NEW YORK and GURUGRAM,
India, December 3, 2018 /PRNewswire/ --
Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), one of
India's largest online booking
platforms has been chosen as the preferred online booking partner
for reservations by the Hotels and Restaurant Association (HRA)
of Gujarat. In a meeting held in Ahmedabad on December 1, 2018 the association headed by
Mr. Naredra Somani, President - HRA Gujarat,
announced that Yatra.com would be their preferred online booking
partner and all bookings coming through Yatra.com will be
honoured.
(Logo:
http://mma.prnewswire.com/media/538225/Yatra_Logo.jpg )
The association has assured travellers that they can make their
bookings through Yatra.com and continue to enjoy their stay in
Gujarat.
Commenting on this announcement, Mr Dhruv Shringi, CEO & Co - Founder,
Yatra.com said, "We are humbled by the HRA's trust in us. We
share a long standing business relationship with our hotel partners
in Gujarat and will continue to work closely with them to help with
online bookings of Hotels in the state in order to ensure that no
inconvenience is caused to any of the customers making hotel
reservations in the state."
Yatra.com is the largest aggregator of hotels in India with over 100,000 accommodations across
the country.
About Yatra Online Inc.
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 100,000 hotels in India and over 1,000,000 hotels around the
world.
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, Corporate Development and Investor Relations
manish.hemrajani@yatra.com