Panoramic buys travel agency in NY

Mid-market segment hospitality firm Panoramic Universal is now planning to enter the US travel market by acquiring the business of Future Travels,a New York-based travel agency, for $800,000.

Future Travels is said to be the biggest consolidator of Air India and Kuwait Airlines, and has association with 600 small and big businesses serving more than 15,000 customers and a turnover of $10 million.