GURUGRAM, India and
NEW YORK, December 4, 2018 /PRNewswire/ --
Yatra Online, Inc. (NASDAQ: YTRA)
(OTCQX: YTROF), one of India's
leading online travel companies, has entered into a strategic
partnership with Agoda, a part of Booking Holdings (Nasdaq:BKNG),
to offer its Indian hotel rooms to Agoda's global travellers. Under
this agreement, Agoda, one of the world's fastest growing online
travel agents (OTA), will now have access to Yatra.com's inventory
of more than 100,000 accommodation options in over 1300+ Indian
cities and towns.
(Logo:
https://mma.prnewswire.com/media/538225/Yatra_Logo.jpg )
The addition of Yatra's inventory with real-time pricing on
Agoda.com and the Agoda app will provide international
travellers access to a larger selection of ideal and relevant
accommodation, to suit their travel needs. The partnership will
improve accessibility to the Indian accommodation market worldwide,
leveraging Yatra's strong hotels technology platform and its
relationship with accommodation providers.
"Agoda is one of the largest global accommodation
booking platforms with excellent reach among travellers
across the world and in Asia
Pacific in particular, and we are delighted to join forces
with them. There is a strong interest from global travellers in
visiting India, and providing a
wide choice of real time hotel inventory helps ensure a
seamless travel booking experience. We believe this alliance will
not only prove beneficial for Agoda's customers, but
will also be valuable for our hotel partners, by providing them
incremental global traveller demand."
- Dhruv Shringi,
Co-Founder, CEO, Yatra.com
"We are always seeking partnerships that improve our
customers' travel experience through technology, and
by providing them access to the widest accommodation choices around
the world - at the best price. This partnership with Yatra
will further enhance our hotel inventory offer in the fast
growing Indian travel market. We look forward to making this
partnership a success."- John Brown, CEO, Agoda.
The hotel inventory provided by Yatra will include the over 6000
'Yatra Smart' hotels. With benefits such as 100% free cancellation,
cash-back service guarantees, room upgrades and 24 hour check
in-check out, available on a large number of curated budget and mid
segment, the 'Yatra Smart' brand is already the preferred choice
for India customers.
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 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
SOURCE Yatra Online, Inc.