IBS Software, one of the top providers of SaaS solutions for the international travel sector, will examine additional business prospects in the airline sector and the loyalty program market in India, which is a "price sensitive market."

The company's founder and executive chairman, V K Mathews, expressed optimism about the future of the global travel industry by stating that the Indian market had enormous growth potential.

About 5,000 employees and 200 clients in the aviation, travel and cruise, hotel, and energy and resource sectors work for the Singapore-based Software as a Service (SaaS) solutions provider.

In India, IBS is putting IT solutions for Air India's personnel travel management and air cargo operations into place.

Mathews stated that the Indian market has enormous development potential and would continue to grow for the next 20 years, even if he acknowledged that China and India are the two countries where it has not been successful in comparison to other markets.

"In airline retailing, a lot of things can be from the airport but we provide retailing capabilities to airlines... for airports, we have solutions from a commercial aviation point of view. Departure controls, check in, cargo management, all of those things we do," Mathews said.

 

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According to its website, its customers include Emirates, British Airways, China Airlines, Cathay Pacific, Etihad, Japan Airlines, KLM, Lufthansa, Virgin Atlantic, Hyatt, Hilton, Chevron, ADNOC, and Royal Caribbean International.