Travelocity.com Shuts India Operations; The Sector Consolidates

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The Indian arm of the US online travel agency (OTA) Travelocity is now shut. It appears that the company which sold its hotel booking site TravelGuru to Yatra.com last year is now redirecting all its India traffic to the global site. On visiting the India site, you are greeted with a thank you page that informs you that Travelocity India is no longer operational. The site gives customer care and booking...
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Yatra.com Bullish On Acquisitions; Aims To Increase Its Hotel Segment

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There are very few companies that go from a startup to a huge turnover organization in a short span of time as Gurgaon based online travel agency yatra.com has done it in. Founded just in 2006 by Dhruv Shringi, Manish Amin and Sabina Chopra, yatra.com has done it all; raised funds, invested back and undertaken acquisitions as its corporate strategy. With 30 percent share of the total online travel...
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Yatra Acquires Travelguru; Become Largest Provider of Hotel Bookings In The Country

Source: bestmediainfo.com
Yatra, one of India’s leading online travel portals has acquired Travelguru, which is the Indian arm of US company, Travelocity. The acquisition of this competitor has definitely made Yatra’s position stronger in the Indian online travel segment.Source: bestmediainfo.comYatra has received funding from Intel Capital, Norwest Venture Partners, Reliance Capital and Valiant Capital Management....
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WWW: WAT Weekly WrapUp 8th August – 15th August 2010

This week saw the Blackberry – DoT saga continue. Most companies faced a tough week as RCOM and Airtel results showed losses, Cleartrip’s CEO and Director were arrested, Google’s South Korean office was raided, and MakeMyTrip was sued by Ezeego1. On a positive note, Munoth Communications launched a mobile phone targeted specifically for the elderly. Read about all this and much more...
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Travelocity’s Case Against Cleartrip – CEO And Director Arrested, Released

Yesterday, Cleartrip CEO Stuart Crighton and Director Amit Taneja participated (read arrested) in the investigation conducted by ACP Surender Singh, Gurgaon Police. The arrest was made based on a complaint made by Travelocity in December 2009, which accused Cleartrip of stealing data, and in doing so, caused large losses for the company. Though the duo were arrested, they were released immediately...
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Travelocity Buys Travelguru – Implications For Indian OTA Space?

In what seems to be a first of its kind deal (in terms of size – though the actual acquisition price isnt disclosed) in the Indian online travel space Travelocity – the global travel giant has acquired India’s Travelguru.com which is focused on hotel bookings in India and Internationally. Travelocity boasts of annual gross bookings of more than U.S. $10 billion and operates: Travelocity...
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Recap 2008: Online Travel

The year 2008 can be termed as the year of online travel as this space has seen immense traction all throughout the year. Whether it was launching of discounted travel, expansions, acquisitions, investments, aggregation or even shut down the online travel space has seen it all during this year. It would be an understatement to say that 2008 was an eventful year for online travel. The main players in...
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Online Travel Portals Taking Flight To Offer Cool Discount Deals

Most travel portals are catching up on the festival spree that starts right from the months Aug-Sept-Oct each year as the volume of travelers through Air, Road and Rail increases. The travel portals are coming out with a lot of discount offers such as Buy1-Get1 FREE or 50% cash back as a promotional tool which might give them the desired results and profits over a period of time. Noel Swain, vice-president...
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Online travel – Are we in a crowded space?

A lot has been spoken about how indian online travel is booming! There is also a lot of news articles on all sorts of travel sites poping up. And now it seems even international players are down in India to play the travel game! In an interview Indian MD – Himanshu Singh of the Internationally reknowned travel portal Travelocity speaks about his companies usp and strategy in India. Here...
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