Thomas Cook India limited (TCIL), one of the leading travel & financial services providers in the region chose TravPax system to power its reservation of hotels, flights and packages from the offline franchise via call centres to the online booking websites.
Singapore January 4 2016
TravPax Solutions (Singapore) today announced that they have signed an agreement with Thomas Cook India to implement TravPax 5 Solution - across Thomas Cook India's extensive omni channel distribution of call centres and franchises, pan India.

TravPax will support Thomas Cook India's optimization strategy to centralize and manage reservations of hotels, flights and packages from its offline franchise outlets, via its call centres, to the online booking websites. The TravPax platform that has connections to dozens of worldwide wholesalers, GDS airlines, low cost carriers and others will allow Thomas Cook India to specifically scan the best available rates and offer it to its clients and own subsidiaries as a standalone product or via dynamic packaging.
 
Commenting on the partnership,Mr. Amit Madhan, Chief Operating Officer - IT & E Services said, "At Thomas Cook India, technology is at the forefront of our strategy and given today's rapidly growing base of digital native Indian consumers, offering immediate options and value driven rates for travel bookings is vital. Our partnership with TravPax will empower our offline franchise and call centre teams with immediate access to best rates and inventory across a range of services including flights, hotels and holiday packages, thus delighting our customers".

 


 


 


 

Laurent Maytal, TravPax Solutions CEO commented that "the travel world is changing fast and access to the most up-to-date information on how to get you the best value becomes a major challenge. Value is king. However, that does not mean the cheapest cost always wins; Travellers are seeking quality products at an affordable price and this is exactly what Thomas cook will achieve".
 
TravPax was chosen by Thomas Cook after carefully  evaluating different systems in the market. It will be implemented first in Thomas Cook India but with the rights to be used by other brands of the firm. Besides the reservation and operation activities, TravPax will control the financial transactions with full interface to TCIL corporate 3rd party platforms in the back.
About Thomas Cook India:
Thomas Cook (India) Ltd (TCIL) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. The company set up its first office in India in 1881.
 
TCIL's footprint (exclusive of its subsidiaries) currently extends to over 233 locations (including 23 airport counters) in 92 cities across India, Mauritius & Sri Lanka and is supported by a strong partner network of 116 Gold Circle Partners and 112 Preferred Sales Agents in over 130 cities across India.
 
ICRA has upgraded the long term rating of Thomas Cook (India) Limited's non-convertible debenture programme to 'ICRA AA/Stable'. CRISIL has assigned a long term rating of CRISIL AA-/ stable outlook to the non convertible debenture programme and long term banking facilities and short term rating of CRISIL A1+ to TCIL's banking facilities. Further, ICRA has assigned a rating of 'ICRA AA-/Stable' to the company's preference share programme.
 
Thomas Cook (India) Ltd has been voted as Favourite Outbound Tour Operator at the Outlook Traveller Awards 2015, Best Tour Operator - Outbound at the CNBC AWAAZ Travel Awards 2015, 2014 & 2013 and Best Company providing Foreign Exchange at the CNBC AWAAZ Travel Awards 2015 & 2014; felicitated with Diamond Award for Exemplary Achievements in Visa Issuance at the French Ambassador's Travel Awards Ceremony 2015; Thomas Cook India's Travel Quest was honoured with a Gold Award at PATA Gold Awards 2015; honored as India's Leading Tour Operator 2014, World Travel Awards Asia & Australasia 2014,  Favourite Tour Operator at the Condé Nast Traveller Readers' Travel Awards 2015 - 2011 ,recognized as a Consumer Superbrand 2013-14 & 2012-2013 and National Tourism Awards 2013-2014. Thomas Cook India's Centre of Learning has received IATA accreditation as "Top 10 South Asia IATA Authorized Training Centers"2015, 2013 & 2012. For more information, please visit www.thomascook.in
 
Thomas Cook (India) Limited is promoted by Fairfax Financial Holdings Limited through its wholly-owned subsidiary, Fairbridge Capital (Mauritius) Limited and its controlled affiliates. Fairbridge is responsible for the execution of acquisition and investment opportunities in the Indian subcontinent on behalf of the Fairfax family of companies.
  TCIL has announced the acquisition of Kuoni Travel (India) Private Limited, a travel operator in India, and Kuoni Travel (China) Limited, a premium travel operator in Hong Kong
 
