Indian Airport Services Operator Eyes Asia-Pacific and Middle East Expansion
Photo Credit: The 080 Lounge at Bengaluru Airport operated by TFS. Travel Food Services
Skift Take
Travel Food Services' strategy for international expansion shows that Asia is the growth story for aviation. And food is set to bring revenue, regardless of whether passenger traffic surges or not.
Indian airport and lounge operator Travel Food Services is planning to expand its presence outside India. The company is “actively pursuing lounge opportunities” in the Asia-Pacific and Middle East regions, Managing Director and CEO Varun Kapur said in its latest earnings call.
These are the markets where the company sees “significant long-term potential,” he added.
Travel Food Services already operates internationally in Malaysia and Hong Kong. It recently opened its second Kyra Lounge at Hong Kong International Airport in partnership with SSP Asia Pacific and Airport Dimensions.
In its investor presentation, the company outlined how it plans to enter new markets. The strategy includes forming ventures and subsidiaries “such as in UAE and Indonesia” to grow its global lounge business.
The overseas push does not mean the company is stepping back from India. During the October–December quarter, Travel Food Services started operat
