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This is just in: According this news piece Tencent Holdings Ltd a hongkong listed firm said it has secured an option to acquire up to 50 pct of MIH India Global Internet Ltd. They will be doing so by investing about 7.5 million $ over the next 3 years in the company. As some of you might know that Ibibo.com and its family of sites i.e. dwaar.com and onefamily.com which form a part of Ibibo Web Pvt Ltd in India are owned by MIH India Global Internet Ltd.

Online travel has been a really bitterly fought segment with tonnes of funded players and many of them having more money than they need. With so many options to buy tickets Travel aggregators have come to fore and have got funding themselves. And now even portals like Ibibo has jumped on to the travel bandwagon. [...]

Yatra.com, one of the online travel website that offers booking tickets have reached a revenue of 120mn$ by the end of 2007 and now claims to reach the sales of 210mn$ in2008. Country’s online travel market has been increasing companies are stepping into this market with a thought of increasing their online revenue.
 
 
Sometime back, Yatra.com [...]

Travel planning and booking on the web are among the most popular online activities and online travel sales are growing at an explosive rate in India.Online travel in India is expected to double by 2008, reaching a value of $2 billion. Some 65 per cent of the online travel market will then be controlled by [...]

Few days back we had discussed about Travelguru TAP’ing with bloggers and website holders. Travelguru is focusing on hotels now which itself is a big market whether for business travelers or leisure travelers. Though it is easier and faster to book through an online travel portal like Yatra and ClearTrip,   these travel portals still do [...]

There are two tie up news this week both concerning Sify Technologies.
 
Sify ties up with Yatra.com 
 
In the first one Sify has tied up with Yatra.com to provide on counter payment through sify cafes (im assuming) for yatra’s air tickets. Consumers can book all domestic airlines tickets with instant confirmations, hotels and resorts by paying cash over the [...]

We had earlier mentioned in our blog that online travel bookings are booming in India. It is one of the hassle free ways to book your tickets instantly. Lately many of the offline players are switching over to online for better presence and to cover larger number of audiences, attractive discounts and other promotional packages [...]