Holiday First & Pay Only When You Return With This New Scheme Of Thomas Cook & SOTC

by Tania Tarafdar
by Tania Tarafdar 787

The waves of COVID-19 completely shook the travel and hospitality industry. The already hard-hit travel industry suffered an ever harder blow with the second wave. And while the industry may take years to get back to recover and get back to pre-COVID levels, those who are at the forefront of the industry are coming up with new offers to lure tourists. To encourage travellers for a holiday, travel agencies SOTC and Thomas Cook have launched a ‘holiday first and pay when you return’ scheme.

Holiday First & Pay Later

Are you avoiding travel because you do not want to go through the hassles of cancelled flights and hotels? You can now go on a holiday and only pay after returning from their holidays. SOTC and Thomas Cook have tied up with Non-Banking Financial Companys to boost sales and address your concerns of travel uncertainity.

In the last year, the industry saw a lot of cancelled bookings and delayed refunds, and SOTC and Thomas Cook are working to address this particular concern. The new schemes will also address issues related to health and hygiene apart from helping travellers figure out the finances. Domestic Tourism To Drive Indian Tourism Sector In Coming Years: Chairman & Managing Director, Thomas Cook India.

Also read: Work From The Mountains Of Himachal At ITC’s New Leisure Hotel & Beat WFH Blues

Travellers With Good Credit Worths Will Be Eligible For This Scheme

Abraham Alapatt, President and Group Head (Marketing), Thomas Cook India told Times of India, “These NBFCs will examine the creditworthiness of people seeking to avail of this offer. People with good creditworthiness will need to pay 15-20 percent of the cost of their domestic package and the balance on return to the NBFC without any extra charge or fee.”

Also read: IRCTC Gives You A Chance To Work From Konark, Puri & Gopalpur With Its Nature Travel Plans

The NBFC will charge interest only if people opt for EMI instead of paying the entire amount at one go. However, those who fail to make the payment after their holiday will face action. The default would reflect in their creditworthiness and they will face consequences on securing loans in the future.

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