With 14.5% Revenue Growth and Strategic Expansion, India’s Leading Travel Aggregator is Reinventing Premium Travel Services
DreamFolks Services Limited, India’s largest travel and lifestyle services aggregator, has reported a 14.5% year-on-year (YoY) revenue growth in the first nine months of FY25. The company continues to strengthen its global presence, introduce new lifestyle services, and expand strategic partnerships with banks, travel-tech platforms, and enterprises, solidifying its leadership position in the industry.
The company’s banking partnerships have played a pivotal role in its growth, with several leading financial institutions onboarding DreamFolks after shifting from competitors. The strategic collaborations with MakeMyTrip and TBO underscore its commitment to integrating travel and fintech solutions into a seamless ecosystem. DreamFolks has also reinforced its dominance in credit and debit card-based lounge access, covering nearly 100% of domestic airport lounges in India. A Frost & Sullivan report states that DreamFolks holds over 90% market share in India’s lounge access segment through banking programs, making it an undisputed leader in this space.Beyond lounges, DreamFolks is evolving into a comprehensive travel and lifestyle service provider. The company has expanded into exclusive Meet & Assist programs at global airports, introduced baggage wrapping services, and launched food & beverage partnerships in malls, further diversifying its portfolio. The company is also tapping into visa concierge services, golf access, wellness packages, and highway dining options, positioning itself as a one-stop travel solutions provider. This diversification places DreamFolks in direct competition with global players such as Priority Pass (Collinson Group) and Plaza Premium Group, reinforcing its ambition to lead in premium travel services.
Expanding internationally, DreamFolks has added 16 new global airport lounges, extending its reach across 100+ countries. The company has further strengthened its presence with 18 new airport F&B outlets in the Middle East and established partnerships across 380+ airport terminals worldwide, providing travelers with enhanced premium experiences. Domestically, DreamFolks has increased its lounge footprint, launching new airport lounges at Ayodhya Airport and Goa Dabolim Airport, bringing its total count in India to 76 lounges.
Liberatha Kallat, Chairperson and Managing Director of DreamFolks, highlighted the company’s evolving strategy in the travel ecosystem. She emphasized that DreamFolks is no longer just a lounge aggregator but a comprehensive travel and lifestyle service provider, aiming to integrate luxury, convenience, and accessibility across multiple verticals.
“Our vision extends beyond airport lounges. We are integrating premium lifestyle experiences, offering end-to-end solutions that enhance the travel journey. With strong partnerships and a growing global presence, DreamFolks is redefining how people experience travel and lifestyle services,” said Kallat.
Despite structural changes in spend-based access programs by banks, DreamFolks continues to outperform market trends. The revenue contribution from services beyond airport lounges has risen to 6.9% in 9MFY25, compared to 5.2% in 9MFY24, reflecting the company’s focus on diversification. With gross margins remaining within its 11-13% FY25 guidance, the company is well-positioned to navigate the evolving banking landscape and optimize customer experiences.
Looking ahead, DreamFolks plans to further enhance its proprietary technology platform, ensuring seamless integration for financial institutions, travel platforms, and premium service providers. The company is also exploring additional lifestyle verticals, including luxury concierge services and high-end retail partnerships, as part of its broader strategy to redefine travel aggregation.
With a global footprint spanning 3,000+ touchpoints in over 100 countries, DreamFolks is setting new standards in the travel services industry. Its ability to continuously innovate, expand, and deliver premium experiences ensures that it remains a key player in India’s rapidly growing travel-tech sector.
DreamFolks Services Limited is India’s leading travel and lifestyle services aggregator, offering lounge access, meet & assist services, airport transfers, duty-free benefits, wellness experiences, and more. The company partners with major banks, airlines, and corporate enterprises to enhance premium customer experiences. Listed on BSE (543591) and NSE (DREAMFOLKS) since September 2022, DreamFolks continues to expand its domestic and international network, solidifying its position as a market leader.
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