IT and hospitality company Panoramic Universal has acquired a controlling stake in Hi-Flyers Travel Services, a travel agency.Hi-Flyers is a full service travel outfit providing international and domestic ticketing, package tours to popular destinations world-wide and forex services, among others.
“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,” Chairman of Panoramic Universal Sudhir Moravekar said in a filing to the Bombay Stock Exchange.
Apart from India, the company also owns and operates hotels in USA and New Zealand.
Panoramic Universal is looking for hotel projects in places like Jaipur, Hyderabad, Kumarakom (Kerala), Durgapur (West Bengal) and Panvel (Mumbai), the filing stated.
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