Cleartrip

The improved performance will be led by revenue growth, expansion in business-to-business (B2B) category and lower marketing spends

Cleatrip, which was acquired by Flipkart in a distress sale last year now becoming one of the fastest-growing online travel platforms

Flipkart Hotels will provide room bookings at 3 lakh domestic and international hotels. It will offer customers services like flexible travel and booking-related policies, and easy EMI options

This is the highest single day passenger traffic since resumption of air travel in May 2020

The Boards of Directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022.

Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers. This strategic association between Yatra and Cleartrip, both leading brands in the online travel space in India, aims to provide a boost to the entire hospitality and travel ecosystem and uplift the sentiments of both customers as well as suppliers for hospitality as the industry emerge out of the pandemic, according to a statement. Under this agreement, Cleartrip customers will now have access to Yatra.com's inventory of 94,000 hotels and homestays in over 1,400 cities and towns, the online travel company said. The addition of Yatra's inventory with real-time pricing on Cleartrip, will enable both domestic and international travellers to have access to a wider selection of relevant and ideal accommodations to meet their travel needs. Yatra.com will also benefit from this association through the large customer base of

The additional hiring will be across tech, product, growth and emerging business areas, it added

The deal is expected to close in November, subject to customary closing conditions

As part of this investment, the Adani Group will acquire a significant minority stake in Cleartrip. The companies didn't reveal the value of the transaction

All employees to be retained even as Cleartrip works closely with Flipkart to further develop technology solutions and make travel simple for customers

Cleartrip will continue to operate as a separate brand, retaining all employees, says Flipkart

Easy Trip has no listed peers in the domestic market, having a similar operating model although it faces competition from private players like Cleartrip, MakeMyTrip and Yatra Online

The move would help the e-commerce giant diversify its business and tap the opportunities in the travel space, according to industry sources

Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual on ground support service and itineraries for inbound tourists

Loyalty on the radar, online travel agents sharpen the hook

Acquisition to help Cleartrip better tap online travel market in West Asia at a time when intense competition is delaying profitability back home

To address the quality issues related to service delivery by vendors, Cleartrip is building in-house technology capabilities that would help it organise and manage multiple layers of experiences

Cleartrip's losses more than doubled to Rs 64.6 cr from Rs 29 cr in the previous year