‘Massive under-supply of rooms in India is a huge opportunity for platforms like us’

‘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.

About author

TnH Global
TnH Global 3877 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Latest

Hong Kong Airlines brings unique packages to agents worldwide with Sabre branded fares

Sabre Corporation has recently implemented Sabre Branded Fares for Hong Kong Airlines, now giving agencies the ability to create tailored, compelling offers as travellers enjoy a seamless brand experience across all

Technology

The Indian travel market to generate $48 billion by 2020: Incredible India 2.O

The Internet & Mobile Association of India (IAMAI), today organized ‘Incredible 2.O’ – the Next Trillion Dollar Opportunity. Speaking at the inaugural session, Deep Kalra, Chairman & Group CEO – makemytrip.com and Vice-Chairman

Trends

Sports Events 365 sees a sharp rise in its French Presence following deal with Havas Voyages

Havas Voyages operates a network of 330 branches with 1,200 agents that offer an exceptional choice of more than 8,000 itineraries, 300,000 hotels and over 200 airlines. Sports Events 365,

0 Comments

No Comments Yet!

You can be first to comment this post!