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Tuesday January 3rd 2017: Bandaranaike, Flemingo Duty Free offers 20% discount for ComBank ...

Thursday may 12th 2016: mumbai, airport retail store operator flemingo to take off ..., tuesday november 8th 2016: chennai, flemingo unveils go duty free store at chennai int ..., monday november 7th 2016: chennai, all systems go for flemingo duty free as it launch ..., wednesday november 9th 2016: chennai, flemingo makes headway with african shops revamp, friday october 14th 2016: chennai, flemingo secures jet airways inflight contract, tuesday july 26th 2016: srilanka, flemingo duty free partners with sri lankan airlin ..., tuesday august 23rd 2016: bangalore, flemingo partners wild tiger in chennai and kolkat ..., friday january 20th 2017: mumbai, flemingo international awarded indian duty-free co ..., monday february 29th 2016: mumbai, flemingo/dfs open pernod ricard lux unit, monday october 24th 2016: mumbai, competition stiffens between harding and starboard, wednesday november 9th 2016: kolkata, duty-free shops return to airport - dubai-based fi ..., thursday november 1st 2018: mumbai, flemingo foundation brings technology support to c ....

Flemingo International is a global duty free and travel retail operator with a focus on emerging markets.

Nearly two decades ago, realising the potential in the trade routes between East Africa and the Middle East, Flemingo opened its first outlet in Africa and its distribution business in Dubai. This was followed by further expansion in Africa. In 2003, Flemingo entered Asia with its first outlet in India.

In 2010, Flemingo acquired Baltona and entered the European region followed by the acquisition of Iris Ekspres, the Turkey based In-flight duty free operator. In 2013, Flemingo acquired Chacalli-De Decker, a specialist in the supply of duty and tax free goods to diplomats, UN organisations and military missions. In 2014, Harding Retail became part of the Flemingo group. Today, Flemingo is present in 34 countries with over 200 operations in Asia, Africa, Europe and LATAM

Flemingo operates across different formats like duty free shops in airports, cruise ships, borders, downtown, seaports; UN commissary shops, diplomatic duty free in addition to inflight supply as well as convenience stores, food & beverage and luxury retail outlets at airports.

2B BY 2020 To reach $2 Billion Sales by 2020

To be the preferred international travel retail & duty free company for all our customers, clients and investors alike. To continue to build upon a service-oriented culture driven by highly motivated and focused teams that specialise in separate departments. To continue to develop the skills of our employees and providing them with unending opportunities to learn & grow at Flemingo.

Our 5 core company values that help us adhere to international standards and consistency in business:

Passion - People - Agility - Trust - Integrity

The journey of thousand miles begins with one step. Over the years, Flemingo has expanded its foot print globally.

1997 - Flemingo was established

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Adani Airport Holdings to acquire 74% stake in Flemingo Travel Retail, MTRPL

On completion of the transaction,aahl will subscribe to 28.49 lakh equity shares for an aggregate investment of rs 2.84 crore.

• Updated Sep 23, 2021, 2:38 PM IST

Adani Enterprises announced on Thursday that its subsidiary, Adani Airport Holdings has inked a share subscription agreement with Flemingo Travel Retail Private Ltd. and Mumbai Travel Retail Private Ltd. (MTRPL) "for the purpose of strategic partnership to operate duty-free outlets in airports and seaports."

On completion of the transaction, Adani Airport Holdings (AAHL) will subscribe to 28.49 lakh equity shares of face value of Rs 10 each constituting 74% of the share capital of MTRPL on a fully diluted basis for an aggregate investment of Rs 2.84 crore.

Also Read:  Maharashtra cabinet approves transferring Mumbai Airport's ownership to Adani Airport Holdings

Adani Enterprises' shares jumped 3% intraday following the announcement. The company's shares were trading at Rs 1,476.35, up Rs 38.60, or 2.68 % on the BSE in the afternoon trade on Thursday. 

The scrip had hit a 52-week high of Rs 1,717.20 and a 52-week low of Rs 257.50 on June 7, 2021, and September 22, respectively.

