TBO Teck Overview
– operates an online platform- Travelboutiqueonline.com (TBO) and offers service in B2B segment
– IATA registered ticketing agency
– portal earns majority revenues from airline and hotel reservation
– Air Ticketing ~22%, Hotel and Packages ~68%, Other Services ~2%, Air Ticketing ~3%, Hotel and Packages ~5%
– Services over 20,000 travel agents and has tie up with 7+ lakh hotels across 47+ countries
– 45,000+Annual Transacting buyers and majority of its Gross Merchandise Value comes from Indian and Dubai operations
– Overseas Presence include Saudi Arabia, UAE, Kuwait, Qatar, Brazil, Egypt, China and USA
Investment Rationale – Trend Surge Setup where price has broken the downward momentum and has the potential to go back to swing high