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Thomas Cook’s arm enters into strategic joint venture with New World Travel

02 Nov 2022 Evaluate

Thomas Cook (India)’s North American subsidiary -- AlliedTPro has entered into a strategic joint venture with New World Travel Inc. The new JV company, Allied New World, headquartered in New York, has been set up to leverage the strengths of both companies to drive productivity and accelerate growth in the post pandemic era.

The joint venture will enhance growth opportunities for both companies by combining scale and leveraging technology to improve productivity and reduce the cost of operation. Allied New World will combine the strengths of both companies across key functions, including contracting, technology, IT, finance, human resources and data management.

Thomas Cook (India) is India’s leading integrated travel services company.

Peers
Company Name CMP
Thomas Cook (India) 106.20
IRCTC 476.45
TBO Tek 1707.80
Le Travenues Techno 165.85
Yatra Online 104.50
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