DreamFolks to diversify beyond airport lounges

Firm aims for margin growth from its new ventures

- ROSHNI SHEKHAR

DreamFolks Services, a BSE-listed travel and lifestyle experiences company, is pinning its next growth phase on diversification to railway lounges, social clubs, golf games and lessons, highway dining, coffee at malls, and spa & weliness, among others, after moving out of the domestic airport lounge services segment in September.

The Gurugram-based company was the largest provider of airport lounge access services domestically, where it became a third party platform between lounge operators and banks, allowing credit card holders to use airport lounge services. It discontinued the service in India after a legal battle with Encalm Hospitality, which wanted to deal with banks directly. Separately, Adani Airports Holdings started access to lounges directly through its in-house platform Adani OneApp in partnership with other lounge operators.