Flipkart-owned Cleartrip hopes to make an operating profit in its core air ticketing and hotel business in 2023--its first since the pandemic three years ago, said senior executives of the online travel company on Monday.
The improved performance will be led by revenue growth, expansion in business-to-business (B2B) category and lower marketing spends.
"Overall we grew 3x in 2022. Our market share in the air ticketing segment doubled between January-December," said R Ayyappan, Cleartrip's chief executive officer.
Ayyappan said the company's growth has come from customer-friendly initiatives and branding efforts, alongside air travel in India bouncing back as the pandemic