The company sees many more areas of inorganic growth in the future.
With commissions from domestic airline ticket sales falling victim to lower fares over the past two years, online travel portals like Travelguru, Cleartrip, Yatra and Makemytrip are increasingly exploring non-airline business avenues like hotel bookings, car and bus rentals and holiday package tours to boost revenues.
Investments are pouring into online portals for add-ons.
Online travel services provider Travelocity India on Tuesday said it has filed a civil suit against Cleartrip in the Bombay High Court claiming damages of $37.5 million (over Rs 165 crore) due to an alleged data theft by top executives of the rival.
Travel portals are looking to encash the rising mobile user base for their value-added services.
Online travel in India is booming - the number of online travellers has gone up and so has the number of travel portals.
The first quarter of the calendar year 2007 is already over. There is no sign of the VC story slowing down. This is a good sign for all the entrepreneurs out there with an idea!
Interestingly, majority of the 26 highly user-friendly websites come from the world of e-commerce.
Travel portals have also increased their ad spends by anywhere between 20 and 50 per cent and have added value packages and special holiday discounts.
Juxtapose India's tourism growth with the growth on its online economy and you would see a clear business case for the large number of travel web portals, which have sprung up.
Eruditus runs on a partnership model with top global universities such as MIT, Columbia, Harvard, Cambridge, INSEAD, Wharton, and UC Berkeley, offering courses in coding, data science, fintech, block chain, and entrepreneurship.
Aggregators provide standardised amenities and predictability of services, whereas online travel agents give wider choices and packaged travel deals.
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