India's inbound travel could be hit by UK Thomas Cooks collapse
Countries like UK, Germany and Italy where Thomas Cook has a good presence are the key source markets for India
After the British travel giant Thomas Cook collapsed, India's inbound travel could be severely hit and hence adversely impact foreign exchange (forex) earnings too in the months to come.
Thomas Cook UK sends a lot of high-spending tourists to India from countries such as UK, Germany and France. Countries like UK, Germany and Italy where Thomas Cook has a good presence are the key source markets for India.
Among the top European source markets, German tourists accounted for 1.85 per cent of the total FTAs in the previous month. The total FTAs in August 2019 were 7,98,587 as compared to 7,86,003 in August 2018, registering a growth of 1.6 per cent.
