Cox & Kings Ltd. Opens First Forex Store at Panjim in Goa

Cox & Kings Ltd., the leading holidays and education travel group having operations in 22 countries, opened its first dedicated Foreign Exchange branch at Panjim in Goa today. The branch designed as a one-stop-shop for all foreign exchange requirements was inaugurated by Ravi Menon, Head, Foreign Exchange, Cox & Kings Ltd.

The flagship store located at Magnum Centre, First Floor, Shop 20, MG Road, Panjim will offer a slew of products - buying and selling of all frequently traded foreign currencies, sell pre-paid cards, enable Money Transfer business where tourists can receive money from overseas, as well as provide domestic money transfer facilities. Students who desire to travel overseas from Goa for further studies can avail Foreign Currency Draft and Outward Remittance facilities through this outlet.

According to Ravi Menon, Head, Foreign Exchange, Cox & Kings Ltd., “Goa is a key market as it receives a large number of foreign tourists. Our bouquet of foreign exchange products and services are designed to cater to this segment. Our branch will cater to all the requirements which are allowed under Authorised Dealer CAT II activities.”

It has been observed that foreign tourists need help to exchange and exhaust their money when on their holiday. Cox & Kings will cater to both these needs, where these guests can exchange their money as well as use the money transfer facility to receive money from overseas.

In case foreign tourists need help with their domestic holiday they can approach this branch, which in turn will refer them to the nearest Cox & Kings store.

According to data released by the department of tourism, government of Goa, in 2015, Goa received 5.40 lakh International tourists, an increase of 5 percent over 2014. This year the state is expected to attract even more tourists especially from traditional markets such as USA, UK, France, Germany and Russia.

 About Cox & Kings Ltd.: (BSE: 533144 | NSE: COX & KINGS)

Cox & Kings Ltd. (‘C&K’) is a leading leisure and education travel group with operations in 22 countries across 4 continents. It is one of the most experienced travel companies in the world, having been in operation since 1758. Headquartered in India, over the last three decades, C & K has transformed itself into a diversified, multinational travel conglomerate with a focus on the new-age global consumer.

C & K operates in three key verticals; Leisure, Education and Hybrid Hotels.

Leisure - India is best known by the ubiquitous Cox & Kings brand in India, where we are an integrated travel enterprise, offering the best and widest range of travel options to individuals, groups and businesses in the fastest growing major economy in the world.

Leisure - International operates in multiple countries, mainly under the Cox & Kings brand, with a greater focus on premium-end travel.

Education operates under the brand names PGL and NST, among others. PGL and NST are market leaders in experiential learning in the UK and we intend to take these brands across the world; we have recently entered the Australian market.

We operate 16 hybrid hotels in Europe under the Meininger brand. Our unique selling proposition is that we can deliver the urban traveler a clean, safe, stay in a city-centre location at an affordable price. 

Over the years the company has won many awards that stand testimony to its excellence in service.

C & K is one of the founding members of the World Travel and Tourism Council (WTTC), and we are members of premier industry associations across the world. 

In 2015 the company has won a string of awards and amongst them are the World Travel Awards for Asia’s luxury tour operator, India’s leading travel agency and India’s leading tour operator. It also won the award for Deccan Odyssey, which emerged as Asia’s leading luxury train.

Our Executive Director Ms. Urrshila Kerkar won the Game Changer of the Year Award, and our Director Mr. Peter Kerkar was honoured by the British Travel and Hospitality Hall of Fame in 2015.