Category Archives: Agents

Yatra Online has announced the acquisition of the corporate travel business of PL Worldways Limited (PLW), a Chennai-based corporate travel services provider. This acquisition will help strengthen Yatra’s foothold in the southern India region along with adding over 100 corporate clients to its existing client base of over 700. Commenting on the acquisition, Dhruv Shringi, Co-Founder and CEO, Yatra Online, said, “PL Worldways has an unparalleled reputation in corporate travel in the southern part of the country due to its strong customer focus and unmatched service. With this acquisition, we not only strengthen our position in the growing corporate travel market in India but also in Southern India, which has been in our cross-hairs for some time. Our endeavour will be to deliver best-in-class service to PLW’s existing customer base, through our self-booking platform and expense management solution software. We look forward to welcoming PL Worldways team to the Yatra family.” Anil Pathak, Chairman, PL Worldways, said, “We are excited for PL Worldways to join Yatra family. PL Worldways’ local connect and customer service expertise will complement Yatra’s technology platform and leverage the largest hotel network in the country; helping clients optimise their travel spend and improve their travel processes.”

U&I Holidays has launched a mobile app for the end customer, enabling them to travel without their vouchers along with giving instant feedback. Shyam Upadhyay, Director, U&I Holidays, revealed, “Innovation is most important today, and every wholesaler or retailer has an online portal now. The latest addition for our portal is mobile application, to be used not by the operator but by the end user. We will start this from Bali. A guest travelling to Bali now need not carry any hard copies. He can simply download the application and have all his itinerary and vouchers on the mobile phone. At the same time, we have connected the driver and the client directly, just like in Uber or Ola cabs, allowing guests to track the location of the driver. At the same time, most of the Indian restaurants, shopping places have been marked and mapped in the application. Hence, wherever the guest is, he or she can see which is the nearby Indian restaurants or shopping area in the app.” Upadhyay further added that it is advantageous for them to get instant feedback as well. “Most important for us as a DMC is real-time feedback. If clients get convinced on tour, it’s fantastic. But if anything is wrong and he comes back to India, one can probably lose the client or bear a compensation. Now with this real-time feedback, everyday once the tour gets over, client will automatically get a pop up, and if they have a complaint they will definitely put it. That will straightway goes to the Bali office or head office and all the senior management at U&I Holidays. We have a dedicated quality control team who’s going to …

Ebix has announced that its EbixCash World Money subsidiary in India has entered into an agreement to acquire 100 per cent assets of India-based Essel Forex for approximately US$8 million. Ebix will be funding the entire transaction in cash, using its internal cash reserves. The acquisition of Essel Forex following the recent announcement of the Weizmann acquisition, further strengthens EbixCash’s position as the largest financial exchange in India, besides being the undisputed leader in the inward remittance, outward remittance and foreign exchange markets in India. With a national network of 44 branches in 31 cities serviced by 400+ employees, Essel Forex has been one of the five largest foreign exchange providers in India with a wide spectrum of related products including sales of all major currencies, travellers’ checks, demand drafts, remittances, money transfers and prepaid cards primarily for the Corporate clients. Besides being a foreign exchange business partner to leading banks such as ICICI, Axis, Indus Ind, Yes and HDFC Bank, Essel Forex has been associated with Western Union and MoneyGram for inward money transfers. Essel Forex will be tightly integrated into the EbixCash Financial Exchange offering in India and abroad. The retained Essel Forex executives will become an integral part of the combined EbixCash remittance and forex leadership team headed by EbixCash World Money Managing Director TC Guruprasad. Ebix believes the Essel Forex business can generate operating margins of 40% or more, once fully integrated. Ebix expects the acquisition to be immediately accretive to its earnings. Robin Raina, Chairman, President and CEO, Ebix said, “Essel Forex has a rich focus on the corporate clientele with strong partnerships with many leading banks. Their geographical, product and client overlap with EbixCash made the …

