Category Archives: Agents

Majority of people prefer wedding destination near home town: Survey

Most of the people prefer destinations wedding near their hometown, according to a Travel Wedding Show Survey. 67 per cent of the people responded positively while 33 per cent preferred the destination wedding far from their home town. Destination wedding for the next five years will be the biggest thing. Weddings are big business, and everyone wants a piece of the pie. If as wedding planners we have to survive, we need to go out, to different cities and destinations and procure more business. Indian and international destination weddings will remain, the next business thing,” says Rajeev Jain, Founder and Director, Rashi Entertainment.

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Travel and Tourism’s contribution to employment witness positive trend

The total contribution of Travel & Tourism to employment was 41,622,500 jobs in 2017 (8.0 per cent of total employment), according to a report by World Travel and Tourism Council. This will rise by 3.1 per cent in 2018 to 42,898,000 jobs (8.1 per cent of total employment). By 2028, travel and tourism is expected to support 52,279,000 jobs (8.4 per cent of total employment), an increase of 2.0 per cent per annum over the period, the report said. Meanwhile, Travel & Tourism generated 26,148,000 jobs directly in 2017 (5.0 per cent of total employment) and this is forecast to grow by 2.8% in 2018 to 26,883,000. This includes employment by hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). It also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.

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Travstarz Global Group opens Mumbai office

Travstarz Global Group has recently opened its Mumbai Regional Office. Speaking on the development, Pankaj Nagpal, Managing Director, Travstarz Global Group, added, “We already had presence in Mumbai with our sales team, but we have now opened our full-fledged office with our Sales and Operations teams to be based in Mumbai to look after the entire West India region catering to Gujarat, Maharashtra and even MP. The team will be led by Hema Manghnani, Executive Director of the company based in Mumbai. The team size will be around 15 for the time being in addition to the sales teams at various locations”. Hema Manghnani said “We expect a huge surge in business from the Western Region after the opening of our office and with our operations team stationed here as local presence and local language speaking team makes a big difference.” Sucheta Nagpal, Director & CEO, Travstarz Global Group, also announced the start of their DMC operations for Egypt. “As per our expansion strategy, we have been making strategic investments overseas and Egypt is our latest addition for our DMC operations. With our own fleet of vehicles, we are contracted with all major hotels in Egypt.” He added    

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TBO Group gets stronger as SCPE acquires Naspers’ stake

TBO Group seems to have come out stronger as Standard Chartered Private Equity (SCPE) acquires Naspers’ stake in TBO Group. SCPE now owns 49 per cent of the stake vis-a-vis Nasper that earlier owned 52 per cent with both co-founders currently owning 51 per cent stake. Ankush Nijhawan, Co-founder, TBO Group, says, “SCPE now believes in our business model that we have built in the last twelve years; I think the game has just begun.” In his message to travel agents, he added, “TBO has been known for innovations in tech-segments. TBO Academy is something we just built and started, and we have also recently launched the Roamer App. We will also bring cruises online by the end of the year.” Talking about SCPE’s plans for TBO, Nijhawan said, “SCPE is very bullish on our business plans, they believe in us and they are going to be the growth drivers for us in the global market as well as India. They will back us in whatever we think is great for the company.”  

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Pacific Travels celebrates 50 years of operations, opens new office in Delhi

Pacific Travels has celebrated its 50 years of operations and opened a new office in New Delhi. “Having started with a conventional business model in 1968 in Kanpur, we are now carrying forward our legacy in New Delhi. We expanded our business with new products to offer. July 18 is an important day for us as we complete 50 years of operations” said, Nasir Zaidi, Managing Partner, Pacific Travels.

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Weizmann Forex to have airport counters in 5 cities

Weizmann Forex has announced that it has been awarded licenses to operate foreign exchange counters across Hyderabad, Goa, Cochin, Chandigarh and Mumbai airports. Out of these five cities, the company has received exclusive rights for Goa and Hyderabad airports for six and five counters, respectively. In these five cities the company has received mandates for three years at three and five years at two airports. With these additions, Weizmann Forex now operates 18 airport forex counters across the country. Commenting on the development, B Karthikeyan, Managing Director, Weizmann Forex Limited said, “As part of our strategy, we are committed to serving our customers through multiple touch points in an omni-channel distribution strategy that covers its digital website, substantial branch network and a renewed focus on airports. We have increased our presence across various Indian airports which will significantly enhance our brand visibility while enabling us to serve more walk-in customers. Going beyond business objectives, we remain conscious about our customers’ need for convenient access, the need of our airport partners to provide world-class ambience and experience and also our own objective as a responsible company to protect the environment for ourselves and for our future generations. We are committed to staying in the path of relevance of our customers by providing new, innovative and value-added offerings, helping us strengthen our position as a leading player in the forex and remittances space.”  

