TBO Group’s Island Hopper has acquired Bengaluru-based Gemini Tours & Travels, a DMC for the Maldives. With its first successful buy-out in 2019, Island Hopper already enjoys over 21% share of the Indian travel market to the 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, “The 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 the Maldives. Subbaram Mani and Raji Subbaram are one of 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, its business has already grown more than 100% year-on-year for island destinations despite troubled Covid times, and has been a top supplier for most resorts across the Maldives.”
Subbaram Mani, Founder Gemini Tours & Travels, added, “Gemini and Maldives have always been our first love, and to see where Gemini is today after 20 years of love, hard work and sweat is very comforting and gives us a great level of satisfaction. TBO is one of the fastest-growing companies not only in India but worldwide. It gives us immense pleasure to be part of this USD 2 billion multinational company, and we are looking forward to making our contribution towards the growth of TBO Group.”
