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3w ago

DreamFolks Halts Domestic Lounge Access as Stock Hits Lower Circuit

Direct lounge-access moves by airports, alongside bank exits, have eroded the aggregator model.

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'Material impact': Dreamfolks shares tumble 5% as co exits domestic airport lounge biz
Dreamfolks Services shares tank 75% in a year; stock down 83% in two years
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Overview

  • DreamFolks told exchanges it has discontinued domestic airport lounge services for clients with immediate effect and called the impact material.
  • Shares fell 5% to the lower circuit near Rs 131, extending declines to roughly 70% in 2025 and about 74–75% over a year, with the stock down about 83% from its 2023 peak.
  • The company said other domestic services and its global lounge business continue, client contracts remain active, and talks on alternative propositions are underway.
  • The withdrawal follows partner moves including Travel Food Services ending its deal on September 15, suspensions by Adani Digital and Semolina Kitchens, and a planned Encalm exit in November, with a Section 9 petition filed in the Delhi High Court related to Encalm.
  • Airports such as Adani and GMR are adopting in-house systems and banks are shifting to direct deals, with ICICI and Axis already moving away and, as reported by ET, more banks including HDFC could follow.