Local travel cos' bookings will plunge with TCS rate hike: Thomas Cook head

In a Q&A, group chairman Madhavan Menon says he sees business moving to overseas companies, which in itself will impact the tax collection opportunity for the govt

Travel companies have reported strong results in the December quarter and are seeing a surge in demand for summer packages. The proposed increase in the tax collected at source (TCS) rate on overseas holidays could prove to be a dampener for local firms, as it will force people to book directly from overseas. Thomas Cook India chairman and managing director Madhavan Menon shares his thoughts on these issues with Aneesh Phadnis:

Thomas Cook India reported its third successive profitable quarter. What are the booking and demand trends for the summer of 2023

Our demand pipeline is robust for the upcoming