GURGAON, India and NEW YORK, September 20,
2018 /PRNewswire/ --
Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), India's largest Corporate Travel service
provider and one of India's
leading online travel companies, has further strengthened its
position in corporate travel with the addition of Essel Group,
Bridgestone and TATA Consulting Engineers to its customer base.
These recent customer wins reinforce the technological prowess and
service level quality that Yatra provides.
(Logo:
http://mma.prnewswire.com/media/538225/Yatra_Logo.jpg )
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 gamut of
the corporate travel market in India. The corporate travel 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 service, visa & passport
assistance and more.
Commenting on the achievements, Dhruv
Shringi, Co-Founder and Chief Executive Officer, Yatra
Online, Inc. said, "Companies, these days, are looking for
integrated solutions to provide an efficient and user-friendly
experience to their employees when it comes to business travel.
Yatra aims to offer just that - an enhanced, hassle-free and time
saving platform for all business travel needs. Having clients like
Essel Group, Bridgestone & Tata Consulting Engineers on board
validates our strong ecosystem and at the same time, gives us an
opportunity to innovate and bring improved business travel booking
experiences to more companies 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 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.
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.
For further information, please contact:
Manish Hemrajani
Yatra Online, Inc.
VP, Head Investor Relations
manish.hemrajani@yatra.com
SOURCE Yatra Online, Inc.