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Thomas Cook India eyes student segment for forex business

In a move to capitalise on the significant and growing student travel segment, Thomas Cook (India) has launched ‘Study Buddy’ – a student-focussed foreign exchange promotion available across Thomas Cook India’s omni-channel network, including over 150 foreign exchange outlets pan India, and extends over a three-month period ending September 30, 2018. Deepesh Varma, Senior Vice President, Foreign Exchange – Sales & Relationship Management, Thomas Cook (India)  said, “The student travel market in India is a significant opportunity and at Thomas Cook India we have already witnessed impressive growth of 20-25 per cent YoY. Hence in an initiative to inspire demand and maximize transactions, we conceptualized ‘Study Buddy’, timed to coincide with the student travel season. ‘Study Buddy’s’ attractive offers and assured gifts are intended to delight the value seeking student community. Being a specialist in Foreign Exchange, our core product-service offering includes Remittance of university/tuition fees, forex prepaid cards and currency notes backed with years of experience in guiding students and parents on changing forex regulations and the safest way in carrying foreign exchange abroad.”Against the backdrop of a steady increase in Indian students opting to study abroad for graduate and post graduate studies, Thomas Cook India has registered a 20-25 per cent YoY growth in its foreign exchange student business over the last three to four years. Given the strong growth potential and in a focussed initiative to catalyse demand and expand its student market-share, Thomas Cook India has launched a three-month strategic Study Buddy promotion- timed strategically to target the critical booking window for student travel.

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Divine Holiday Management and Divine Line Production announce presence in Bali

Divine Holiday Management and Divine Line Production have recently announced their presence in Bali which will cater operations for tourism, MICE, events, destination weddings and film shoots not only in Bali but also for all cities in Indonesia. The companies already have their presence in Mauritius, India, Vietnam, Cambodia, Myanmar and the Philippines. Terence Cardoz owner of both companies said that Indonesia is an endless destination to explore as the archipelago has the world’s richest natural resources covering more than 17.000 islands, beautiful white sandy beaches to the panoramic rings of volcano stretched all along Sunderland with its deep forest that offered some of the world’s most amazing wildlife, the richest deep-root cultures that covered by more than 300 ethnic groups and tribes with huge variant of culinary, clothing, art and dances, daily life and charm peoples with their genuine hospitality. Those fact on Indonesia offers a very wide range of traveling style to the country, from Romantic & Honeymoon, Sports & Adventure, Science and Research, Family Leisure, Cultural & Spiritual Explorations, Photography and Videography from small to wide productions scale, MICE and Groups. For Film shoots , music videos  we would like to encourage film makers from India and International film industry to shoot in the exotic locations of Bali, Java and around other beautiful locations in Indonesia.    

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Thomas Cook’s domestic business witnesses 35-40% growth

Thomas Cook (India) has said that its domestic business is growing at a robust pace of 35-40 per cent, and its share in the total revenue is expected to rise in the next few years. The outbound business currently contributes 80 per cent and is growing at 20-25 per cent, while domestic travel generates the rest, but over the next two-three years, the revenue ratio is expected to change, Romil Pant, Vice President, Thomas Cook (India) said. “I think the share of domestic business is ideally expected to move up to 30 per cent from 20 per cent now in the next two to three years, looking at the growth rate,” he said. Pant was in Kolkata to promote special regional Bengali tours in the city during the Durga Puja festivities. In these tours, managers will use the local dialect, and more such tours in other languages are also planned, such as Assamese, Pant said. Deepening reach is another step to maintain growth momentum, he said, adding, “In the next two to three quarters, the total number of exclusive outlets will touch 300. The major focus would be to expand in Tier-II and tier-III cities,” he said. Pant said about 60-70 per cent of the tours are in the packaged tour segment, while the rest are customised. Customised leisure travel has got traction in recent years and is growing at 30-40 per cent. Source: PTI  

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BLS launches Italy visa centre in Singapore

BLS International has entered into a contract with Ministry of Foreign Affairs Italy and commenced operation of processing Italy visa applications in Singapore. The centre will also extend premium services such as Premium Lounge, photocopy, courier, SMS alert and photo booth for the convenience of applicants. Shikhar Aggarwal, Joint Managing Director, BLS International said, “The new Joint VAC for Ministry of Foreign Affairs Italy in Singapore, is equipped with state-of-the-art technology to strengthen the visa processing services for citizens. Looking at the growing trend of emerging popularity of Schengen areas as a new tourist destination, the centre will cater to the ever-increasing volumes of visa applications for Italy and Spain – the two most preferred destinations for Schengen entry.” The application centre is centrally located and has well-trained staff to handle applicants’ queries while the website is user-friendly and informative. The centre is equipped with state-of-the-art facilities and has the capability to service other Schengen countries.  

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