Thomas Cook India’s AlliedTPro & New World Travel brings joint venture Allied New World

Thomas Cook India’s AlliedTPro & New World Travel brings joint venture Allied New World

To enhance growth opportunities for both companies by combining scale & leveraging technology.

Thomas Cook

Mumbai: Thomas Cook India announced its North American subsidiary, AlliedTPro, has entered into a strategic joint venture with New World Travel to provide key shared services to both companies and fuel growth opportunities.

The new JV company, Allied New World, headquartered in New York, has been set up to leverage the strengths of both companies to drive productivity and accelerate growth in the post-pandemic era.

Allied New World plans to be a centre of excellence that will provide key shared services to both companies and fuel enhanced growth opportunities by combining scale and leveraging technology to improve productivity and reduce the cost of operations.

The new venture will combine the strengths of both companies across key functions, including contracting, technology, IT, finance, human resources & data management. AlliedTPro (Horizon Travel Services) and New World Travel will remain separate legal operating entities, and both companies will continue to market under their respective brands.

Mark Morello will continue to lead AlliedTPro as CEO and will expand the same role in Allied New World. Peter Dorner will continue to lead New World Travel. Simultaneously, he will handle the newly formed joint venture as president and deputy CEO. The identified critical functions will be managed by the key staff from both organisations.

The joint venture builds on the powerful brand reputations of AlliedTPro and New World Travel, two of the oldest and most respected companies in the North American travel industry. Allied New World via Horizon Travel Services (dba AlliedTpro) and New World Travel will enjoy the backing of financially strong global leaders—Thomas Cook India Group/Fairfax Financial of Canada and DER Touristik Group.

Speaking about the association, AlliedTPro CEO Mark Morello said, "I am delighted to announce the formation of Allied New World—representing our strong partnership with New World Travel/DER Touristik Group. We believe Allied New World LLC represents an innovative business model that will significantly help accelerate future growth. Our decision to collaborate, as equally strong and highly reputed industry leaders, will improve productivity, reduce cost of operations, and help both groups deliver enhanced value to customers, supplier partners, and shareholders."

Adding to it, New World Travel CEO Peter Dorner commented, "As a customer-centric and innovation-driven company, we are excited about the new joint venture with our strong partner, AlliedTPro/Horizon Travel Services LLC. Allied New World will allow us to share and enhance key services for both companies—profiting from smart processes, advanced technology, and synergies. We strongly believe that our new cooperation will strengthen our future growth – to the benefit of employees, partners, and customers."