Global loyalty and benefits firm Collinson has announced a multimillion-dollar investment in India to fuel the growth of its Priority Pass airport experiences programme, as well as to boost its technology capability with the help of local partners.
Priority Pass will see a doubling of its lounge portfolio in India over the next three years, building on its current portfolio of 45 airport lounges in 20 Indian cities. Globally, Priority Pass has a network of more than 1,200 lounges and airport experiences.
Collinsonâ€™s wholly-owned and operated airport infrastructure business, Airport Lounge Development (ALD), is also working with airports across India to identify opportunities to open its own exclusive lounges and airport amenities. Already established in the airport lounge space in US and Europe, ALD will be bringing its business model to the Indian market.
The company’s investment in Indian airport experiences is part of a global vision to enhance its offering to more than 30 financial services clients in India and more than 1,400 banks globally.
David Evans, joint CEO of Collinson, said in a statement: â€œIndia is a vital market and one we see on a par with China in terms of growth potential. With 1.7 billion domestic passengers having flown in 2017 and outbound travellers expected to reach 50 million by 2020, the influence of the Indian traveller is only going to increase.
â€œWe look forward to building out our lounge inventory and our own airport infrastructure, creating more locally relevant propositions and further strengthening our team on the ground with additional skilled local resource, and partnering with Indian businesses to redefine the airport experience for the benefit of domestic and international travellers,” he added.