THOMAS Cook India has acquired Sri Lanka-based DMC Luxe Asia for an undisclosed sum through its wholly owned subsidiary Thomas Cook Lanka.
The company will be operated as an independent entity with Chaminda Dias as managing director.
“The acquisition offers us three-pronged benefits: establish a global destination management presence, tap viable emerging geographies and leverage synergies with our Thomas Cook India Group business lines of inbound, outbound, corporate MICE and foreign exchange,” said Madhavan Menon, managing director of Thomas Cook India.
According to Madhavan, Sri Lanka has witnessed increased interest from Asia such as from the Indian and Chinese markets. He added that the country receives more Chinese tourists than India does, for instance.