The company had on Tuesday said that it will invest $20 billion over 10 years in the renewable energy supply chain, comprising power generation, manufacturing, transmission, and distribution.

Gautam Adani, chairman, Adani Enterprises said the company aims to triple its renewable power generation capacity over the next four years. 

The company presently has 12.5 Gw of installed and  Gw of planned thermal power capacity.

Also Read:  Adani Group initiates talks to spin off airport biz, launch IPO

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Flemingo travel retail gets sebi nod for rs 2,600 crore ipo.

The company had filed its draft papers with Sebi in February and received its "observations" on June 22.

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Flemingo Travel Retail gets Sebi's go ahead to float Rs 2,600-cr IPO

The company had filed its draft papers with the Securities and Exchange Board of India (Sebi) in February and received its "observations" on June 22, which are necessary for every firm to launch public issue, latest update with the markets watchdog showed.

Flemingo Travel Retail, a leading duty-free and travel retail operator, has received capital markets regulator Sebi's go ahead to garner Rs 2,600 crore through an initial share-sale. With this, the total number of companies getting clearance from the Sebi to float initial public offer (IPO) this year has reached 29 so far.

Going by the draft prospectus, Flemingo will issue fresh shares worth Rs 2,423 crore besides an offer for sale of 11,29,500 scrips by one of its subsidiary Flemingo Duty Free Shop Mumbai Pvt Ltd.

According to merchant banking sources, the IPO size is estimated to be Rs 2,600 crore.

The money raised through the public issue will be utilised towards "acquisition of 100 percent of the equity interest in Flemingo International (UK) Ltd from corporate promoter, Flemingo International."

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Further, funds will be used to buy all shares of Flemingo Dutyfree Shop Private Ltd from Flemingo International, certain individual members of promoter Group -- Viren Ahuja, Arjun Ahuja and Karan Ahuja, and Symbolic Infra Projects.

ICICI Securities, Yes Securities, Axis Capital, Credit Suisse Securities and HSBC Securities and Capital Markets will manage the company's public issue.

Flemingo is a global travel retailer with a leading position in Indian and Sri Lanka travel retail markets, where it operates core duty-free stores and the aggregate retail area of core duty-free stores.

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₹ 2,600 crore IPO" data-reg = "Flemingo Travel Retail gets Sebi’s go ahead to float ₹ 2,600 crore IPO">Flemingo Travel Retail gets Sebi’s go ahead to float ₹2,600 crore IPO

Flemingo will issue fresh shares worth ₹2,423 crore besides an offer for sale of 11,29,500 scrips by one of its subsidiary flemingo duty free shop mumbai pvt ltd.

New Delhi: Flemingo Travel Retail, a leading duty-free and travel retail operator, has received capital markets regulator Sebi’s go ahead to garner ₹ 2,600 crore through an initial share-sale.

With this, the total number of companies getting clearance from the Sebi to float initial public offer (IPO) this year has reached 29 so far. The company had filed its draft papers with the Securities and Exchange Board of India (Sebi) in February and received its “observations" on 22 June, which are necessary for every firm to launch public issue, latest update with the markets watchdog showed.

Going by the draft prospectus, Flemingo will issue fresh shares worth ₹ 2,423 crore besides an offer for sale of 11,29,500 scrips by one of its subsidiary Flemingo Duty Free Shop Mumbai Pvt Ltd. According to merchant banking people in the know, the IPO size is estimated to be ₹ 2,600 crore.

The money raised through the public issue will be utilised towards “acquisition of 100 per cent of the equity interest in Flemingo International (UK) Ltd from corporate promoter, Flemingo International."

Further, funds will be used to buy all shares of Flemingo Dutyfree Shop Private Ltd from Flemingo International, certain individual members of promoter Group—Viren Ahuja, Arjun Ahuja and Karan Ahuja, and Symbolic Infra Projects. ICICI Securities, Yes Securities, Axis Capital, Credit Suisse Securities and HSBC Securities and Capital Markets will manage the company’s public issue.

Flemingo is a global travel retailer with a leading position in Indian and Sri Lanka travel retail markets, where it operates core duty-free stores and the aggregate retail area of core duty-free stores.

