Tourism Breaking News
Registering over 1 million flight and bus ticket bookings on its travel marketplace in August, Paytm will further invest Rs 300 crore on its travel business as it plans to launch new categories and ancillaries owing to its exponential growth. The flight bookings have been driving a 4X month-on-month growth and the company expects twice the growth over the next six months. Paytm’s bus tickets segment recently turned break-even while the hotels section is expected to break-even soon. Abhishek Rajan, Vice President, Paytm, said, “We have seen exponential growth in all categories and will soon offer new services to our customers. Leveraging Paytm’s significant market penetration and strong brand proposition, we hope to grow India’s online travel booking pie by introducing new customers from tier II, III towns and cities to this category.”
Paytm to invest Rs 300cr in travel marketplace
Registering over 1 million flight and bus ticket bookings on its travel marketplace in August, Paytm will further invest Rs 300 crore on its travel business as it plans to launch new categories and ancillaries owing to its exponential growth. The flight bookings have been driving a 4X month-on-month growth and the company expects twice the growth over the next six months. Paytm’s bus tickets segment recently turned break-even while the hotels section is expected to break-even soon. Abhishek Rajan, Vice President, Paytm, said, “We have seen exponential growth in all categories and will soon offer new services to our customers. Leveraging Paytm’s significant market penetration and strong brand proposition, we hope to grow India’s online travel booking pie by introducing new customers from tier II, III towns and cities to this category.”
