FCM Travel Solutions eyes Rs 4,000 cr turnover in FY18

FCM Travel Solutions, Indian arm of Australia-headquartered Flight Centre Travel Group, is looking to achieve a turnover of Rs 4,000 crore during the current fiscal year. The company, which follows a July-to-June fiscal year, had clocked a revenue of Rs 2,700 crore in the country in the financial year 2016-17.
“At FCM Travel Solutions, we are aiming at achieving around 50 per cent growth this fiscal year. Our target this fiscal year is to reach a turnover of Rs 4,000 crore,” said Rakshit Desai, Managing Director India, FCM Travel Solutions. The company operates an extensive portfolio of businesses across leisure, corporate travel and forex, he added.
“55 per cent of our existing business is from corporate travel including SMEs and the remaining 45 per cent business is from leisure travel and forex,” Desai added. The travel firm is also looking to re-brand its travel retail and holiday brand – Flight Shop to Travel Tours.
Travel Tours has strong brand equity and heritage that will benefit the company when it expands its presence across the nation, he added. The company had acquired the business interests of Travel Tours Group (TTG), in a cash and stock deal in October 2016, Desai said.

Source: PTI

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