financetom
Economy
financetom
/
Economy
/
Yatra eyes over 20% growth in revenue over next 3 financial years
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Yatra eyes over 20% growth in revenue over next 3 financial years
Mar 6, 2019 9:23 AM

Online travel firm Yatra.com on Wednesday said it is looking at over 20 per cent growth in revenue over the next three financial years as it strengthens presence across various verticals.

Share Market Live

NSE

"We continue to look at an over 20 percent growth. This year also, our guidance is for over 20 per cent growth and in the medium term, we should be able to maintain this type of growth rate," Yatra.com co-founder and Chief Executive Officer Dhruv Shringi told PTI.

This expected growth is for the medium term that is for three fiscal years, he added.

Shringi was speaking on the sidelines of the 'Tourism and Travel Tech Conference' organised by the Internet and Mobile Association of India (IAMAI) and Incredible India.

The company had posted a revenue of around Rs 741 crore in 2017-18.

When asked about the revenue mix for the company, he said: "Currently, around 60 per cent of our revenue comes from the consumers business and 40 per cent from the corporate business and B2B (business-to-business)."

Consumer and corporate are the two fastest-growing segments of the company's business, they are growing at a rate of around over 20 per cent, he added.

Highlighting that the company sees corporate travel business as a key growing area, Shringi said: "In 2013-14, we started building the online platform for business travellers. Seeing the type of reception we have had for the product in India, we want to take the product to other markets. We see this as a large growth opportunity for us."

When these customers move to Yatra platform, it becomes extremely convenient for them to add other multiple products, he added.

About the consumer business, Shringi said it continues to grow healthily. Being in India, the advantage is that the business continues to grow on volumes, he added.

"Here, we have to think about focussing on segmenting to certain extent to be able to generate better returns," he said.

About the segments, Shringi said air-travel constituted two-thirds of the revenue, while 25 per cent comes from hotels and packages and 8 to 10 per cent is from rail, bus, insurance and other products.

In the air travel segment, airport infrastructure also needs to be strengthened, especially in metro cities, he added.

Started in 2006, Yatra.com currently provides comprehensive travel-related services including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, activities and ancillary services.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed's Daly says rate cuts needed to keep labor market healthy
Fed's Daly says rate cuts needed to keep labor market healthy
Sep 6, 2024
(Reuters) - The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine by how much, San Francisco Fed President Mary Daly said on Wednesday. As inflation falls, we've got a real rate of interest that's rising into a slowing economy; that's a basic recipe for...
Fed's Daly says rate cuts needed to keep labor market healthy
Fed's Daly says rate cuts needed to keep labor market healthy
Sep 6, 2024
(Reuters) - The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine by how much, San Francisco Fed President Mary Daly said on Wednesday. As inflation falls, we've got a real rate of interest that's rising into a slowing economy; that's a basic recipe for...
Cryptocurrency statistics 2024: Investing in crypto
Cryptocurrency statistics 2024: Investing in crypto
Sep 6, 2024
Over the last decade, cryptocurrency has gone from an obscure asset to a wildly popular investment before falling significantly amid increasing interest rates and then rising again. Cryptocurrencies are a form of digital currency secured through cryptography and computer networks. These currencies are not overseen by traditional central institutions, like a government or bank, and transactions are performed while maintaining...
How the Federal Reserve impacts personal loans
How the Federal Reserve impacts personal loans
Sep 6, 2024
July Fed meeting On July 31, 2024, the FOMC decided to hold steady on interest rates. The benchmark rate remains at 5.25-5.5 percent. Most personal loans have fixed rates, so current borrowers do not need to worry about their interest rates changing. Borrowers in the market for a personal loan should prepare for rising interest rates, but there are things...
Copyright 2023-2026 - www.financetom.com All Rights Reserved