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Travel 2010-06-17

Franchise - The Thomas Cook way

By Feature Writer
Franchise - The Thomas Cook way

Thomas Cook India, the largest integrated travel and travel-related financial services company in India having the largest network in the world, recently announced its partnership with the Indian Postal Department to further broaden its horizon. In an interview, Vishal Suri, COO, Thomas Cook (India) Limited, shares the successful voyage of the company.

Ramanjit Kaur (RK): Please shed some light on the inception of Thomas Cook?

Vishal Suri (VS): Thomas Cook Group was formed on June 19, 2007, following the merger of Thomas Cook AG and MyTravel Group plc. The new company is one of the world’s leading leisure travel groups with sales of around £9 billion (€12 billion), 19 million customers, 30,000 employees, a fleet of 97 aircraft, a network of over 3,000 owned or franchised travel stores and a number of hotels and resort properties. The company launched its Indian operations in 1881 and is celebrating its 129 years of world-class service in India. Thomas Cook (India) Ltd offers a broad spectrum of services that include foreign exchange, corporate travel, leisure travel and insurance.

RK: What are the various products and services offered by Thomas Cook (India)?

VS: Thomas Cook (India) has a gamut of product and service line. It operates in the following areas of business:

  • Leisure Travel: The leisure travel division of the company promotes domestic inbound/outbound holidays.
  • Corporate Travel Management: Thomas Cook (India) effectively manages the travel budgets of several large national and multinational companies.
  • Foreign Exchange: Thomas Cook is the largest foreign exchange company in travel-related foreign exchange. We offer currency notes, travellers’ cheques, prepaid debit cards, wire transfer SWIFT, foreign currency draft, MoneyGram Transfer Service, cash advances against international credit card and also have 24X7 Forex airport counters at all major international airports in India.
  • Credit Cards: In association with ICICI, Thomas Cook (India) Ltd provides a unique credit card that helps customers avail the benefits and discounts with Thomas Cook.

RK: Why the company entered into franchising?

VS: The Thomas Cook Gold Circle (franchisee) programme is an exclusive partnership to strengthen the presence of the company in India. It helps the company to sustain leadership position by increasing customer access points and effectively dispensing high-quality services with an integrated travel solution concept.

RK: What is the USP of Thomas Cook franchise system?

VS: The USP of Thomas Cook franchise system lies in its brand name and its business model. Our franchise model allows the franchisees to bring in the investment only, rest is taken care of by the company itself. We offer complete help to our franchisees in conducting daily operations of the franchises.

Thomas Cook (India) has received several prestigious awards such as the Golden Peacock Award for Excellence in Corporate Governance and the Pacific Asia Travel Association (PATA) Golden Award for Best Travel. Recently, the company won the Best Tour Operator for the second time in a row and the Best Forex Company at the CNBC Awaaz Travel Awards 2009.

RK: What kind of background is necessary to secure the franchise of the company?

VS: We are looking at people who have a good clout in a particular region and who share our vision and thoughts of operating our kind of business. Besides this, the franchisee must have an outlet at high street with an area of 400-600 sq.ft. The interiors and infrastructure of the outlet is done as per the guidelines of Thomas Cook and an investment from Rs 5 to 15 lakh is required to get started with our franchise. In short, people from any walk of life who may or may not be from travel industry can take up our franchise.

RK: How many Golden Circle partners does Thomas Cook have? What are the future target locations?

VS: Thomas Cook (India) Ltd presently operates in over 72 cities across almost 180 locations in the country with more than 40 Gold Circle partners (franchisees) across India. The company has overseas operations in Sri Lanka, which is a branch of Thomas Cook India and Mauritius, which is subsidiary of Thomas Cook (India).

RK: What are the company’s future expansion plans?

VS: We have plans to add around 30 more Gold Circle partners (franchisees) by 2010.

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surinder chaudhary : 08, Jun 2018 at 01:14 PM
interested in your franchise , plz send me a proposal for Jalandhar city
Franchise India : 11, Jun 2018 at 09:37 AM
Thank you for your interest. Our team will get back to you soon.
Robin : 21, Jun 2018 at 05:28 PM
I am interested in your franchisee. Pl send me T&C
Franchise India : 21, Jun 2018 at 05:40 PM
Thank you for your interest. Our team will get back to you soon.
Naman jain : 28, Jan 2019 at 10:45 AM
I am interested in taking thomas cook franchise in my area. Please contact for further details
Ankit Sharma : 29, Jan 2019 at 02:26 PM
Interested In franchise, plz share details and contact details over mail Id. Thanks
Krishang Kumar : 02, Feb 2019 at 03:20 PM
francise enquiry
santosh pandurang parte : 17, Feb 2019 at 02:39 PM
hi , I am proprietor of swami travels , having office at borivali , i from last 18 years . I am interested in having you franchise , so please can you provide details of it...
Ujwal patil : 20, Mar 2019 at 02:17 PM
Interested in Thomas Cook frachise pl send me details for bhiwandi city near thane
Narinder Kumar Verma : 24, Mar 2019 at 11:14 AM
What are financial prospects of franchisee in terms of viability and profitability. can some one start business operations from home?
Ankush Garg : 26, Mar 2019 at 09:25 AM
I am interested in your franchisee. Pl send me T&C
roshan mangwani : 26, Mar 2019 at 12:02 PM
Interested in franchise for bilaspur, chhattisgarh Please send proposal and T&C in email
Sajitha Menon : 26, Jul 2019 at 01:55 PM
We are in the process of setting-up travel tourism business for inbound and outbound
Prachi Jain : 26, Jul 2019 at 03:00 PM
hi!!!! intrested in your franchise for surat city...kindly send us the details...
ARUL SAGAYANATHAN : 30, Jul 2019 at 11:53 AM
I WOULD LIKE TO TAKE FRANCHAISE FOR THOMAS COOK PRODUCTS IN COIMBATORE
Ajay Sharma : 28, Aug 2019 at 08:41 PM
What is the process of franchise please let me know
bhushan : 12, Sep 2019 at 10:03 AM
i am intrested in taing franchise, please send me agreement documents
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