In order to consolidate its position in Indian outbound market to the Maldives, TravelBoutiqueOnline (TBO) Group recently acquired Bangalore-based Gemini Tours & Travels. TBO already acquired Island Hopper in 2019. Island Hopper has over 21% share of Indian travel market to Maldives.
As per the plan, Gemini Tours shall merge with Island Hopper which will help Island Hopper expand its presences not only in the South India region but also consolidate its position as a market leader.
Ankush Nijhawan, Co-Founder, TBO Group, said: “Gemini merger will help Island Hopper further expand its presence in South India Market and consolidate its numero uno position as an Island Specialist even further. This acquisition would also help in providing our customers more hotel options especially in the luxury segment in Maldives. Mr. Subbaram Mani & Mrs. Raji Subbaram are one of the pioneers promoting Maldives as a destination. They also have a great respect amongst the hotel partners in Maldives, which would further help Island Hopper deliver a better customer experience for its clients. Mr. Subbaram & Ms. Raji Subbaram will continue to work with Island Hopper heading its South India Business and operations for Island Hopper. Post a successful merger of Island Hopper with TBO Group, Island Hopper business has already grown more than 100% year on year for Island Destinations despite troubled Covid times and have been top supplier for most resorts across Maldives.
Subbaram Mani, Founder Gemini Tours & Travels, added: “Gemini and Maldives have always been our first love and to see where Gemini is today after 20 years of love, hard work and sweat is very comforting and gives great level of satisfaction. TBO is one of the fastest growing companies not only in India but worldwide. It gives us immense pleasure to be part of this 2 Billion USD multinational company and are looking forward to make our contribution towards the growth of TBO Group.”
