A global B2b wholesaler for land arrangements with e-commerce propriety online software which has been licensed to other tour operators creating additional revenues.
Asia travel sector is to boom in the coming decade. Expected share of global travel market is 22%.
Pearl Travel is a “global wholesaler for land arrangements & ground handling” in Tours & Travels. Operating from India and UK, serves its trade clients ranging from retail travel agents, tour operators, charter operators, holiday clubs and regional wholesalers, spread across 35 countries. The company’s regional coverage includes UK, Europe, India, U.S.A., Middle East, Far East, Africa and Australia.
The company has about 9000 travel agents across its operating countries (900 active users who contribute to revenues) and use its web-interface/billing system/multiple Fx rates and about 1500 hotels with which its deals (many more in the data-base).
The founder team of husband & wife (Jayesh and Rekha Ashar) each have more than 20 years of domain knowledge in this space; a robust technology solution interconnecting various travel agents and their entire process requirements across various service providers with a primary market of UK/Middle-East/India and South-East Asia markets of Hong-Kong/Indonesia/Malaysia.
The Company has recently started licensing its web-interface software to Travel Agents with the first license to an Egyptian travel agent besides the normal transaction revenues.
You will notice that there are quite a few Bn $ wholesalers in the developed nations and there has been niche acquisitions as well large aggregation in this space. India is yet to see such action except for the recent listings and earlier funding of B2C OTAs. We believe PEARL is a niche company with enormous growth potential since it already has served/serves various Travel Agents & Tour Operators in multiple countries with its own inventory of Hotels/Service apartments/local services etc. PEARL also specializes in FIT and MICE tour programs.
A detailed business plan mapping region/country-wise growth opportunities has been developed. In case of interest, the business plan can be mailed to your team.
Last year revenue - USD 1 million
Profitable @ 10% NP
Expansion capital of USD 2m is sought for capex and working capital. This will be deployed for upgrading current office infrastructure, recruitment, advertising, marketing at international trade fairs, bank guarantees to suppliers and upgrading e-commerce software.
Contact us on Merar if you are interested investor.