‘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 4066 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

Sabre introduces SafePoint, a smarter, faster and more accurate way to help protect travelers

SafePoint provides peace of mind for corporations by bringing risk management to the traveler. It provides visibility into the travelers’ entire trip, best in class global intelligence provided by iJET

Technology

Industry must partner with GoI to make India truly incredible: Dr. Panwar

Affirming the tremendous growth of the online sector, Dr. Lalit K. Panwar, Secretary, Ministry of Tourism, Government of India (GoI), stated that India should leverage the technology especially apps to

Latest

TrawellTag Cover-More announces its association with Yatra.com

TrawellTag Cover-More announces its association with Yatra.com in providing global assistance & travel insurance. TrawellTag Cover-More, India’s foremost dedicated provider of travel assistance and insurance has partnered with one of

Technology

Sabre expands development centre in India

Sabre expands development centre in India to accelerate product innovation, development and global operations Employee base doubles and still growing! Sabre Corporation (NASDAQ: SABR), a leading technology provider to the

Travel Trade

Chat with new TripAdvisor Facebook Messenger Bot to get great travel recommendations for your next Trip or Stay-cation

TripAdvisor brings to you a fun, new feature we have been testing and is now available on Facebook Messenger. We’re happy to introduce you to TripAdvisor chatbot, a real time

Technology

Changi Airport T4 is the emerging tech in Asian airports

General commentary of Asian airports adopting technology; Attributed to Anupam Bokil, Vice President, Technology, Sabre Travel Network Asia Pacific As dispensable income grows in Asia and Low Cost Carriers (LCCs) bring

Technology

Yatra.com launches specialyoga packages to celebrate International Yoga Day

Yatra.com joins the yoga movement by bringing special wellness packages from June 20, 2015 Celebrating the first International Yoga Day, Yatra.com, amongst India’s leading online travel portals, announced special yoga

Technology

‘Tech savvy young population of India is a key factor’

Sanchit Garg is co-founder and director of TravelTriangle.Com. He has a strong tech background. Garg said that his success comes from the growth stories of our 500+ travel agents. “They

Slider

Sabre brings Sri Lankan travel agencies online as national e-commerce market takes off

Sabre Corporation, a leading technology provider to the global travel industry, is working with travel agencies in Sri Lanka to bring more travel services online for consumers as the Country’s

Technology

Goomo comes onboard as PAYBACK’s online travel partner ​

Underlining its promise of offering customers the most value-driven travel booking experience, Goomo, India’s leading omni-channel travel tech company, has entered into a partnership with PAYBACK, India’s largest multi-brand loyalty program. Goomo

Top Stories

MakeMyTrip partners ICMR-approved labs to facilitate testing for travellers

MakeMyTrip partners with ICMR-approved Dr. LalPath Labs and SRL Diagnostics across metros and major cities in India to help open up travel safely In an effort to make the end-to-end

Latest

Sabre Travel network adds Jerome Thil to expanding Asia Pacific team

Sabre Corporation (NASDAQ: SABR) has named Jerome Thil vice president of marketing for Sabre Travel Network Asia Pacific. Based in Singapore, Jerome will lead marketing for Sabre Travel Network’s GDS

0 Comments

No Comments Yet!

You can be first to comment this post!