Travel demand unabated despite weak rupee

The fall in the rupee against the dollar has had a negligible impact on demand as customers are still lining up to book holidays to travel abroad. Mahesh Iyer, MD & CEO, Thomas Cook, talks to Swaraj Baggonkar about the business outlook for Q4 and gains from the ongoing Kumbh Mela.

- Mahesh Iyer, MD & CEO, Thomas Cook, talks to Swaraj Baggonkar

did not give us enough time to react. Then there was the imaging business where we had a $1.6-million one-time, non-recurring receipt from the US government in Q3FY24.

What about the ongoing National Games in Uttarakhand? We are executing the National Games in Uttarakhand, the value of which is roughly ₹120 crore. This income will come in Q4. As you know the MICE business operates at margins of 6-7%, we will make 7-7.5%, which will go to the bottom line.