Thomas Cook India acquires Luxe Asia

Thomas Cook India has sealed the acquisition of Luxe Asia, a destination management company based in Sri Lanka.

The deal, which was conducted through the company’s subsidiary, Thomas Cook Lanka, gives Thomas Cook a significant presence in Sri Lanka and the Indian Ocean region. Luxe Asia will continue to be operated as an independent entity.

“Our acquisition of Luxe Asia reiterates delivery of our strategic intent of establishing a global destination management presence. Luxe Asia will continue to focus on its core domain of inbound tourism across key global source markets,” said Madhavan Menon, managing director of Thomas Cook India.

“Luxe Asia is a great fit to our portfolio and we aim to draw on the strong synergies with our outbound, inbound and MICE businesses at Thomas Cook India.”

Based in Sri Lanka, Luxe Asia is focused primarily on inbound tourism. It is also part owner of the Sri Lankan unit of Khiri Travel, the Southeast Asia-based luxury DMC.

Financial details of the acquisition have not been reported.

sourced:traveldailymedia.com