The emerging online travel industry in India is constantly alluring global players to come with huge investment.In the last 12 months, the market has doubled its revenue, which is expected to touch $1-billion hike by the end of this year and $2 billion by end of 2008.
Industry experts anticipate that rapidly growing online travel space market will witness lot of consolidations along with expansions and new entrants in near future.Major industry giants like Washington-based Expedia and Texas- based travel portal Travelocity are eying on this lucrative market. Travelocity is also planning to come out with its India based website in Feb. Jared Blank, CEO, Tripmela.com said that Indian online travel market has great potential, which we want to capture.
Currently, the Indian online travel industry in being dominated by players like indiatimes.com, makemytrip.com, yatra.com and travelguru.com, which are planning to tie-up with global players. The industry observers say tie-ups can get new customer segment and in the next six months, the online travel space will get very aggressive and competitive.
Via: Economictimes
