Online Travel

SOSV and Artesian China fund have invested in the company

The fresh funds will be used to strengthen its on ground operations

China is the largest tourism market across the world

The company claims to have 458K rooms globally as of December 2018

It says its global stayed room nights reached 99 Mn till that year

OYO says to be adding more rooms than the world’s top three hotel chains combined

While its operating revenue was INR 416 Cr, its net loss was INR 360 Cr in FY18

OYO has projected revenue of almost INR 1,500 Cr for the current fiscal year

The rise in costs was primarily due to spending on technology and team building, OYO said

The losses from operations reached $4.6Mn for Q3 FY19

The gross bookings for air ticketing increased 13.4% Y-o-Y

Air passengers booked increased 7.8% Y-o-Y, reaching 2.4 Mn

MakeMyTrip aims to utilise Bitla Software's solutions for the bus and hotel supplier ecosystem

Bitla Software has a proprietary software HolidaySimply

Bitla Software will use the funding to expand its suite of travel focused technology products

Instead of a flat fee of INR 25 Lakh, the IRCTC will levy a service charge of INR 12 on each ticket booked through OTAs

The govt has put its disinvestment in IRCTC on hold to tap into its massive base of user data

The IRCTC has also developed a machine learning-based tool to predict the status of waitlisted tickets

• Inmobi Co-Founder Mohit Saxena is looking to redesign the OTA concept with Rizort
• His luxury vacation marketplace Rizort curates ‘experiences’ based on travellers’ ‘intent’
• Starting with Bali, Thailand, and Maldives in Phase I, Rizort will soon add Japan, India, Sri Lanka, and Mauritius to its list of destinations

For The Quarter Ending March 31, 2018 Yatra Booked 2.5 Mn Gross Air Passengers

Yatra Has Applied For Shelf Registration With US Securities and Exchange Commission

As Part Of The Alliance, Flipkart Will Now Offer Travel Services On Its Platform

During The Said Quarter, The Online Travel Portal Reported 36% YoY Growth In Revenue To $172.5 Mn

As Per Its Earnings Report, The Online Travel Portal Raked In Profits Of $3.6 Mn In The Last Quarter Of 2017