MUMBAI, 15th November, 2007: Mercury Travels, an established end to end travel related services provider, has announced the acquisition of Teztair Travels to enhance its share in corporate travel management. Teztair Travels, a multifaceted travel company with a strong focus on business travel management of leading Indian and multinational banks and corporate companies, was spearheaded by Pilloo Vandrevala for 25 years who will be involved in the future by contributing to Mercury Travels business development initiatives.
"Through the acquisition of Teztair Travels, corporate travel volumes will be consolidated resulting in improved efficiencies, lower operating costs and enhanced revenues. It will benefit existing and future customers in this increasingly competitive marketplace" says Ashwini Kakkar, Executive Vice-Chairman, Mercury Travels.
The sharp increase in business travel has made travel management a strategically important service. Worldwide research shows travel related expenditure is the second largest controllable expense and hence the growing focus on deriving best value for travel spends. The acquisition enables Mercury Travels to optimize operational costs and to realize better buying opportunities which will benefit the customer. The company will also extend its leisure travel and foreign exchange services to the acquired client base.
For further details please contact us at media@mercurytravels.in
Mercury Travels is a 60 year old travel services company set up by EIH Ltd that owns the Oberoi Group of Hotels. Since 2006, Mercury Travels is a joint venture between EIH Ltd and Mr. Ashwini Kakkar, Executive Vice-Chairman and renowned travel industry professional. Mr. P. R. S. Oberoi is the Chairman of the company. Mercury Travels has an extensive network of 15 offices across 12 cities in India and international offices in Frankfurt, Hamburg and New York.
Mercury Travels is the leading independent inbound tour operator in India. The company has launched its Outbound Leisure Holiday program offering customized holidays to over 60 countries. Mercury Travels also has a strong presence in the Corporate Travel, Foreign Exchange, MICE, Travel Insurance and Cargo businesses.
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