Demand momentum to sustain in travel industry for 4-5 yrs: Thomas Cook's Madhavan Menon

The travel industry is expected to continue growing at a steady pace for the next four to five years, according to Madhavan Menon, executive chairman of Thomas Cook (India). Menon believes that the increasing purchasing power of people who can afford holidays, regardless of the cost, will continue to drive the growth trend. He believes that the Covid-19 pandemic has triggered an evolution in travel and taught companies the importance of productivity.