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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
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