{
  "id": 20126806,
  "title": "Thomas Cook eyes resort biz demerger",
  "url": "https://urgent.news/2026/11/15/thomas-cook-eyes-resort-biz-demerger",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-15T05:50:51.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/thomas-cook-india-expects-demerger-of-resorts-biz-by-october-2027-open-to-acquisitions-md/articleshow/135848398.cms"
  },
  "original_language": "en",
  "account": "Thomas Cook (India) Ltd has filed an application with the Mumbai National Commercial Tribunal (NCLT) for the proposed demerger of its resorts and resort-management business into Sterling Holiday Resorts (SHRL). According to Mahesh Iyer, the company's Managing Director and CEO, the scheme is expected to become effective by mid-FY28, although it is contingent upon obtaining necessary regulatory and shareholder approvals.\n\nIn a separate interview, Iyer also discussed the company's growth strategy, expressing openness to inorganic growth through acquisitions and strategic partnerships. Iyer mentioned exploring potential collaborations and investments in technology-led platforms that could complement Thomas Cook's existing ecosystem across leisure travel, corporate travel, and forex.\n\nThe company's focus on growth comes amid a recovery in travel demand following geopolitical disruptions that impacted sentiment and operating conditions in some international markets during the first half of FY27. Thomas Cook's India travel businesses experienced a sharp recovery during the July-September quarter of FY27, ending 6% below the previous year with healthy EBIT margins of 3.8%. Domestic and short haul travel were key contributors to this recovery.\n\nLooking ahead, Iyer anticipates continued strong demand for the company's leisure travel business in India, despite elevated airfares and other input costs. Forward bookings for Q3 FY27 are expected to be 30% higher, signaling positive future demand trends. Iyer emphasized the company's commitment to building on its existing strengths organically while recognizing the value of strategic partnerships and acquisitions to accelerate growth and respond to evolving traveler needs.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Thomas Cook India expects demerger of resorts business by Oct 2027: MD",
        "url": "https://urgent.news/2026/11/15/thomas-cook-india-expects-demerger-of-resorts-business-by-oct-2027-md",
        "published": "2026-11-15T06:07:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}