A sizeable chunk of these flight bookings are getting cancelled by airline operators, hitting revenues of these firmsThey are now betting on reopening of domestic tourism and intrastate leisure travel to increase sales on their platforms
1 min read14 Jun 2020The ATB acquisition will close over the next few weeks, says Yatra CFO Alok Vaish, while PL Worldways' 'will be a lot faster'Yatra Online is currently in the process of absorbing employees from Air Travel Bureau (ATB) and PL Worldways
3 min read8 Mar 2019The guidelines for approval/re-approval of OTAs will ensure that there are adequate safeguards against deficiency of service, alternate arrangements, if needed, and punitive deterrence
2 min read7 Dec 2018FHRAI writes a letter to online travel aggregators outlining the most critical concerns of the hotel industry which includes the issue of distortion of market price, the demand for exorbitant commissions and the hosting of illegal and unlicensed bed and breakfast accommodations
1 min read5 Dec 2018Online travel startup TravelTriangle will use the funding for expansion and strengthening outbound-based operations, says co-founder Sankalp Agarwal
1 min read17 Oct 2018TripFactory is in funding talks with various funds based in Silicon Valley, China and Japan, even as it looks to scale up with its omnichannel strategy and touch sales of 60,000-100,000 holidays per day
2 min read12 Sep 2018Size of Cleartrip's first cross-border acquisition said to be $60-70 million
2 min read21 Jun 2018A report by Praxis says most of the growth in the Indian travel market would come from the increasing penetration of international flight and hotel bookings offered by online portals
1 min read28 Apr 2018As part of the deal, customers can book travel services from Flipkart's platform which will be linked to offers by MakeMyTrip
1 min read5 Apr 2018Online travel brands are evolving from booking engines to experience platforms
4 min read31 Mar 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared