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 the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter