GURUGRAM , India and NEW YORK, October 5, 2018 /PRNewswire/ --
Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), India's largest Corporate Travel services provider and one of India's leading online travel companies, today announced the addition of Airtel, to its growing corporate customer base. Airtel is India's leading wireless operator with over 456.6 million customers and over 21,000 employees (as of June 2018). This marquee customer win clearly demonstrates Yatra's leadership position in the corporate travel segment in India and is a testament to its technological expertise and excellence of service provided to Corporate customers.
With its PaaS (Platform as a Service) offering for Large and Medium Enterprises and its Self-Booking Platform for Small and Medium Enterprises (SME), Yatra is addressing the entire corporate travel market in India. This market remains relatively underpenetrated in India with GBTA forecasting double digit growth for the segment over the next several years. Catering to the corporate travel market since 2014, Yatra has over the years built an industry-leading solution set that covers every aspect of business travel with technology enabled policy compliance, expense management solutions in partnership with Chrome River Technologies (a SaaS company), curated hotel options through its SMART Hotel initiative, foreign-exchange services, visa & passport assistance and more.
Commenting on the signing of Airtel as a customer, Dhruv Shringi, Co-Founder and Chief Executive Officer, Yatra Online, Inc. said, "Companies, these days, are looking for integrated technology solutions to provide an efficient and user-friendly experience to their employees and at the same time enforcing corporate policy when it comes to business travel. Yatra aims to offer just that - an enhanced, hassle-free, policy-compliant and efficient platform for all business travel needs. Having one of India's leading Telecom operators - Airtel - on board as a corporate customer on our PaaS platform validates our strong ecosystem and at the same time, gives us an opportunity to innovate and bring improved business travel booking experiences to leading corporates in India. Business travel across our client base has remained strong; we continue to deliver a high level of service to our existing clients and sign new ones at a healthy pace - all of which is a testament to our people, robust content, and Yatra's technology and service innovation."
Yatra is the largest corporate travel service provider in India and has revolutionized the way companies plan and monitor business travel and expenses.
About Yatra Online, Inc and Yatra Online Pvt. Ltd.
Yatra Online, Inc is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and is India's leading Corporate Travel services provider with over 700 Corporate customers and one of India's leading online travel companies and operates the website Yatra.com. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 96,000 hotels in India and over 1,000,000 hotels around the world.
Customers can access Yatra in multiple ways: through a user-friendly website, mobile optimized WAP site and applications, a multi-lingual call center, a countrywide network of Holiday Lounges and Yatra Travel Express stores.
Launched in August 2006, Yatra was ranked the Most Trusted E-commerce Travel Brand in India in the Economic Times Brand Equity Survey 2016 for the second successive year, and has won the National Tourism Award for 'Best Domestic Tour Operator (Rest of India)' at the India Tourism Awards held in September 2017 for the third time in a row.
About Bharti Airtel Limited.
Bharti Airtel Limited is a leading global telecommunications company with operations in 16 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 3 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH, enterprise services including national & international long-distance services to carriers. In the rest of the geographies, it offers 2G, 3G, 4G wireless services and mobile commerce. Bharti Airtel had over 456 million customers across its operations at the end of Jun 2018. To know more please visit, http://www.airtel.com.
Safe Harbor Statement:
This press release contains certain statements concerning the Company's future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "should" and similar expressions. Such statements include, among other things, management's beliefs as well as our strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of our shares, our reliance on our relationships with travel suppliers and strategic alliances, failure to further increase our brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop our corporate travel business, damage to or failure of our infrastructure and technology, loss of services of our key executives, and inflation in India and in other countries. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this press release is provided as of the date of issuance of this press release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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Yatra Online, Inc.
VP, Head of Investor Relations
SOURCE Yatra Online, Inc.