NEWS FLASH

With the holiday season setting in, the leisure industry, the travel and tourism industry is expected to bring the cheer in. Madhavan Menon managing director with Thomas Cook says that ongoing World Cup has seen decent foreign exchange business but the upcoming season is likely to help bring good growth in the company’s Q1.

"We follow forward booking in holiday business, the forward bookings for summer is more than 20%. The sources of foreign travels have been good and we have seen growth in this quarter," he says. He expects that if the rupee remains stable, "we will see a fair amount of active business in that segment." He also says that the Japan castatrophe is not likely to cause much damage in the business.