A man walks inside the newly build terminal 2 of Chhatrapati Shivaji International Airport in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)  

Thomas Cook Says Aviation Industry’s Crisis Won’t Impact Holiday Bookings

Thomas Cook (India) Ltd. said it expects more than 22 percent annual growth during the holiday season as volatility in rupee and disruption in the aviation industry had little impact on bookings.

“We are in the peak of the holiday season and everyone has plans for holidaying. A slight movement in the rupee may cause some deviation or postponement but it won’t deter plans,” Chief Executive Officer Mahesh Iyer told BloombergQuint. “Holiday as a category is never pushed back. It’s not compromised anymore. It’s a necessity today.”

Also, the “cricket world cup fever” pushed corporate customers to make bulk bookings, he said.

Europe, Asia, South Africa and the U.S. reported a strong double-digit growth during the holiday period, Iyer said, adding Europe remained the front-runner with 25 percent growth.

Holiday Season: Performance Outlook

  • India in-bound business likely to report more than 16 percent growth in sales volume
  • More than 22 percent growth in retail foreign exchange business.
  • Retail margin to rise over 10 percent.

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