TBO Groupâs Island Hopper to consolidate its position with acquisition of Gemini Tours & Travels
By TBM Staff | Mumbai
TBO Groupâs Island Hopper has acquired Bengaluru-based Gemini Tours & Travels, a DMC for Maldives. With its first successful buy out in 2019, Island Hopper already enjoys over 21% share of Indian travel market to Maldives. Gemini Tours & Travels shall merge with Island Hopper which will help the latter expand its presence not only in South India, but also consolidate its position as a market leader.
Ankush Nijhawan, Co-Founder, TBO Group, said, âThe Gemini merger will help Island Hopper further expand its presence in South India, 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. Subbaram Mani and 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. They 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, its business has already grown more than 100% year-on-year for island destinations despite troubled Covid times, and has been top supplier for most resorts across Maldives.â