Zen Cruises has announced its collaboration with The Apollo Group, an American custom cruise-hotel operator. Jurgen Bailom, President and CEO, Zen Cruises, said, “Zen Cruises has partnered with global experts from the cruise, entertainment, port and marine industry to bring closer home the grandeur experienced by Indians onboard foreign ships. With their vast knowledge of serving global cruise industry, our strategic partners will offer quality services to domestic passengers, both in terms of innovation and experience.” Zen Cruises’ maiden cruise will sail in Indian waters in 2019 on a 70,285-ton, 2,000 passenger ship. The ship, currently in service under a leading cruise line, globally will be renamed ‘Karnika’ post change of ownership and is set for its first domestic sail from Mumbai under the brand name ‘Jalesh Cruises’ in April 2019. The Apollo Group will be spearheading an array of on-board operations ranging from food and beverage, house-keeping, guest services, payrolls, public health, vendor management and revenue collection, among others. Zen Cruises has also announced its collaboration with a leading ship manager as a marine technology partner for providing on-board environment management, itinerary distance planning, fuel forecasting, compliance and class regulations, supply chain and budgeting, among others. For onboard IT and hardware services, broadcasting, satellite and shoreside link, Zen Cruises has collaborated with IPM Solutions, which specialises in providing seamless connectivity, services and project management for cruise ships across the world. Harding Brothers & Flemingo will offer on-board high-street retail therapy from international brands as part of its collaboration with Zen Cruises. The ship will undergo revitalisation in Singapore with Sembcorp Marine.

After MakeMyTrip (MMT) group’s chief executive Deep Kalra’s recent comment that the Federation of Hotel and Restaurant Association of India (FHRAI) has no locus standi to determine commercial agreements between MMT and the establishments on its platform, Gurbaxish Singh Kohli, VP, FHRAI, says, “Goibibo and MMT have been exploitive, unethical and adapted divisive business practices, leading to predatory pricing, market distortions and cannibalisation. I fail to see how our letter clearly worded as requesting to “resolve” the situation would be misconstrued as trying to “dictate” terms. India has approximately 100,000 establishments which provide accommodation. Approximately, 65,000 are structured licensed establishments, out of which around 45,000 hotels are stand-alone hotels. “FHRAI has never got involved all these years in any negotiations with standalone vendors but takes a strong stand when the industry faces any outside coercion or intimidation. It is only when 1000’s of hoteliers realised Goibibo and MMT’s arrogant method of pressurising the small hotels in high commissions, more free rooms, started price control on the owners. FHRAI has, in its fiduciary duty stepped in to amicably resolve matters. Please note FHRAI is not here to negotiate as wrongly being projected. It is here to ensure that agencies like MMT and Goibibo do not take the industry for granted by parenting such market conditions in which it would be difficult to do business for one party but a win-win situation for the other.” He further said, “Going back to December 7, 2018, whilst the Ahmedabad Hoteliers blocked GOMMT in the city, Kalra wanted to sit with FHRAI and work out the issues. The team sent to “resolve” arrived but with a fixed agenda of “fixing” only commissions that too by a paltry reduction …

To ensure a seamless golf experience exclusive to Thailand, The Tourism Authority of Thailand (TAT), New Delhi, has launched the Thai Golf Pass Season-II after the success of  first-ever golf loyalty programme for any country. The new season of the programme aims to offer exciting rewards on redemption of loyalty points. The focus of Thai Golf Pass Season-II is to integrate its website with travel partners’ website while increasing the number of loyalty partners to 200 and membership’s base to cover 5000 golfers. Besides bringing all the suppliers under one platform, TAT is also looking to organise promotional events in India and Thailand. On the occasion, Isra Stapanaseth, Director, Tourism Authority of Thailand, New Delhi, said, “Amazing Thailand is a paradise for golfers with more than 250 international standard golf courses, professional caddies, warm hospitality, wellness and food, and entertainment. We are looking forward to Indian golfers to become a part of this loyalty programme and experience the services and offers.”

VFS Global has appointed Jiten Vyas and Vinay Malhotra – both Regional Group COOs – as members of the company’s Executive Board. The Executive Board (EB), in collaboration with the Board of Directors, plays a pivotal role in the compamny’s strategic decision-making across various business verticals and its functions. The addition of  Vyas and Malhotra, with their respective vast individual career experiences, will further strengthen the EB to bring in the wider operational business perspective, in light of the company’s growth strategy. Vyas, a UK citizen, who joined the company in 2003 is responsible for all business operations in Africa (including Turkey), CIS and Eastern Europe, Europe and Americas and Australasia. Malhotra, an Indian citizen,  who joined the company in 2013 is responsible for all business operations in Middle East, South Asia and China. Both of them have handled various leadership responsibilities across geographies for the company, and are also responsible for the strengthening of key client government relationships. Zubin Karkaria, CEO, VFS Global, commented, “We are proud to have dynamic and experienced leaders of the calibre of Jiten and Vinay, who have been instrumental to our global success in growing rapidly and serving now 62 client governments. As we further expand our scope of business, we look forward to having their considerable and combined expertise add value to matters of strategy and corporate development.”

