Thomas Cook (India), India's leading integrated travel and travel related financial services company has entered into a strategic partnership with OYO Rooms, India's largest branded network of hotels offering access to over 3200 hotels, spread across over 140 cities pan India.
The agreement, the first of its kind between a travel services company and OYO, offers India's leisure and business travellers a unique standardized stay experience (AC rooms, complimentary breakfast and Wi-Fi with 24*7 customer service support) at an unmatched price.
Abraham Alapatt, chief innovation officer and head -marketing & service quality, Thomas Cook India said, "Domestic Indian travellers today are demanding better value in the form of good quality, conveniently located, standardised accommodation and access to this, is in woefully short supply. Data also indicates, that the number of middle class Indian households is expected to grow exponentially- from 8.8 mn in 2015 to 43.6 mn in 2025- in turn, driving this need further. Our partnership with OYO Rooms, offers us a wonderful platform to tap this need & opportunity. "
Shares of the company declined Rs 2.65, or 1.27%, to trade at Rs 206.45. The total volume of shares traded was 8,429 at the BSE (12.24 p.m., Monday).