From MakeMyTrip to Cleartrip, e-travel firms to top $10 bn in bookings
From MakeMyTrip to Cleartrip, e-travel firms to top $10 bn in bookings

As per the leading media reports top online travel agencies (OTAs) such as MakeMyTrip, Yatra, and Cleartrip, are set to cross the $10-billion (more than Rs 720 billion at current exchange rate) mark in bookings in 2018-19 financial year (FY19). All leading players operating in this segment are growing at minimum 20% on y-o-y basis.

MakeMyTrip, the largest player in the segment (which also owns the Ibibo brand) registered bookings of $2.66 billion in the first half of the year, growing over 27 per cent YoY. "The growth is essentially coming from a significant increase in internet access. The highly under penetrated hotels market is opening up and we continue to push for category expansion. This growth is highly sustainable and will continue at a similar pace with expansion of the industry and the reach of internet," said a company spokesperson.

Yatra, the second biggest player, is growing at an impressive pace of 30 per cent this year. In H1, the company clocked travel bookings worth $0.81 billion. It said growth came from the consumer booking business as well as the strong demand in corporate travel.

 

 
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