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Manishi Sanwal to depart Flemingo Travel Retail; New role for Thimmayya

By Andrew Pentol | Wednesday, 14 August 2019 12:24

Flemingo Travel Retail CEO Manishi Sanwal has acquired a controlling stake in Bangalore-based company Voiceback Technologies.

Flemingo Travel Retail CEO Manishi Sanwal is to leave the company and start his own business in the field of data analytics, effective 16 August.

Sanwal will remain with the company until 31 August to facilitate a management handover. He will then be replaced by Flemingo Duty Free CEO P.K. Thimmayya, who has been instrumental in developing the company’s Colombo Bandaranaike Airport operations.

Since joining the company around seven years ago, Sanwal has successfully led Flemingo Travel Retail Ltd (formerly DFS India PVT. Ltd) in the Indian Sub-Continent and was responsible for establishing Mumbai Duty Free in the new Terminal 2 at Mumbai Chhatrapati Shivaji International Airport.

LEADERSHIP ROLES

Prior to joining Fleming, he held various leadership roles with French luxury goods company LVMH in India and China. While working at LVMH, he launched Tag Heuer watches in India in 2002 and was responsible for the brand’s success in the Indian Sub-Continent.

His new company, Voiceback Technologies, in which he has acquired a controlling stake provides data analytics-based solutions to business problems. Based in Bangalore, the company has a strong market research and analytics background, backed by experienced leadership and a team of data scientists and engineers.

Sanwal told TRBusiness: “For many years I have wanted to do something on my own, but been faced with various challenges which have demanded my full attention. Eventually, however, you come to a point where if you are going to do something on your own it has to be done now. Otherwise it will not happen at all.”

He added: “I don’t want to look on life and grumble about not taking the jump when I should have done.”

Reflecting on his time with the company, Sanwal commented: “A lot of good things have happened, but when I look back, I will be prouder of the things which were done for the first time.”

Manishi Sanwal pictured with Indian actor, film producer and television personality Shah Rukh Kahn during a Mumbai Duty Free Bollywood campaign.

Initially, Sanwal was unsure exactly what he would do next once discussions over his departure commenced. He recalled: “I knew I did not want to open a store, join a competitor or get into something I have been doing all my life.

“During this period, I saw a big opportunity with data analytics for business. There are a lot of companies doing this, which either understand the technology very well, but not the way business is done, or understand the business very well, but not the technology.”

Sanwal, who looks set to move to Bangalore from where he will handle the Delhi, Mumbai and Bangalore sides of his new venture, will benefit from the experience of working for a data-centric company. “In Mumbai, we do a lot of analysis in-house and look into many things minutely before deciding what to do.”

Since joining Flemingo around seven years ago, Manishi Sanwal has been instrumental in establishing Mumbai Duty Free in the new Terminal 2 at Mumbai Chhatrapati Shivaji International Airport.

Atul Ahuja, Group CEO, Flemingo International commented: “Manishi has been a strong pillar of growth for Flemingo. In his tenure, he has given good growth, diversified into several new directions, fought challenging battles and kept team spirit high. It was a difficult decision to let him go, but I wish him all the very best for his future endeavours.”

He added: “P.K.Thimmayya joins us from within the Flemingo group itself. He has been instrumental in establishing and developing the Colombo operations, which deliver one of the highest retail sales per square foot for Flemingo.

“We hope to leverage the learnings of Colombo in our Mumbai and India operations and wish him success and growth in Mumbai and India.”

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Duty-free, travel retail chain Flemingo Travel Retail files for IPO

By Ankit Doshi

• 15 Feb 2018

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Upcoming IPO- Flemingo Travel Retail IPO

Flemingo travel retail company profile:.

