Paytm’s travel marketplace inching closer to dominating travel sector

Paytm’s travel marketplace inching closer to dominating travel sector

Paytm now offers the complete range of travel bookings that include air, bus, train tickets and hotel bookings. The company has also emerged as India’s biggest private B2C player in train tickets segment within months of launch.

With over ten million travel tickets booked, online payments and e-commerce marketplace paytm is fast becoming the preferred destination for travellers to plan their trips. Paytm now offers the complete range of travel bookings that include air, bus, train tickets and hotel bookings. The company has also emerged as India’s biggest private B2C player in train tickets segment within months of launch.

In January 2017, the company’s travel vertical crossed USD 500 Million in annualised GMV. Paytm is aiming to quadruple the growth rate by the end of the current financial year.b “We are encouraged by the positive response to our foray into the travel business, particularly in the train and air ticket segments which were launched only towards the end of 2016. This year we plan to further accelerate our growth and firmly establish ourselves as a dominant player in the online travel market,” said Abhishek Rajan, Vice President, Paytm.

“To catalyse our growth, we are currently ramping up our team in Bangalore and looking to hire over 100 members across Technology, Operations and Business functions,” added Rajan. Paytm is the first horizontal e-commerce major to enter into travel operations, a domain that has hitherto been dominated by vertical players. The company has chosen Bengaluru as the base of operations for its travel marketplace.

 

News Source: ANI

About author

TnH Global
TnH Global 4035 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

India ranks 52nd on the Travel & Tourism Competitiveness Index 2015

Spain has ranked first among the countries in World Economic Forum’s Travel and Tourism Competitiveness Index 2015 rankings, followed by France and Germany. According to World Economic Forum’s Travel and

Trending

The Oberoi Group announces the highly anticipated reopening of The Oberoi, New Delhi

New Delhi’s Favourite Hotel is Back The Oberoi Group has announced the highly anticipated re-opening of The Oberoi, New Delhi after comprehensive renovation which commenced shortly after the hotel celebrated

Latest

Preferred Hotels & Resorts announces 2015 year-end result

Preferred Hotels & Resorts, the world’s largest global provider of sales, marketing and distribution services to independent luxury hotels, has announced phenomenal 2015 year-end results. Last year, the company marked a

Latest

Axis Bank and Vistara unveil cobranded credit card

Introduce three variants of the contactless card aligned to customer travel preferences Card enables faster earning of Club Vistara points and membership tier upgrades Unique opportunity to receive up to

Transport

Aadhaar and other government IDs compulsory to book domestic flights soon

In order to counter misbehaviour on domestic flights, the government of India is set to issue the final set of rules for the no fly list (NFL) on Friday. One

Trending

Central Railway to run 10 ‘Summer Special’ trains between Mumbai and Varanasi

The decision has been taken in order to meet with increased demand during the holiday season. The Central Railway has announced that it would run 10 ‘Summer Special’ trains between

Cruise

Azamara Club Cruises announces expansion of fleet with its latest acquisition the Azamara Pursuit

Travelers to enjoy immersive experiences in exotic destinations such as Antofagasta (Chile), Lima (Peru), and the Beagle Channel Azamara Club Cruises has always been synonymous with luxury and destination immersion.

Latest

GTDC is Goa’s first Government organization to adopt 100 per cent cashless transactions

Initiatives taken more than a year ago by GTDC to go cashless Introduction of e-commerce portal and mobile app gives boost to cashless transactions GTDC sees encouraging response from tourists

Slider

Etihad Airways shuts ticketing and reservation offices in India

Etihad Airways has shut its ticketing and reservation offices in India, a move that comes after the Abu Dhabi-based carrier pulled out Super Jumbo Airbus 380 from its operations in

Signature Club Resort at Brigade Orchards launched

First-of-its-kind Club Resort concept in Bangalore! BCV Developers Pvt. Ltd., a joint venture of Brigade Enterprises with Classic Group and Valmark, today launched its latest lifestyle club ‘Signature Club Resort’ at

Trending

Thomas Cook India targets Middle India’s high growth Honeymoon Travel Market

~Launches unique Group Tours, ‘Romantic Getaways’~ Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial Services Company, has recently launched a unique group tours portfolio, ‘Romantic Getaways’, to tap into Middle

Trends

Gir National Park to remain closed for monsoon

The Gir National Park, which is popular for being housing more than 500 Asiatic lions, will remain closed for the next four months. Both domestic and international tourists will have

0 Comments

No Comments Yet!

You can be first to comment this post!