Yatra to go for more acquisitions, aims at Rs 7,000 cr revenue

The company has made four acquisitions in the last 18 months

company Yatra.com will make more acquisitions by 2014 as part of plans to double revenues to Rs 7,000 crore in the next five years, a senior company official said.

The company that has made four acquisitions in the last 18 months is considering buyouts in either holiday business segment, destination management or of large travel agents.

"We would be making a couple of acquisitions in the next two years. We are aiming to double our revenues from the present Rs 3,500 crore to Rs 7,000 crore in next five years," Yatra.Com head of Marketing and Strategic Alliance Pratik Mazumder told PTI.

Asked about the areas that the firm will look for acquisitions, he said, "It could be holidays business, which could be online or offline. It could also be a destination management company or large sized travel agents, who have a lot of retail business".

It could either be domestic or international acquisitions, he added.

Yatra.Com has completed four major acquisitions in the past two years.

In June this year, it had announced acquisition of Travelguru while in January, it had bought Buzzintown.

In June, 2011, it had acquired MagicRooms while it took control of TSI in October, 2010.

The acquisition of Travelguru had given access to a network of more than 6,500 hotels in India and 72,000 hotels worldwide.

Elaborating on the company's future strategy, he said Yatra.com would focus more on the holiday business.

"Currently, 70% of our revenue is from air travel and 30% from the holidays segment. In the next two years, both the segments will contribute 50% each," he said.

Stating that margins are dwindling in flights and could reduce further, he said the focus area for future is holidays - both domestic and international.

Mazumder said within the next two years, Travelguru's hotel network is expected to reach 10,000.

image
Business Standard
177 22
Business Standard

Yatra to go for more acquisitions, aims at Rs 7,000 cr revenue

The company has made four acquisitions in the last 18 months

Press Trust of India  |  New Delhi 



company Yatra.com will make more acquisitions by 2014 as part of plans to double revenues to Rs 7,000 crore in the next five years, a senior company official said.

The company that has made four acquisitions in the last 18 months is considering buyouts in either holiday business segment, destination management or of large travel agents.

"We would be making a couple of acquisitions in the next two years. We are aiming to double our revenues from the present Rs 3,500 crore to Rs 7,000 crore in next five years," Yatra.Com head of Marketing and Strategic Alliance Pratik Mazumder told PTI.

Asked about the areas that the firm will look for acquisitions, he said, "It could be holidays business, which could be online or offline. It could also be a destination management company or large sized travel agents, who have a lot of retail business".

It could either be domestic or international acquisitions, he added.

Yatra.Com has completed four major acquisitions in the past two years.

In June this year, it had announced acquisition of Travelguru while in January, it had bought Buzzintown.

In June, 2011, it had acquired MagicRooms while it took control of TSI in October, 2010.

The acquisition of Travelguru had given access to a network of more than 6,500 hotels in India and 72,000 hotels worldwide.

Elaborating on the company's future strategy, he said Yatra.com would focus more on the holiday business.

"Currently, 70% of our revenue is from air travel and 30% from the holidays segment. In the next two years, both the segments will contribute 50% each," he said.

Stating that margins are dwindling in flights and could reduce further, he said the focus area for future is holidays - both domestic and international.

Mazumder said within the next two years, Travelguru's hotel network is expected to reach 10,000.

RECOMMENDED FOR YOU

Yatra to go for more acquisitions, aims at Rs 7,000 cr revenue

The company has made four acquisitions in the last 18 months

Online travel company Yatra.com will make more acquisitions by 2014 as part of plans to double revenues to Rs 7,000 crore in the next five years, a senior company official said.

company Yatra.com will make more acquisitions by 2014 as part of plans to double revenues to Rs 7,000 crore in the next five years, a senior company official said.

The company that has made four acquisitions in the last 18 months is considering buyouts in either holiday business segment, destination management or of large travel agents.

"We would be making a couple of acquisitions in the next two years. We are aiming to double our revenues from the present Rs 3,500 crore to Rs 7,000 crore in next five years," Yatra.Com head of Marketing and Strategic Alliance Pratik Mazumder told PTI.

Asked about the areas that the firm will look for acquisitions, he said, "It could be holidays business, which could be online or offline. It could also be a destination management company or large sized travel agents, who have a lot of retail business".

It could either be domestic or international acquisitions, he added.

Yatra.Com has completed four major acquisitions in the past two years.

In June this year, it had announced acquisition of Travelguru while in January, it had bought Buzzintown.

In June, 2011, it had acquired MagicRooms while it took control of TSI in October, 2010.

The acquisition of Travelguru had given access to a network of more than 6,500 hotels in India and 72,000 hotels worldwide.

Elaborating on the company's future strategy, he said Yatra.com would focus more on the holiday business.

"Currently, 70% of our revenue is from air travel and 30% from the holidays segment. In the next two years, both the segments will contribute 50% each," he said.

Stating that margins are dwindling in flights and could reduce further, he said the focus area for future is holidays - both domestic and international.

Mazumder said within the next two years, Travelguru's hotel network is expected to reach 10,000.

image
Business Standard
177 22
Widgets Magazine

More News

  • IndiGo yet to fully pass on gains from cheap fuel IndiGo's Aditya Ghosh gets Rs 21-cr incentive after record profit
  • People queuing for Jio sim card outside Reliance Digital Express store in Lucknow Jio's preview offer to cover Micromax & TCL users
Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard