Mumbai, July 30, 2015: SHOP CJ Network Pvt. Ltd
(“Shop CJ”), Asia’s No. 1 home shopping Network has announced a marketing alliance
with Thomas Cook (India) Limited, India’s leading travel and travel related
financial services company, to showcase the Thomas Cook ‘Holiday Savings
Account’ – a pioneering and affordable holiday solution for
today’s burgeoning Middle India. Shop CJ’s wide consumer base will
enable Thomas Cook (India) Ltd access India’s rapidly emerging Middle
India travellers with its Holiday Savings Account range of 15 tour packages across
popular international destinations, including, Europe, Singapore,
Thailand, Dubai, Malaysia, Sri Lanka as well as domestic favourites like
Andaman, Himachal, Kerala, North East, Kashmir, Bhutan, The Golden
Triangle & Goa. The marketing alliance between the two is a first of its
kind in India.
Shop CJ is poised
to cross INR 1200 crore turnover this year, recording a 40% growth over its
sales of INR 850 crore achieved in the last fiscal ended Dec 31, 2014 Shop CJ’s
reach extends to more than 6.5 crore households in India and currently caters
to about 40% of the market and this marketing association with Thomas Cook
(India) Ltd. will serve to enhance Shop CJ’s product portfolio with the great
value proposition of the Thomas Cook Holiday Savings Account tour packages.
Commenting on the
marketing alliance with Thomas Cook (India) Ltd., Kenny Shin, CEO of Shop CJ
Network said, “The home-shopping
industry is growing rapidly in India and Shop CJ is expanding its market share
by entering into a new segment to create a unique shopping experience for its
consumers. Shop CJ, with a footprint of 75 million households will create great
value for its consumers with Thomas Cook India’s unique and affordable Holiday
Savings Account range of holidays. Travel is seeing impressive demand from
Indian consumers and we bring to this partnership an audience which is yet
untapped by organized players in the Travel & Tourism industry”.
Mr. Abraham
Alapatt, Chief Innovation Officer & Head – Marketing and Service Quality,
Thomas Cook (India) Ltd.
said, “Our Holiday Savings Account
is a truly innovative product that allows customers to Save, Earn and Travel!
Its unique concept allows customers to save via 12 easy installments while
earning an attractive interest (via our Bank Partners Indus Ind, ICICI and
Kotak Bank), with further benefits of a Thomas Cook top up on the 13th
month and a zero exit penalty. Indeed a significant consumer empowering tool”.
He elaborated on the marketing
association, “Our tie up with
Shop CJ gives us access to its extensive network of high potential yet under
leveraged travel hungry Middle India. Our innovative Holiday Savings
Account, is ideally suited to the informative format of Shop CJ’s electronic
and online shopping platforms, ensuring visibility-reach, as also the personal
touch of our Toll Free number for details and assisted transactions.”
Mr. Alapatt concluded by stating, “Our Thomas Cook Holiday Savings Account is
a comprehensive savings solution to guarantee every Indian the affordability of
a better holiday!”
About Shop CJ
Network Private Limited (“Shop CJ”)
SHOP CJ Network Pvt. Ltd. (Formerly Known as STAR CJ Network India Pvt.
Ltd) is a 50:50 joint venture between the South Korean home shopping major, CJ
O Shopping Co. Ltd. and Providence Equity Partners group. It operates a 24x7
home shopping channel called SHOP CJ (formerly STAR CJ alive) and a web-based
portal www.shopcj.com (formerly www.starcj.com). SHOP CJ channel is available
on major DTH and analogue & digital cable platforms. It reaches more than
65 million households in India. The channel/service was launched in 2009 and
within five and a half years of its operation added 6.5 million satisfied
shoppers. The parent company, CJ O Shopping, is the first and largest home
shopping company in South Korea. Currently, world's second-largest home
shopping network operates in 10 sites, including, Korea, China, India, Japan,
Vietnam, Thailand, Turkey and Philippines, generating $4.4 billion in sales in
2013. CJ O Shopping brings shoppertainment and trendy lifestyle products with
value to its customers. Website - http://www.shopcj.com/
About Thomas
Cook (India) Limited:
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 currently extends to over 233 locations (including 19
airport counters) in 94 cities across India, Mauritius & Sri Lanka and is
supported by a strong partner network of 115 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’ from ‘ICRA AA-/Stable’,
assigned earlier. CRISIL has assigned long term rating of CRISIL AA-/ stable
outlook to the non convertible debenture programme and banking facilities and
short term rating of CRISIL A1+ to TCIL’s banking facilities.
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
honoured with a gold award at PATA Gold Awards 2015; honored as ‘India's
Leading Tour Operator’ for the year 2014, at the 21st Annual World Travel
Awards Asia & Australasia 2014, Best Tour Operator at the Lonely Planet
Travel Awards 2013, Favourite Tour Operator at the Condé Nast Traveller
Readers' Travel Awards 2014, 2013, 2012 & 2011 and recognized as a
“Consumer Superbrand” 2013-14 & 2012-2013. In addition, TCIL has been
chosen as the Best Corporate Travel Management Company by World Travel Brands
2012. At the National Tourism Awards 2012-2013, TCIL was the recipient of 3
prestigious awards. 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.
About Fairfax
Financial Holdings Limited:
Fairfax Financial Holdings Limited is a Toronto-based financial
services holding company with a global presence in insurance and reinsurance
and a portfolio of assets in excess of $38 billion invested worldwide. The
Company, founded in 1985 by the present Chairman and Chief Executive Officer,
Prem Watsa, has over the past 25 years, demonstrated a strong financial track record to achieve an annual appreciation in
Book Value per Share of 24.7% annually. Fairfax has almost 20 general insurance
subsidiaries and joint ventures globally, including ICICI Lombard (India).
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 55.01% of Sterling Holiday Resorts (India)
Ltd, engaged in time share and resort business and holiday activities.
About Quess
Corp Limited (formerly IKYA Human Capital Solutions Limited)
Quess Corp Limited is a market leading business services entity with
interests in Asset Management, IT Services and HR services. Headquartered in
Bangalore, the Group has more than 80000 employees, operates in 27 cities in
India, the North America, Middle East and South East Asia. The group has grown
through a series of acquisitions in the last seven years and has INR 2,200
crores as revenue. Quess Corp Limited is a subsidiary of Thomas Cook (India)
Ltd. For more information visit: http://www.quesscorp.com/
About Sterling
Holiday Resorts (India) Limited:
Sterling Holiday Resorts (India) 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. Sterling Holidays’ network includes 1767 rooms across 24 resorts in
21 scenic holiday destinations pan India. 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
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