You are on page 1of 4


FIRST METRO TRAVEL INC. is a full service travel agency that started its operation
in the Philippines in April 1969. It was originally a 60/40 partnership between
Smith Bell & Company, a local conglomerate, and the Thomas Cook Group of UK.

In June 1986, Metropolitan Bank & Trust Company, having acquired the 60% share
of Smith Bell & Company, entered into a joint venture agreement with Thomas
Cook Group and make available to Thomas Cook clients in the Philippines the
benefit of the partnership’s synergy. During this time, the company held the
distinction of being the official travel agent of three of the four biggest
organizations in the country.

By the turn of the millennium, Travelex plc. identified as one of the fastest
growing private companies in the UK, completed its acquisition of Thomas Cook
Group’s Global and Financial Services. Travelex is the world’s largest non-bank
foreign exchange specialist and is a global brand. As a result of the acquisition, all
Thomas Cook Travel offices in Asia, including the Philippines, now operate under
the name TRAVELEX Travel Services.

In June 2007, Travelex decided to withdraw from its travel services business
worldwide and instead focus on its core business, foreign exchange and financial
services. The forty percent shareholding was subsequently bought by Asia Pacific
Top Management Intl. Resources Corp., a leading management company which
operates the Marco Polo Plaza Cebu.

FIRST METRO TRAVEL offers a complete line of travel services which include
corporate travel management, foreign and domestic leisure travel, travel
documentation, travelers cheques and travel insurance. Aside from its Head
Office located at the G/F Skyland Plaza Condominium along Sen. Gil Puyat Avenue
in Makati, First Metro Travel has branch offices in POEA Bldg., Mandaluyong City,
Vega Centre in Los Banos, Laguna, and in Metrobank Plaza, Fuente Osmena, Cebu
Company Profile

Founding Date April 1969

Principal Activity Travel and Tours

Products and Services Corporate Travel Management

Foreign and Domestic Leisure Travel
Travel Documentation Services
Travelers Cheques
Travel Insurance

Principal Officers

President Reynaldo D. Villar

General Manager Claire Monasterio Tugot
Treasurer Anjanette Ty Dy Buncio
Corporate Secretary Ma Jasmin Bunag
Assistant Corporate Secretary Jasper dela Cruz

Board of Directors

Honorary Chairman George SK Ty

Honorary Vice Chairman Antonio S. Abacan, Jr
Chairman Alfred V. Ty
President Reynaldo D. Villar
Director Claire Monasterio Tugot
Director Jose Mari H. Banzon
Director Carmelita Araneta
Director Fermin T. Chio
Director Terrence Cham

Major Shareholders

Metrobank 60% 300,000 shares

Asia Pacific Top Management
Intl Resources Corp. 40% 200,000 shares
Head Office G/F Skyland Plaza Condominium,
Sen. Gil Puyat Avenue
Makati City

Branch Offices:

First Metro Travel – POEA G/F, POEA Building,

Mandaluyong City

First Metro Travel Los Banos 3/F Vega Center

Lopez Avenue
Los Banos, Laguna

First Metro Travel Cebu G/F Metrobank Plaza

Osmena Blvd.
Cebu City

Number of employees 47

External Auditors Sycip Gorres Velayo and Company

A member practice of Ernst and
Young Global

Staff Training First Metro Travel has a training

program on technical as well as
professional and personality
development issues and work
values. Counter staff are required
to undergo airline and CRS training
updates on a regular basis.

Trade Organizations Philippine Travel Agencies

Association (PTAA)
Philippine IATA Agents Association (PIATA)

Corporate Travel Management – handling the full travel requirements

of the business traveler, company engages its services to corporate
accounts whose focus is to achieve maximum benefit at the same time
cost efficiency on their business travel requirements.

Foreign and Domestic Leisure Travel – whether it be individual or group

tours, our company can form a package best suited for your leisure
travel needs.

Travel Documentation – in line with its business strategy of calling

itself a one-stop-shop, the company provides assistance on various
types of travel documentation requirements. Whether it’s a passport,
visa, or even an immigration document, rest assured that our company
will assist in securing your travel documents.

Travelers Cheques – our company is engaged in the business of the

encashment and distribution of Travelers Cheques, most notably
brands such as Thomas Cook, American Express, and Visa.

Travel Insurance – our company is engaged in the sale of both

international and domestic travel insurance.