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'Leisure travellers returning to India'
Mint Mumbai
|August 30, 2023
International leisure travellers are gradually returning to India, Australia’s Intrepid Travel, which offers services to small groups of travellers for overseas vacations, said. India is the company’s second largest market where tourists from Australia, the US, and the UK arrive in large numbers.
In 2021, France-based family office Genairgy, owned by Julien Leclercq, a board member and shareholder of global sports retailer Decathlon, had picked up a significant minority stake of 30% in Intrepid.
Chief executive officer James Thornton, who was on a visit to India recently, said Intrepid is anticipating global revenue of A$600 million with India accounting for the second largest number of trips.
While its India revenue has touched pre-covid levels in dollar terms, tourist footfall is yet to recover, said Thornton.
This story is from the August 30, 2023 edition of Mint Mumbai.
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