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Online Travel: Looking into the future Mudit Khosla Yatra Online Pvt. Ltd. May 02, 2008. I have. I have. Higher income. and I also have. More stress. I have. More success. But I have. Less time. All these are…. All these are…. Creating reasons to travel,. All these are….
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Online Travel: Looking into the future Mudit KhoslaYatra Online Pvt. Ltd.May 02, 2008
I have • Higher income
and I also have • More stress
I have • More success
But I have • Less time
All these are… Creating reasons to travel,
All these are… Creating reasons to travel, more
And I need my travel booking to be • Faster • More convenient • Transparent • Cheaper
And hence a need for Online Travel Services
Where is Online Travel headed? • Online travel market projected to cross $6 billion by the end of 2010 • Growing at more than 60% yoy • Will hopefully be about 25% of the total travel market by 2010 • Growth will further get accelerated with higher broadband PC and mobile penetration. • Supplier websites and OTAs will drive the growth
You ain’t seen nothing • Currently domestic air & rail tickets are driving online travel. Hotels, holidays, pilgrimage and International travel is picking up too.
You ain’t seen nothing • Currently domestic air & rail tickets are driving online travel. Hotels, holidays, pilgrimage and International travel is picking up too. • 100,000 hotel rooms available • Additional 100,000 will be available in next few years • More than 8 million outbound travellers • More than 6 million inbound visitors
Key online enablers • Empowerment to the customer • Ease of comparison • Any time, Any where travel bookings • Best deals, always
Key online enablers • Many payment options • Credit cards • Net Banking • Cash card • Pay through the mobile • Pay by Cash
Key online enablers • Partnership with banks gives access to rich database • Touch of button and connect with 25 million credit card users • Touch of button and connect with 150 million bank a/c holders • Cash cards – a big success story
But. There are challenges too… • Rising Ticket prices • Shrinking margins • High offline (read: call centre) costs
Opportunities – Going Forward • Cross Selling - Value Added Services …
Opportunities – Going Forward • Cross Selling - Value Added Services … • Travel insurance • Global SIM cards • Visa • Credit cards • And more …
Opportunities – Going Forward • Cross Selling - Value Added Services … • Travel insurance • Global SIM cards • Visa • Credit cards • And more … …from ticket sellers to total travel solution providers
Opportunities – Going Forward • Traffic monetization through …
Opportunites – Going Forward • Traffic monetization through • Ad Sales • SMS / email marketing • Co-branded Credit cards • And more …
Opportunites – Going Forward • Traffic monetization through • Ad Sales • SMS / email marketing • Co-branded Credit cards • And more … …from commission agents to smart brand marketing platform
Clearly, its an open sky and time to fly.