Indian airport services firm Travel Food Services (TFS) is accelerating its international growth strategy, targeting expansion into key markets across the Asia-Pacific region and the Middle East. The company, which operates airport lounges and food outlets, sees “significant long-term potential” in these regions, according to CEO Varun Kapur.
Current International Footprint
TFS already maintains a presence outside India, with operations in Malaysia and Hong Kong. The recent opening of a second Kyra Lounge at Hong Kong International Airport – a joint venture with SSP Asia Pacific and Airport Dimensions – demonstrates the company’s commitment to expanding its lounge network.
Strategic Expansion Plan
The company’s investor presentation details a proactive approach to entering new markets. TFS plans to establish ventures and subsidiaries in countries such as the United Arab Emirates (UAE) and Indonesia to drive growth. This suggests a preference for direct control over operations rather than relying solely on partnerships.
Domestic Growth Remains a Priority
The international push does not signify any retreat from the Indian market. During the October–December quarter, TFS launched new operations within India, highlighting its simultaneous commitment to both domestic and global expansion. This dual-track approach allows the company to diversify revenue streams and reduce reliance on any single market.
Why This Matters
This expansion is part of a broader trend of Indian companies aggressively pursuing international opportunities. The success of TFS’s strategy could set a precedent for other Indian airport services providers looking to capitalize on the growing demand for premium travel experiences in the Asia-Pacific and Middle East. The move also reflects the increasing sophistication of India’s hospitality sector and its ability to compete on a global scale.
In conclusion, Travel Food Services is strategically positioning itself to become a major player in the international airport lounge market by leveraging its experience in India and aggressively pursuing growth opportunities in high-potential regions. The company’s balanced approach ensures it remains competitive in both established and emerging markets.
