The collaboration includes more than 340 Plaza Premium Lounges in over 70 major international airports into the DreamFolks global lounge network, offering an enhanced travel experience to its members worldwide starting July 24, 2023.

This collaboration will facilitate extensive coverage of Plaza Premium Lounges across 4 continents including key travel hubs such as Australia, Canada, the United Kingdom, Hong Kong, Florida, Brazil, Italy, Indonesia, Malaysia, Singapore, Dubai, Saudi Arabia, Jordan and more.

Liberatha Kallat, chairperson & managing director, Dreamfolks Services, said, "We are delighted to join hands with Plaza Premium Group and expand our global lounge network. The geographic reach that Plaza Premium Lounges offers is impressive and we are glad to showcase our offerings across newer lounges and diverse locations. The strategic collaboration marks an important step towards enhancing the global travel experience for all. With increased lounge coverage and access to an extensive network of touchpoints, travellers can look forward to enjoying unparalleled comfort and hospitality at key travel locations worldwide.”

Bora Isbulan, deputy-CEO at Plaza Premium Group, said, "This strategic collaboration enables PPG to further its mission to make travel better by curating unique airport hospitality solutions to travellers to meet the evolving needs of Indian travellers. Our goal is to make the airport experience a part of the journey you look forward to in India, we believe that the airport hospitality space presents a significant opportunity for growth, given the country's large population, rising purchasing power, and fast-growing outbound travel market."

Dreamfolks Services is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology driven platform.

The company's net profit jumped 181.74% to Rs 25.30 crore in Q4 FY23 as compared with Rs 8.98 crore in Q4 FY22. Revenue from operations surged 139.75% to Rs 237.75 crore in Q4 FY23 as compared with Rs 99.16 crore in Q4 FY22.

The scrip hit 52 week high at Rs 716.55 in intraday today.