Panoramic Universal enters travel and tourism

Panoramic Universal Ltd has announced that the Company is now foraying into the world of travel and tourism. It has acquired a controlling stake in Hi-Flyers Travel Services Pvt Ltd, a travel agency catering to premium corporate and HNI clients. Sharekhan, Akruti Foundation, SSKI, Jain Irrigation, Supreme Industries, Boroughs India and several other Companies are its clients.

Hi Fliers is a full service travel outfit with a successful track record of a decade. It caters to international and domestic ticketing, package tours to popular destinations worldwide, forex services and other allied services like visa approvals, passport assistance etc.

"Panoramic has plans to launch a travel portal of its own very shortly. We intend to offer a comprehensive travel solution to our customer right from travel arrangements to staying in our own hotels" says Sudhir Moravekar, Chairman of Panoramic Universal Ltd. He added "We are also looking at acquiring travel agencies across USA and UK to capture the inbound as well as outbound tourism for all these three countries"

The Company owns and operates nine hotels in USA, India and New Zealand. Besides these it manages India's largest night club, AREA 51 in Pune. The Company is looking at expansion in the hotel portfolio in India through greenfield projects as well as acquisition of running hotels. It has short listed Jaipur, Panvel (Mumbai), Kumarakom (Kerala) Pune, Thane (Mumbai), Durgapur (West Bengal), Usgoan (Goa) and Hyderabad as the destinations for its hotel projects.