5 days ago
Travel Food Services Targets 25–30% Growth as Traffic Recovers
Travel Food Services sells food and provides services for travelers.
The company expects its business to grow by 25–30% as more passengers return to travel.
It is planning to open 50 new outlets.
Many of these outlets will be connected to airports.
Extra services for passengers already add 8–10% to the company’s business.
The company also sees highways as a future growth area.
Highways currently provide less than 1% of its revenue.
The company believes that share could grow to the higher single digits in five to seven years.
Travel Food Services expects 25–30% growth as passenger traffic recovers.
CEO and Managing Director Varun Kapur said 50 new outlets are in the pipeline.
The company is expanding its presence across airports.
Ancillary passenger services contribute 8–10% of additional business.
Highways currently generate less than 1% of revenue but could reach the higher single digits within five to seven years.
- Who
- Travel Food Services and its CEO and Managing Director, Varun Kapur.
- What
- The company expects 25–30% growth, plans 50 new outlets, and is expanding its airport footprint.
- Where
- Airports and highways.
- When
- The highway revenue share could reach the higher single digits in five to seven years.
- Why
- Passenger traffic is recovering, supporting growth in the company’s travel-related business.
Key facts
- Expected growth
- 25–30%
- New outlets planned
- 50
- Additional business from ancillary passenger services
- 8–10%
- Current highway revenue contribution
- Less than 1%
- Potential highway revenue timeline
- Five to seven years
- Potential highway revenue contribution
- Higher single digits
Sources
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