Panoramic Universal Ltd. has acquired the business of Futures Travels, a travel agency based in the heart of New York City, with operations dating back to over 30 years. The acquisition has been undertaken by Panoramic through its wholly owned subsidiary in USA.
This acquisition marks the company's diversification in US business, where it already owns five hotels, with 900 rooms under operation.
Working in close association with 600 small and big businesses, Futures Travels has served till date more than 15,000 customers, with a turnover of USD 10mn. It is the numero uno consolidator with Air India and Kuwait Airways, and has a large business with other airlines such as Delta, Air France, Lufthansa, British Airways, American Airlines etc. specializing in customized worldwide tours for Asian ethnic groups based in USA and other countries, summer tours, educational packages and honeymoon tours.
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