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International Travel House


International Travel House provides travel related services to corporate clients.  It is an associate of ITC Limited (ITC).

It provides air ticketing, car rentals, inbound tourism, holidays packages, conference, events and exhibition management services to companies and conference organisers.  However, about half of revenues are generated from ITC.

The company reported consistent growth in revenues and operating profits over the last five years – reporting 35cr in operating profits on revenues of over 160cr in the last twelve months.  It operated with no net debt as at 31st March, 2012.

The business is exposed to all the adverse factors impacting air travel including affordability, high fuel prices (both intrinsic and as a result of INR depreciation), government taxes, economic downturns, natural disasters, terror attacks, etc.

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