Tourism Breaking News
India Travel Award winners Pankaj Nagpal and Sucheta Nagpal, the founders of Travstarz, have announced that Tours4fun, a booking portal for global tours and activities and subsidiary of CTRIP, has ventured into India by acquiring a stake in Travstarz Global Group. The company will continue to be led by them as the Managing Director and Director & CEO respectively. Tours4fun has ventured into global travel B2B business with the launch of RezB2B Global Limited and its platform Rezb2b.com. The details of the deal were not disclosed by both parties. Post the investment, Travstarz Global Group will merge its platform Travelrezonline.com with Rezb2b.com and will dedicatedly run the group’s B2B business in Indian Sub-Continent and other adjoining regions.
“With this alliance, we will expand much faster and will get access to latest technology, wide range of products and global markets. We shall be merging our online platform travelrezonline.com into Rezb2b.com and all further developments will be jointly done by our India and Global IT Teams to offer an advanced and robust online B2B system with best worldwide inventory of flights, hotels, packages, transfers and sight seeing, visas, travel insurance and forex. It will provide complete IT Solutions for travel agents, DMCs and hoteliers to seamlessly manage their own content online and provide them a platform to sell their own products to a worldwide audience through us. It is a technology driven product and will change the way travel businesses run across the globe. We will be rapidly expanding our DMC operations under the Travstarz Global DMC Network Program also,” said Pankaj Nagpal, MD, Travstarz Global Group and Sucheta Nagpal, Director & CEO.
Established in 2009, Travstarz Global Group started with selling Hong Kong and Mauritius as a destination. The group grew extensively over the past few years and is today the leading wholesaler for all major luxury hotel brands across the globe and has its DMC operations at Thailand, Mauritius, Maldives, Seychelles, Singapore, Malaysia, Eastern Europe, Azerbaijan and UAE.
Kevin Du, CEO, RezB2B Global, added, “In RezB2B we have created a perfect platform with worldwide inventory of Tours, Sight Seeing and Transfers over the last 10 years and have over 10000 global suppliers on the system. With this acquisition we will merge content from Travstarz and RezB2B to offer all services on a single platform and will create a perfect B2B product with capabilities built in to automate the agency processes besides being one of the best booking engines for the trade. We chose to start our B2B business from India and were looking for a strong Partner with existing presence in B2B space with IT capabilities and Travstarz perfectly fit our plans with their strong business background, the in-house IT team and a clear vision for the future. We plan to acquire more companies across the Globe to penetrate the Global B2B market after India.”
