Russian group buys Thai agency
RUSSIAN hospitality group PGS International has acquired a majority share in Thai-based T Traveller2000, following the group's establishment of PGS Hotel subsidiary in January.
Now rebranded as Pegas Touristik, the agency's Bangkok-based general manager Kubilay Atac told TTG Asia e-Daily the move reflected the group's commitment towards Thailand. There was an unprecedented growth in Russian passengers since Pegas entered the market in the 2005/2006 high season, he said.
He added that Pegas chose to invest in T Traveller2000 instead of establishing a new company due to the long-term partnership between the two and its trust in the Thai partner's resources and operations.
T Traveller2000 was groundhandler for Pegas for five years.
PGS also owns Moscow-based Nordwind Airlines, which operates regular charter services from Russia to European and Asian destinations, including Bangkok and Phuket in Thailand.
(Sources: Sirima Eamtako, Bangkok, TTGAsia)
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