Thomas Cook India Launches India Forex Report 2026
Thomas Cook India launched the India Forex Report 2026, detailing shifts in consumer forex behavior. Key findings include emerging India's 53% contribution to forex demand, 25% digital transaction adoption, and a shift towards destination-specific currencies. Leisure travel leads demand at 57%, with corporate travel at 27% and education at 16%.
This announcement is a report on market trends and consumer behavior related to foreign exchange. It does not involve any significant corporate actions, financial results, or strategic changes that would have a direct and immediate impact on the company's operations or stock price.
The announcement is a press release detailing findings from a market report. While it provides insights into consumer behavior and market trends, it does not contain any direct financial performance, strategic decisions, or events that would significantly impact the company's immediate outlook.
Thomas Cook (India) Limited has launched its India Forex Report 2026, which analyzes how Indian consumers purchase, carry, and spend foreign exchange across leisure, education, and corporate travel. The report, based on transaction data from April 2025 to March 2026, reveals key shifts in the Indian forex market.
Key findings indicate that emerging India, particularly Tier 2 and Tier 3 cities, now contributes 53% to forex demand, reshaping the market beyond traditional metros. Younger consumers are driving digital forex adoption, with 25% transacting digitally, and a growing preference for destination-specific currencies beyond the US Dollar. Forex payment behavior is shifting towards cards and digital experiences, with shorter planning cycles for forex purchases, averaging 4-7 days before travel.
Leisure travel remains the largest driver of forex demand (57%), followed by corporate travel (27%) and overseas education (16%). While the US Dollar still dominates (49%), Europe-linked currencies (23%) and Asian currencies (11%) are gaining traction. The report also highlights a strong preference for forex cards among corporate travelers, accounting for 84% of usage, and a growing trend towards contactless payments and digital remittances for education expenses.
Mr. Deepesh Varma, Chief Business Officer – Foreign Exchange at Thomas Cook (India) Limited, stated that the report offers insights into the evolving Indian forex consumer, driven by digital-first journeys, participation from emerging markets, and a preference for destination-specific currencies. He emphasized the company's focus on innovation and customer convenience to adapt to these market dynamics.
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