New Delhi: A credit card company and a company that offers customized travel solutions have come together to offer value added travel saving options to customers through a generous money back offer.
MasterCard Worldwide, a leader in advancing global commerce, announced a unique joint promotion with India’s leading online travel portal, Travelguru. Gold, Titanium and Platinum MasterCard credit cardholders will be able to avail a 30% money back offer while Standard MasterCard credit cardholders a 15% money back offer when they purchase airline tickets online.
The promotion campaign will run till May 31 and will be applicable in India’s three premier airlines, namely Jet Airways, Kingfisher Airlines and Indian Airlines. Cardholders will receive up to Rs 6000 money back and Gold, Titanium or Platinum MasterCard cardholders will benefit from money back of upto Rs 12000 during the promotion.
Nitin Gupta, General Manager, South Asia, MasterCard Worldwide said, “results are best delivered through development of customized business solutions and through our joint initiative we hope to offer instant value to MasterCard credit cardholders in India.”
Consumers and businesses alike across India are seeking faster, more secure and smarter methods of payment for an increasing array of transactions. In India, the online travel segment has witnessed phenomenal growth and an increasing number of cardholders purchase their travel tickets online. ”
Ashwin Damera, Co-Founder and CEO, Travelguru said, “introduction of travel plans plays a significant role in our strategic focus of being a leader in providing maximum value to the Indian traveler.
Promotion is also timed to provide best air deals for people planning their summer vacation travel. Coupled with this is our market leading range of 3,000 hotels in the country and 72,000 hotels globally. Our aspiration is now to provide maximum summer travel options to fit every budget.”
Analysts predict that online travel bookings are set to soar over the next few years as India enters a new phase of economic growth spurred by factors like liberalization, investment in infrastructure and a burgeoning middle class with increased spending power.
Online travel market in India is projected to exceed $1.3 billion in 2007 and to over $2 billion by 2008, nearly sevenfold increase in just three years