In 2003, Flemingo entered Asia with its first outlet in India. Flemingo acquired Baltona in 2010 and entered the European region followed by the acquisition of Iris Ekspres, the Turkey-based In-flight duty-free operator. Flemingo acquired Chacalli-De Decker in 2013, a specialist in the supply of duty and tax-free goods to diplomats, UN organizations and military missions. In 2014, Harding Retail became part of the Flemingo group. Today, Flemingo is present in 34 countries with over 200 operations in Asia, Africa, Europe, and LATAM. Flemingo operates across different formats like duty-free shops in airports, cruise ships, borders, downtown, seaports; UN commissary shops, diplomatic duty-free in addition to in-flight supply as well as convenience stores, food & beverage and luxury retail outlets at airports.

Flemingo Travel Retail IPO Promoters:

Atul Ahuja and Flemingo International Limited.

Flemingo Travel Retail IPO Details:

Flemingo Travel Retail IPO Registrar: Link Intime India private limited.

Flemingo Travel Retail IPO Allotment Status: The issue date is not released yet; the allotment status is not out. The allotment status will be announced about 2 -3 weeks of the IPO issue date.

Flemingo Travel Retail IPO Grey Market Price, Rates, GMP Premium:

Flemingo Travel Retail Grey Market price not known.

Flemingo Travel Retail IPO Price Brand: The IPO price band will be known after the offer price is released.

Flemingo Travel Retail IPO Issue Size: Flemingo Travel Retail Issue size is expected around Rs.2500 crores. But the actual number to be updated soon.

Flemingo Travel Retail IPO Equity Shares Offerings: The Equity Shares is not released yet.

Flemingo Travel Retail IPO lead Managers: The details of the IPO lead Managers are not known yet. It will be known after the company releases the draft red herring prospectus.

Flemingo Travel Retail Financials:

Flemingo travel retail ipo subscription details:, related articles more from author.

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Luxury From Across The Globe At Your Favourite Duty-Free Store

Flemingo is proud to offer a world class shopping experience matched with delightful customer service, in a store that is luxurious and accessible.

World-Wide Presence, Personal Touch In Service

Global offerings, premium experience at your service, from ceo's desk.

As you navigate our website, I hope you learn more about our traits that make us a leading travel retail Organisation in the emerging market with an outstanding relationship history with global brands and customer alike. We have earned the trust and respect of all stakeholders for one simple reason - we have great people. They are experts in their fields. They bring a strong professional service ethos to everything they do. We bring passion, pride and experience together.

Welcome to Flemingo!

As you navigate our website, I hope you learn more about our traits that make us a leading travel retail Organisation in the emerging market with an outstanding relationship history with global brands and customer alike.

We have earned the trust and respect of all stakeholders for one simple reason - we have great people. They are experts in their fields. They bring a strong professional service ethos to everything they do. We bring passion, pride and experience together.

We operate in many of the most demanding environments in the world and our global reach means that we can support our business wherever needs require. At Flemingo, we have earned a reputation for delivering world class travel retail experience across the globe that truly make a difference. Flemingo’s corporate culture is defined by a simple set of corporate values that define how we operate every single day – Passion - People - Agility - Trust – Integrity. They reflect how we interact with our stakeholders, our colleagues, and our communities.

I hope this provides you with a few reasons to get to know Flemingo Enterprises better. Whether you are a Brand owner, supplier, potential customer, business partner, or a future employee, we look forward to finding out how we can work together to bring excellence in travel retail.

Mahendra Thakar

Chief Executive Officer ME & Africa

Kenya (UNC)

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Burundi ( Bujumbura DDF)

Kosovo (UN PKF)

Our Presence

Our locations, worldwide presence, about flemingo.

Flemingo Enterprises is a global duty-free and travel retail operator with a focus on emerging markets. We are currently operating in 20 countries with over 300+ stores in Asia, Africa, Europe and Latin America. At Flemingo Enterprises, we wish to bring all that the world has to offer to our stores and customers.

Our Business

Flemingo Enterprises FZCO is one of the leading and fastest-growing travel retail organisations. We focus on emerging markets and currently, we are spread across 20 countries in Asia, the Middle East and Africa. Our customer-first culture and commitment to enhancing the skill set of our

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A History of Moscow in 13 Dishes

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A trip to Moscow

I'm going to organize a trip this summer. I want to plan everything. I’ll fly from London to Moscow, and I also want to visit St. Petersburg. Could you, please, advise me what places I should visit? I’ll stay in Moscow for about 10 days before going to St. Petersburg. Thank you!

