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No short term price correction in airfares or hotels likely: Thomas Cook's Menon

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No short term price correction in airfares or hotels likely: Thomas Cook's Menon

Madhavan Menon, executive chairman of Thomas Cook India (Group) Ltd, predicts that India's airlines and hotels sectors will not experience a price correction due to sustained demand and strong momentum. He highlights that major carriers like IndiGo and Air India are focused on transforming the travel industry in India and will benefit from the growing cohort of travelers in the next 5-7 years. Menon also mentions the potential for IndiGo to adapt to long-haul travel following its order of wide-bodied aircraft and expects Air India to resolve maintenance and staff cost issues with its new aircraft order. Additionally, he foresees an explosion of Indian travelers internationally and increased competition for Middle Eastern and European airlines.

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