Tag Archives: Travstarz

Amidst the ongoing tensions between China and India, Travstarz has initiated talks with Rezb2b, a CTRIP Subsidiary which holds a minority stake in Travstarz to buy back 100 per cent of its shares. Pankaj Nagpal, Managing Director, Travstarz Global Group shared this update and said, “Travstarz shall soon be a 100% Indian Company once again and all shares will be held by us and my son, Raghuv Nagpal, too shall be joining the Board post the transaction which will be finalized soon.”

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 …

Seychelles Tourism Board recently organised ‘Appreciation Evenings’ in New Delhi and Mumbai for its key travel trade, airline and hotel partners to thank them for their support. The tourism board also gave away appreciation awards to those travel agents and tour operators who have significantly contributed to the increase in awareness and tourist arrivals to Seychelles from India. Awardees in New Delhi included Destination Travel Services, Makemytrip, TUI and Travstarz. In Mumbai, Holidays Box, Vacations Exotica – Balmer Lawrie, Ottila and Air Seychelles were honoured. Hallmark Elite and Escape Holidays from Ahmedabad were also awarded. Patsy Moustache, Acting Charge de Affairs, Seychelles High Commission congratulated the tourism board team and the travel trade partners for their support.  This was followed by a destination update. Sherin Francis, CEO, Seychelles Tourism Board, was not present at the events but she sent out a message that said, “When we started the India office in 2013, there were just around 2,000 Indians visiting Seychelles. Last year we touched 8,000. This number may seem small in comparison to the several thousands of tourists visiting other destination. But keeping in mind the exclusivity of the destination, our limited marketing budgets and most importantly the short period of time, we are proud of this achievement. The numbers this year so far show similar trend as last year and we are positive that we will cross our target of 2016. Though Seychelles remains the ultimate romantic destination we have seen several families, small MICE groups and adventure sports enthusiasts choosing the islands for their holiday.”