TravelAgentMall.com, a B2B travel portal introduced in February this year has delayed plans for its global expansion. Currently operational in India and USA, the company now aims to start operations in Italy, UK, Australia and Middle East by October this year. Initially, the company planned to have a global presence by June this year, as reported by TravelBiz Monitor on March 25, 2008. Explaining the cause of delay, Vikas Kannan, Head – Marketing, Global, TravelAgentMall.com said, “The delay was mainly due to technical problems and we now target at starting operations in UK, Australia, Italy and Middle East by October this year. The deals with consolidators of these countries are already finalised.” After entering the listed countries, the portal is also considering expansion to China, Singapore, Malaysia, Indonesia and Thailand by next year. With an investment of Rs 2.5 crore (approximate), TravelAgentMall.com aims to touch a turnover of Rs 400 crore by March 2009. |