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Travel Money and Travel Tours launch new store in Madurai increase presence in the Southern Market

Author: Theodore Koumelis / Date: Fri, 08/09/2019 - 11:04
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Travel Money, Foreign Exchange Brand of FCM Travel Solutions and Travel Tours, the leisure travel brand of FCM Travel Solutions launch a brand-new store in Anna Nagar, Madurai taking the overall number of stores across India to 42 and 38 respectively.

Madurai, India -- Travel Money, Foreign exchange brand of FCM Travel Solutions and Travel Tours, the leisure travel brand of FCM Travel Solutions - Indian subsidiary of Flight Centre Travel Group Australia, is looking to widen their presence in Tamil Nadu with the launch of their newest store in Madurai. The store, hosting both the brands under one roof, was inaugurated by Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions. With this launch, Travel Money is present across 42 stores in India while Travel Tours is present across 38 outlets.

Travel Money and Travel Tours stores have been designed to give consumers a convenient access with an unbeatable pricing and service quality related to Foreign Exchange and Leisure Travel. The store at Anna Nagar offers a wide range of foreign exchange services such as Buying & Selling Foreign Currency, Multi-Currency Travel Card, Outward Remittances for Educational or Close Relative Maintenance and travel services by Travel Tours such as Domestic and International Flights, Customized and Group Holidays, Hotels, Car Transfers, Visa, Cruise vacations, Honeymoon packages, Adventure holidays and more.

Speaking about the store launch, Mr. Anand Menon, Brand Leader, Travel Tours, Leisure Travel Brand of FCM Travel Solutions, said, “We have seen a trend wherein more and more travelers from Tier II cities in southern India especially Tamil Nadu are booking international holidays contributing significantly to the growth in outbound travel from India. Expanding into such tier II markets has proven to be a growth driver for us. After Chennai and Coimbatore, we have seen an increase in visa applications from non or mini metro cities like Madurai. With an increasing number of Indians investing in unique holiday experiences, there has been a significant rise in queries and bookings. The launch of our 38th store is a big step in cementing our foothold in the southern market. Travel Tours has long been known for its quality of service offered and our mission is to provide not only the best service for the best prices but also to ensure that our clients have life changing travel experiences.”

Speaking about the development, Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions said, “With its pristine beaches and multi-cultural heritage Tamil Nadu has been attracting international visitors every year and is a strong market for foreign exchange. Being one the biggest hubs in the southern airlines sector makes Tamil Nadu a booming outbound market especially for regions like South-East Asia, Australia and New-Zealand. With this new store in Madurai, we want to address the high demands for forex and other related travel services. We look forward to servicing both inbound as well as a growing number of international travellers from Madurai. With the launch of our 42nd store, we are well on our way to expanding our foothold across key markets in Southern India.”

With the opening of this latest store the national reach for Travel Money is now at a total of 42 stores across India in all major cities including Delhi, Gurgaon, Mumbai, Pune, Ahmedabad, Chandigarh, Bangalore, Cochin and Thiruvananthapuram via a combination of owned branches and franchise outlets. Whereas Travel Tours’ current footprint extends to a total of 38 stores across Mumbai, Delhi, Chandigarh, Jalandhar, Ahmedabad, Vadodara, Pune, Bengaluru, Hyderabad, Kochi, and Anand via a combination of owned branches and newly opened franchise outlets. 

ABOUT THE AUTHOR

Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.