‘Massive under-supply of rooms in India is a huge opportunity for platforms like us’
Fragmentation of the short-terms stay market and the large market size of it in early 2000 was the reason Yogendra Vasupal started in travel industry. Vasupal believes that his venture will grow 500% yearly for the next 4-5 years. Vasupal attaches great value to ideology and philosophy. Explaining his success mantra, Vasupal said, “My success mantra is to have strong first principles with respect to ideology and philosophy, and then having the patience, persistence and consistence to follow through.
The current time is very opportune for travel start-ups in India. “Currently, the environment is very conducive for travel startups. The massive under-supply of rooms in India is a huge opportunity for platforms like us that get people to open up their homes and become hosts. As a country of 1.2 Billion people, we have lesser number of star category rooms than a Singapore.Also, the still unsolved problems in exploring and planning is a huge opportunity,” said Vasupal.
As regards funding for travel start-ups, “Funding for travel start-ups has gone through multiple cycles of upswing and downswing. We are currently in an upswing,” said Vasupal.
You might also like
Undercutting is not for the long-term. The demise of Low Cost Travel.
As keen observers from the travel world have found out, the €700 million companies (approximately Rs 5,000 crore) travel company “Low Cost Holidays” went into bankruptcy in London on 15
China Airlines extends partnership with Sabre
Sabre’s AirCentre™ Movement Manager will enable China Airlines to improve operations efficiency and traveller experience. Sabre Corporation, the leading technology provider to the global travel industry announced a partnership with
Merger of getabed and roomsXML forms Stuba
Following their merger, B2B accommodation only specialists’roomsXML and getabed have announced the launch of a new brand, Stuba. Whilst Stuba will be the fresh new identity for the unified group,
