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.
Do you have any concerns or worries of personal or financial safety while planning for your next holiday? Worry no more.
SOTC introduces TravShield,a comprehensive safe travel program and Holiday First,Pay when you return plan
Check here: https://t.co/uw3T9CuLed@madhavanmenon55 pic.twitter.com/u8y4D0ITaK
— SOTC Travel (@SOTCTravel) June 17, 2021
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.”
If you had any concerns or worries of personal or financial safety while planning for your next holiday, worry no more.
Thomas Cook introduces TravShield a comprehensive safe travel program and Holiday First, Pay when you return plan.
Check out more here https://t.co/fehl0vQmI9 pic.twitter.com/Sl3cpJejyi
— Thomas Cook India (@tcookin) June 17, 2021
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.