UHM Vacation Limited has entered into a B2B agreement with Itrip LLC, a Riyadh-based entity, to expand its footprint in international travel services. The partnership, announced on August 17, 2026, positions UHM Vacation as a Destination Management Company (DMC) providing hotel accommodation and related travel services for resale by Itrip through its business-to-business and business-to-consumer channels.

The agreement focuses on operational integration through an Extranet platform, allowing for the sharing of inventory, real-time availability, and bookable rates. This technical linkage is designed to streamline the booking process for Itrip’s clients while ensuring UHM Vacation’s inventory is visible and accessible in real time.

Deal Structure and Terms

The commercial terms of the agreement specify that rates will be provided in US dollars on a net and non-commissionable basis. This pricing structure implies that Itrip will purchase the services at a fixed net rate and manage its own margin on the resale to end customers, rather than paying a commission on top of rack rates.

Key operational components of the contract include:

• Applicable payment terms between the two entities.
• Defined booking and cancellation procedures.
• Clear allocation of operational responsibilities.

The agreement has an initial validity period of one year from the effective date. It includes an automatic renewal clause for successive one-year terms unless either party terminates the arrangement in accordance with the specified terms.

Strategic Implications

UHM Vacation stated that the agreement was entered into in the ordinary course of business. The company expects the partnership to strengthen its relationships with international B2B partners and contribute to its broader travel and tourism business segment.

By partnering with a Saudi-based entity, UHM Vacation is targeting the growing travel demand from the Middle East region. The use of USD for transactions aligns with standard international trade practices for travel services, mitigating currency risk for the Indian provider against the Indian rupee.

The disclosure was made pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the BSE Limited and shareholders of the material development.

UHM Vacation Limited will participate in the Travel & Tourism Fair (TTF) Mumbai 2026, one of India's leading travel trade exhibitions. The event is scheduled to take place from August 20, 2026, to August 22, 2026, at the Jio World Convention Centre in Bandra Kurla Complex, Mumbai.

The company disclosed this participation pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on August 17, 2026, by Sanchita Dad, Company Secretary of UHM Vacation Limited.

Event Details

The exhibition provides a platform for the company to engage with various stakeholders in the travel and tourism sector. Key participants include travel agents, tour operators, destination management companies (DMCs), hospitality partners, airlines, tourism boards, and corporate travel service providers from both domestic and international markets.

Strategic Objectives

UHM Vacation aims to use the event to strengthen its business-to-business (B2B) network and enhance brand visibility. The company plans to showcase its travel technology platform, products, and service offerings to industry participants.

Key objectives include:

• Fostering strategic collaborations with key stakeholders.
• Exploring new business opportunities across domestic and international markets.
• Identifying potential partnerships to expand market presence.
• Facilitating knowledge exchange and discussions on emerging trends in the travel sector.

The company intends to engage meaningfully with prospective business associates to drive future growth through these interactions.