Europe. The move is expected to provide a multi-pronged, long-term opportunity to Thomas Cook India, opening up the Europe market for a diversity of its travel segments.
Key Highlights
- Thomas Cook India has expanded its global footprint by entering the European Union with its office in Cyprus.
- The new office, 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.
- TCI Euro will focus on the business travel needs of both its multinational clients and India-based clients with a presence in Europe.
- TCI Euro will offer special local pricing and inventory for air and non-air services, not available in India, to business travellers based in Europe.
- The move is expected to provide a multi-pronged, long-term opportunity to Thomas Cook India, opening up the Europe market for a diversity of its travel segments.