Yatra to go for more acquisitions

Aims Rs 7,000 cr revenue

PTI | August 31, 2012



Online travel company Yatra.com will make more acquisitions by 2014 as part of plans to double revenues to Rs 7,000 crore in the next five years, a senior company official said.

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.

"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," Yatra.com head of Marketing and Strategic Alliance Pratik Mazumder told PTI.

Asked about the areas that the firm will look for acquisitions, he said: "It could be holidays business, which could be online or offline. It could also be a destination management company or large sized travel agents, who have a lot of retail business".

It could either be domestic or international acquisitions, he added.

Yatra.com has completed four major acquisitions in the past two years. In June this year, it had announced acquisition of Travelguru while in January, it had bought Buzzintown.

In June, 2011, it had acquired MagicRooms while it took control of TSI in October, 2010.

The acquisition of Travelguru had given Yatra access to a network of more than 6,500 hotels in India and 72,000 hotels worldwide.

Elaborating on the company's future strategy, he said Yatra.com would focus more on the holiday business.

"Currently, 70 per cent of our revenue is from air travel and 30 per cent from the holidays segment. In the next two years both the segments will contribute 50 per cent each," he said.

Stating that margins are dwindling in flights and could reduce further, he said the focus area for future is holidays - both domestic and international.

Mazumder said within the next two years, Travelguru's hotel network is expected to reach 10,000.
 

Comments

 

Other News

How to realise the full transformative potential of PM-JAY

The Pradhan Mantri Jan Arogya Yojana (PM-JAY), a welfare scheme which covers approximately 45 crore beneficiaries across India, provides cashless health cover of Rs. 5 lakh per family per year. It is the largest health insurance scheme which helped crores of poor families by reducing out-of-pocket expend

The missing men in India`s family planning story

Every pregnancy requires two people. Yet India`s family planning programme continues to ask only one of them to bear almost all of its medical consequences. The newly released National Family Health Survey-6 (2023-24) confirms just how entrenched this asymmetry remains: 36.5% of currently married women a

`Development must be judged beyond GDP, with rights and justice at core`

Delivering the IXth Chief Justice M.C. Chagla Memorial Lecture on ‘Human Rights and Sustainable Development Goals’, in Mumbai Friday,  former Chief Justice of India Bhushan R. Gavai questioned whether conventional economic indicators such as gross domestic product (GDP), national income,

RTI exposes Rs 16,909 crore cost blowout on Mumbai-Goa Highway

Seventeen years after the centre first approved the widening of National Highway 66 between Mumbai and Goa into a four-lane highway, a fresh RTI reply has revealed a sharp escalation in the project`s sanctioned cost.   According to the RTI reply obtained by activist Jeetendra

"India`s semiconductor ecosystem is expanding rapidly"

Prime minister Narendra Modi on Thursday inaugurated SEMICON India 2026 in New Delhi. Addressing the occasion and highlighting the significance of the event`s fifth edition, the PM drew a parallel between the launch of Semicon India and Vishwakarma Diwas. He pointed out the beautiful coincidence of

Cabinet approves raising EPFO wage ceiling from Rs.15,000 p.m. to Rs.25,000

The union cabinet, chaired by the prime minister, has approved the proposal of the Ministry of Labour & Employment to enhance the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from Rs.15,000 to Rs.25,000 per month. The decision is expected to bring

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter