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Cox & Kings Ltd Q3 FY17 PAT more than Doubled to Rs. 36 cr Vs 17 cr of Q3FY16 | ||
Mumbai, Maharashtra, India Cox & Kings Ltd., the leading holidays and education travel group having operations in 22 countries, today announced its financial results for the quarter ended December 2016.
Q3 FY17 Highlights Standalone
Consolidated
9M FY17 Highlights Standalone
Consolidated
Management Comment Peter Kerkar, CEO, Cox & Kings Group said, “This quarter’s results were in line with our expectations. Post demonetisation, we are witnessing a shift from the unorganised sector to the organised sector in the travel industry in India.”
He further added, “Meininger continues to expand robustly; we added 1,000 beds on January 1, 2017, taking our total bed count to more than 8,000.. Our Education division also continued to see rising occupancy and forward bookings for FY18 are robust.”
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. Meininger has also signed a lease agreement for a 1,000 bed Hotel in Copenhagen and will take over the operation on January 1, 2017. 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.
Cox & Kings is one of the founding members of the World Travel and Tourism Council (WTTC) and also the member of premier industry associations across the world. Over the years the company has won many awards that stand testimony to its excellence in service.
In 2016 the company has won a string of awards and amongst them are the World Travel Awards for Asia’s Leading luxury Tour Operator, India’s Leading Travel Agency and India’s Leading Tour Operator. It also won Hospitality India Travel Award for Best Domestic Tour Operator and Best Experiential Travel Company. Cox & Kings Trade Fairs was recognised as Champions of ChinaPlas for 2016, 4th time in a row. The company was also voted by Travel & Leisure, South Asia as the leading tour operator in India.
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. |
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Media Contact Details
Nupur Maheshwari
Adfactors PR +91 9833229875 Thomas C Thottathil
Cox & Kings Ltd. +91 22 22637500 |
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