About TravPax Solutions
The TravPax system is industry wide recognized as the most technologically advanced, low cost yet high yield Travel Management solution available. It is cloud based and already working with some of the biggest Travel Agents and Tour Operators in Asia as well as GDS & Airline operators. TravPax fully covers every business aspect in the travel industry. With a powerful FIT & Group Reservation System, Operation Management System, Accounting Modules for AR/AP along with Product Management Modules for Hotels, Flights, Tours, Transfers, Sightseeing, Car Rentals in single and multi, dynamic packages.
 
About Fairfax Financial Holdings Limited:
Fairfax Financial Holdings Limited is a financial services holding company based in Canada with a global presence in insurance and reinsurance, as well as joint ventures including ICICI Lombard (India).  The Company, founded in 1985 by the present Chairman and Chief Executive Officer, Prem Watsa, has over the past 30 years, demonstrated a strong and consistent financial track record.  For the year ended December 31, 2014, Fairfax increased book value per share at a compounded annual growth rate of 21.1% since its inception with a corresponding compounded annual increase in share price 19.8% and had over US $36 billion of assets.
  Fairfax is engaged in long term investments from its own resources, with a focus to delivering long term capital appreciation through a flexible and value oriented approach. Fairfax Financial Holdings through Thomas Cook (India) Ltd. owns 73.96% on a fully diluted basis of the Quess Corp Limited (formerly IKYA Human Capital Solutions Limited), a provider of specialised Human Resource related Services and 100% of Sterling Holiday Resorts Limited (formerly Thomas Cook Insurance Services (India) Limited) engaged in time share and resort business.
 
About Quess Corp Limited (formerly IKYA Human Capital Solutions Limited)
 Q uess Corp Ltd., India's leading business services provider established in 2007. Headquartered in Bengaluru, the company has over 1,10,000 employees, serves over 1500 customers across 8 countries in more than 8000 locations. It has presence across 5 verticals namely, Global Technology Solutions, Industrial Asset Management, Integrated Facilities Management, People Services & Logistics and Growth Businesses Group.With revenues of about USD 400 million, Quess Corp Ltd. is a step-down subsidiary of USD 37+ billion (as of 30th Sept 2014) multinational, Fairfax Financial Holdings Group; held through its Indian listed subsidiary, Thomas Cook India Limited. For further details on Quess Corp Ltd. please visit:  http://www.quesscorp.com
 
About Sterling Holiday Resorts Limited:
  Sterling Holiday Resorts Limited, a pioneer in vacation ownership and a leading leisure hospitality company in India, was incorporated in 1986 with the vision of delivering great holiday experiences to Indian families. To achieve this vision, the company pioneered Vacation Ownership in India and set about building a network of leisure resorts at some of the best holiday destinations in India. Currently, Sterling Holidays has a total inventory of 1767 rooms spread across a network of 24 resorts in 21 scenic holiday destinations in India.
  In pursuance of the Order of Hon'ble High Court, Bombay, dated 2nd July, 2015 sanctioning the Composite Scheme of Arrangement and Amalgamation between Sterling Holiday Resorts (India) Limited (SHRIL) and Thomas Cook Insurance Services (India) Limited (TCISIL) and Thomas Cook (India) Limited (TCIL) and their respective shareholders and creditors (Scheme), the time share and resort business division and undertaking of SHRIL was Demerged into TCISIL and the residual business of SHRIL was Amalgamated with TCIL.
  Post implementation of composite scheme, Sterling Holiday Resorts Limited (formerly Thomas Cook Insurance Services (India) Limited) continued the time share and resort business.
  The company also has 15 additional sites where it plans to add new resorts in the coming years. For more information visit: www.sterlingholidays.com
 
For Media Enquiries please contact
Thomas Cook (India) Limited : Suzanne Pereira - D: +91-22-66091380 ; M:  +91-9820297665 ; E: suzanne.pereira@in.thomascook.com
Perfect Relations: Ritika Arora - M:  +91-9820910855 ; E:  rarora@perfectrelations.com

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