Not a country I’d be spending my money in at the moment.

Ditto. Ditto!

I don't really see the point of shunning a country because you don't agree with its leader and/or its government. Would you go to Italy? China? Tourist dollars are more likely to get into the hands of the people rather than any corrupt bureaucracy and meeting friendly tourists might just change the locals opinions of foreigners and even give them some information they don't get from local news media.

Hopefully , I won't be starting a war here , but I must say I agree with Chani's comments . Having taken three year visas in 2015 , we have been to Moscow and St; Petersburg ( once to Moscow , and twice to St Petersburg ) . The History , Art , Music ( I am a classically trained musician ) and Culture , fascinate us . Much to experience there and advance preparation is essential , To get a good grounding for your visit , read this lavish and detailed book by Suzanne Massie , it's one of the best ways to immerse yourself in what you will experience - https://www.amazon.com/Land-Firebird-Beauty-Old-Russia/dp/096441841X/ref=sr_1_1?ie=UTF8&qid=1521652009&sr=8-1&keywords=land+of+the+firebird+massie&dpID=51CPK13XKGL&preST=_SX218_BO1,204,203,200_QL40_&dpSrc=srch

And while leaders of such countries can point to foreign visitor numbers as a sign of support ? I also believe that personal safety for certain travellers, especially obvious minorities, cannot be guaranteed, as fervent nationalism increases, and tolerance levels evaporate. Just as I may decide against a purchase at the supermarket because of a company’s behaviour, ethics will always be a consideration.

Well, I'd argue supermarket ethics does not readily translate to travel ethics - the latter is far more complex. Personally, I see the whole "vote with my hard-earned travel dollar" approach as overly simplistic, but if it's your position - I totally respect it.

What I don't understand is members volunteering ethical guidance in response to what seems an innocuous request for travel-related information.

Note a discussion on ethics hosted a year ago by the Webmaster of this very forum.

https://community.ricksteves.com/travel-forum/general-europe/travel-ethics-612334a0-0ca1-4128-b088-c13d1d8a91c3

I appreciate Rick Steves' point of view in his "Travel As A Political Act". That said, Putin's Russia is not a place I would support. But, to each his or her own....

From a practical point of view, travel between the two countries can be difficult. I understand the Russians who traveled in the US this past winter had to go to the US Embassy in the country of Georgia to get visas because the Russians expelled American embassy personnel. If you do travel to Russia, you may be on your own. See the American travel advisory: https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories/russia-travel-advisory.html

Travel Advisory January 10, 2018 Russia – Level 3: Reconsider travel Reconsider travel to Russia due to terrorism and harassment. Some areas have increased risk. Read the entire Travel Advisory U.S. citizens are often victims of harassment, mistreatment, and extortion by law-enforcement and other officials. U.S. consular assistance to detained individuals is often unreasonably delayed by Russian officials. Russia also enforces special restrictions on dual U.S.-Russian nationals. Due to the Russian government-imposed reduction on U.S. diplomatic personnel in Russia, the U.S. government has reduced ability to provide services to U.S. citizens.

We have traveled to Moscow and St. Petersburg over the past few years. As in the US, most of the people we encountered helpful and not particularly political. In Moscow, we stayed at The Garden Ring Hotel which was a close walk to the metro. The hotel was very comfortable and quiet for being in the city. We loved the art museums and the Georgian restaurants. In St. Petersburg, we stayed at both The 3Mosta hotel near the Hermitage and the Art Hotel Demetra.. In St. Petersburg, we especially liked the Hermitage and Russian museum. Learning the Cyrillic alphabet and having a good map is a must.

As I think the point about ethical considerations has been made, please keep future replies more specific to the question at hand. Thanks.

Either read a good travel book or book a guide who can personally take you to the best places that interest you and tell about the sights you're seeing. We used Dan Petrov on 2 different trips to Moscow and found him to be wonderfully friendly and witty not to mention super knowledgeable.

