MUMBAI, Jan 5: Online travel company Yatra.Com is looking at over 40 per cent revenue growth next fiscal on expectations of increase in hotel bookings and holiday package business, according to a senior company executive.
“We expect 2014-15 to be much better than the current financial year, which has been a very challenging year for the industry. This year we invested into the hotel bookings business, which has doubled from FY’13, and is expected to be one of the major growth driver of our business going ahead,” Yatra.Com president Sharat Dhall told reporters here.
The company is also expecting its packages business to double in the next financial year, he added.
“On the back of the hotel bookings and packages business, we are expecting about 40 per cent revenue growth in 2014-15,” he said.
The company, he said, expects about 20-25 per cent growth in revenue during FY’14.
At present, hotel bookings constitute 15 per cent of the business, holiday packages around 20 per cent and flight bookings account for the rest, he said.
“During the next financial year, we expect the hotel bookings and holiday packages to grow to around 45 per cent,” Dhall said.
Going forward, Dhall said, the company is going to focus on mobile applications.
“We see a significant traffic coming from mobile handsets. Currently, we are seeing 12 per cent actual sales through channel. We expect this segment to grow tremendously going ahead,” he said.
The company is planning to push more and more products through mobile applications, like holiday packages and car, bus and train bookings in the next few months, he said.
Currently, Yatra.Com offers only domestic, international flight and hotel bookings through mobile application.
Yatra.Com provides information on pricing, availability, and booking facility for domestic and international air travel, railway reservation, hotel bookings and holiday packages. It also provides booking facility for more than 12,000 hotels in India and over 300,000 hotels around the world. (AGENCIES)
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