Blue Square Consultants has been appointed as the representative for Azerbaijan Tourism Board (ATB) in India. It will be responsible to build and develop strong relations with key tourism and hospitality entities and trade partners to grow and strengthen the tourism potential of the destination in the Indian market. Confirming the appointment, Sevinj Zeynalli, International Market Management Director, Azerbaijan Tourism Board, said, “India being an important outbound market, we’re pleased to partner with a highly reputed organisation like Blue Square Consultants that has a strong foothold across different cities in India. Owing to their successful track record, we are confident that their expertise will help us gain greater visibility and we look forward to welcoming more Indians on their holiday to Azerbaijan”. Lubaina Sheerazi, COO, Blue Square Consultants, stated, “We are delighted to represent the magnificent country of Azerbaijan and drive it as a preferred leisure destination for Indian travellers. The strategy is to tap into the growing outbound market and change perceptions to showcase the tourism prospects of Azerbaijan. We have the requisite knowledge and an excellent track record in managing various tourism boards and the recent appointment is a reaffirmation of our proficiency in the travel sector”.

Travelport has entered into a definitive agreement to be acquired by affiliates of Siris Capital Group and Evergreen Coast Capital in an all-cash transaction valued at approximately $4.4 billion. Under the agreement, Siris and Evergreen will acquire all the outstanding common shares of Travelport for $15.75 per share in cash. The Board of Directors of Travelport unanimously approved the agreement and recommended that shareholders vote in favour of the transaction. Elliott and its affiliates have agreed to vote the common shares owned by them in favour of the transaction. Doug Steenland, Chairman — Board of Directors, Travelport, said, “This is a good outcome for Travelport’s shareholders. Assisted by external advisers, the Board concluded unanimously, after taking into account the ongoing development needs of the business that entering into this agreement represents the best way to maximise value for shareholders. It also enables the company to continue its work to position itself for growth in the evolving global travel industry.” Frank Baker, Co-Founder, Siris Capital, added, “Travelport has an impressive track record of developing and bringing to market best-in-class distribution capabilities, technology services, innovative payment solutions and other value-added digital tools for the global travel industry. We have been impressed by the company’s industry-leading GDS technology platform, which supports mission-critical transactions for both travel providers and agents. At the same time, Travelport is redefining the travel payments industry through eNett, a disruptive and fast-growing leader in secure, virtual travel payments. Siris looks forward to partnering with the company’s management team and Evergreen in this next phase of Travelport’s evolution and growth as a private company.” Travelport may actively solicit alternative acquisition proposals from third parties during a “go-shop” period from the date …

The Federation of Hotels & Restaurants Association of India (FHRAI), along with its regional associations, met four representatives from MakeMyTrip to discuss reduction of the commission charged by the OTAs to 15-18 per cent. The meeting was attended by Surendra Jaiswal, President, HRANI and Vice President, FHRAI, along with Garish Oberoi, Immediate Past President, FHRAI and Treasurer, HRANI. Also present at the meeting were Gurbaxish Singh Kohli, President, HRAWI, along with some of the Executive Committee members. Another points discussed in the meeting include ceasing discretionary positioning and self-rating by properties since they have no authority to rate hotels or mention star ratings based on reviews; no predatory pricing and no further discount on rooms without consent of hotels. Apart from it, the association wants that discounting on rooms and its display will be done after the express consent of the hotel and not via the extranet. Several other points raised in the meeting included the service charge on hotel room booking to be rephrased and given a different nomenclature to avoid taxation issues for the hotel, the burden of the loyalty points and discounts passed to their guests to be borne by them from the commission and not to be passed to hotels, a full break-up of pricing in case rate is displayed with full board, commission to be levied on room only and the component of food should not attract any commission, PLBs only with express agreement with hotels not blanket, PLB taxation to be borne by MMT and not the hotel and illegal hotels apartments, B&B to be immediately delisted from the portals — only legal  properties to be listed.