Kuoni To Exit Tour Operating Business

New Delhi  : Swiss travel firm Kuoni will exit tour operating businesses in select countries, including India where it employs a total of nearly 1,500 people, citing challenging market conditions. “This exit from the tour operating business includes Kuoni Switzerland, UK, Benelux, Hong Kong/China and India as well as operations in Scandinavia/Finland,” the firm said in a statement. This affects approximately 3,800 people in total and business that generated turnover of CHF 2.2 billion in 2014, it added. In India, the company operates through a wholly-owned arm, Kuoni Travel Group, India. It was formed in 1996 through the acquisition of SOTC.