TBO Group consolidates Maldives travel market, acquires competitor

Further consolidating its position in the Indian tourism industry with regard to travel to the Maldives, Travel Boutique Online Group recently acquired Bengaluru-based Gemini Tours and Travels. 

To recall, TBO Group had in 2019 acquired Island Hopper, which had over 21% share of the Indian travel market to the Maldives. 

TBO Group intends to merge Gemini Tours & Travels with Island Hopper, which will expand its presence not just in the southern India region but also consolidate its position as a market leader. 

Ankush Nijhawan, the co-founder of 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 the Maldives." 

"Subbaram Mani and Raji Subbaram (Gemini Tours & Travels founders) are among the pioneers promoting the Maldives as a destination. They also have great respect amongst the hotel partners in the 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, Island Hopper business has already grown more than 100% year on year for island destinations despite troubled Covid times and have been a top supplier for most resorts across the Maldives."

• Maldives
• TBO Group
• Gemini Tours & Travels
• travel market
• travel destination