GURGAON, India and NEW YORK, January 3,
2018 /PRNewswire/ --
Yatra.com (NASDAQ: YTRA; OTCQX: YTROF),
India's leading online travel
services provider, has launched a self-booking platform for Small
& Medium Enterprises (SMEs) to provide them with comprehensive
and convenient travel solutions. This easy to use online platform
includes a range of enhanced features empowering SMEs with
automated processes to fulfil their business travel needs.
(Logo:
http://mma.prnewswire.com/media/538225/Yatra_Logo.jpg )
SMEs will have the capability to manage their company and
employee profiles, travel policy compliance and approval workflow.
This GST complaint system will allow users to access a curated
range of flight and hotel options as per company travel policies
with an in-built trip approval process.
As part of this offering, SMEs will get customized hotel
options, competitive corporate rates with cancellation/change fees
waived or reduced as per airline terms. Additionally, the system
will provide access to real-time MIS reports in order to enable
SMEs to closely monitor their travel expenditure.
Commenting on this development, Dhruv
Shringi, Co-Founder & CEO, Yatra.com said , "Yatra's
latest self-booking platform significantly reinforces our position
in the large and growing corporate travel market in India. The platform will revolutionize the way
business travellers search and book flights & hotels,
ultimately saving both time and money in the process. We believe
that this technologically advanced platform will empower SMEs to
control their travel needs, while at the same time making it
inherently easier for their employees to make bookings in an easy
and convenient manner."
With the goal to be 'India's
Travel Planner', Yatra.com has been providing a 'best in class'
customer experience. With this new launch, Yatra further
strengthens its position as India's largest independent corporate travel
service provider.
Safe Harbor Statement
This 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 release
is provided as of the date of issuance of this release, and we do
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
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 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 70,000 hotels in
India and over 800,000 hotels
around the world.
Customers can access Yatra in multiple ways: through a
user-friendly website, mobile optimised WAP site and applications,
a multi-lingual call centre, 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.
For further information, please contact:
Manish Hemrajani
Yatra Online, Inc.
VP, Head of Investor Relations
Manish.Hemrajani@yatra.com
+1-646-875-8380