Latest advice, Australian Governmemt, 1 April 2018. “Due to heightened political tensions, you should be aware of the possibility of anti-Western sentiment or harassment. While the Australian Government is not aware of any increased difficulties for Australians travelling in Russia at this time, you should follow the security and political situation closely and keep up to date with this travel advice. Remain vigilant, avoid any protests or demonstrations and avoid commenting publicly on political developments.”

We very much enjoyed our group trip to Moscow and St Petersburg last year. excellent guides and accommodations. While Steven who has replied here has excellent advice, ( and we took advantage of it), we felt an organized tour really facilitated our enjoyment of the country. You may want to consider a combination of an organized tour and than adding independent days . Some of the Australians on the tour had arrived a couple of days earlier than the tour stated and then some stayed later. If we were to go again (which I would), that"s how I would do it. And I must say , it was enlightening to have conversations with the Russian tour guides and the non Americans about the current world situation. Not that we went into any great depth, but I think we all went away with a little more understanding. Top places: allow lots of time in St Petersburg at the Hermitage- take a separate day for the Impressionist building. In Moscow, the Russian Art Museum was amazing.

Solid advice from Australian government quoted above, especially the keeping up to date part.

I checked the current version (Sep 18) of that advisory - and it hasn't been updated much. In fact, some sections don't seem to have changed since 2005 - their recommendations for importing/exporting currency and financial instruments, for example, are at least five years behind.

I do like reading governmental travel advisories for entertainment purposes - for instance, up until very recently the US one sternly advised potential travelers that Moscow was largely a cash-based economy (couldn't be further from the truth) and warned about intrinsic dangers of gypsy cabs (which had all but disappeared by 2015).

This topic has been automatically closed due to a period of inactivity.

Trans-Siberian Railway Prices

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Ticket prices for the Trans-Siberian Railway also depend on the current ruble exchange rate.

Is the Trans-Siberian Railway expensive?

Before starting on your Trans-Siberian Railway adventure you naturally want to know what the entire trip will cost. Although this sounds like a simple question, it is pretty difficult to answer. The Trans-Siberian Railway price of travel depends on the following factors:

• Which travel class do I want to use? The price for a first class ticket is about three times the price of a 3rd class ticket
• Am I willing to buy the tickets myself and assume responsibility for the organisation of the trip?
• How many stopovers do I want to make? The more breaks, the higher the total price.
• What sort of accommodation do I want? Will it be a luxury hotel or will a hostel dormitory be sufficient?
• What tours and excursions would I like to go on?
• What is the current exchange rate for rubles?

Basically, everything from a luxury to a budget holiday is available. If you buy yourself a 3rd Class nonstop ticket at the counter, a few hundred Euros will cover the price. All you will experience is a week on the Trans-Siberian train and will see nothing of the cities on the way. There is, however, any amount of room for upward expansion. Everyone makes different choices about which aspects they are willing to spend money on. I personally prefer to save money on accommodation and railcar class, visit as many cities and do as many trips as possible. To enable better classification of your travel expenses I have contrasted two typical traveler types. In the third column you can calculate the total cost of your own journey on the Trans-Siberian Railway. Please keep in mind that these are only rough estimations and not exact prices.

The all-in costs seem fairly high at first. However, they cover everything and it is quite a long journey taking four weeks. Many people forget to consider that when looking at the list. We should also deduct the running costs for food and leisure at home. I think most visitors to this page will classify themselves somewhere between the two categories, that is around the € 2,000 – € 2,500 range. When comparing these prices with other travel packages, you get the impression that it is hardly worthwhile travelling individually on the Trans-Siberian Railway. Please keep in mind that most packages last no more than 14 days and you are herded like cattle through the most beautiful locations.

If you spend less time on the Trans-Siberian Railway you will, of course, pay less. I chose this particular travel length because I prefer not to do things by halves. If you fulfill your dream of travelling on the Trans-Siberian Railway, enjoy it and don’t rush things. But it’s up to you, of course. Try playing around with the form a bit to find the appropriate price for your trip.

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