TravelPort Holidays (India) Pvt Ltd, one of India’s fastest growing travel services firm, is set for expansions by setting up a chain of 200 retail outlets and increasing the number of franchisees from the current one hundred to three hundred by the end of the current financial year. It will also focus on B2B online play and expand on its overseas presence. The expansion programme comes in the wake of 20 per cent YoY growth over the last three years.
As part of the expansion plan, it will set up eight franchisees in twin cities of Hyderabad and Secunderabad and four more in other parts of Andhra Pradesh including Vishakapatnam and Vijayawada. Other towns are also being considered for setting up self service travel kiosks and TravelPort owned outlets.
Commenting on Andhra’s market potential, Heena Akkhtar, chief operating officer, TravelPort said, “Hyderabad is a booming travel market with a lot of IT companies, BPOs and financial services firms thriving and expanding. Corporate travel and leisure travel are two segments that will see compounded growth in Hyderabad.”
“With a million square feet of retail coming up in Hyderabad, interest in retail travel is also growing. This presents exciting opportunities for TravelPort franchisee outlets and TravelPort owned outlets,” added Akkhtar.
With more than one hundred franchisees across India, TravelPort already has offline presence. The infusion of retail outlets, over and above the franchisees, will give TravelPort a strong offline presence with its network spread in tier II and tier III cities.