Top News

Yatra looks for more acquisitions by 2014; eyes Rs 7,000 cr revenue in 5 years

Online travel company Yatra.com has plans make
more acquisitions by 2014 as part of its plans to reach a revenue figure of Rs
7,000 crore in the next five years. The company that has made four acquisitions
in the last 18 months is considering buyouts in either holiday business
segment, destination management or of large travel agents, reports Business
Standard.

Online travel company Yatra.com has plans make
more acquisitions by 2014 as part of its plans to reach a revenue figure of Rs
7,000 crore in the next five years. The company that has made four acquisitions
in the last 18 months is considering buyouts in either holiday business
segment, destination management or of large travel agents, reports Business
Standard.

“We would be making a couple of
acquisitions in the next two years. We are aiming to double our revenues from
the present Rs 3,500 crore to Rs 7,000 crore in next five years,” Pratik
Mazumder, Head of Marketing and Strategic Alliance, Yatra.com has said.

In July 2012 Yatra.com had acquired hotel
and holidays booking website TravelGuru.com from Travelocity Global. In January
2012, the company had acquired online event and entertainment guide BuzzInTown.com.
In August 2011, Yatra.com acquired Bangalore-based Hotel GDS (global
distribution system) company MagicRooms Solutions, through its hotels
subsidiary Intech Hotel Solutions and ticket consolidator Travel Services
International Pvt. Ltd (TSI).

The company is also going to focus more on
the holiday business. “Currently, 70% of our revenue is from air travel
and 30% from the holidays segment. In the next two years, both the segments
will contribute 50% each,” Mazumder said.

Meanwhile, Nasdaq-listed MakeMyTrip, Yatra’s
closest competitor, was also reportedly looking to reduce its dependence on air
side of business and strengthen its hotels and packages segment. “We plan
to enhance the revenues from hotels and packages to be nearly 50 per cent of
the total in next four years. It is time we give more focus on non-air side of
the business,” CEO Deep Kalra had said.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close