GURUGRAM, India and
NEW YORK, April 18, 2019 /PRNewswire/ -- Yatra Online, Inc.
("Yatra" or the "Company") (NASDAQ: YTRA) and (OTCQX: YTROF),
India's largest Corporate Travel
service provider and one of India's leading online travel companies, has
recently announced addition of Sony Pictures Network to its client
data base for travel bookings. With this win, Yatra.com further
strengthens its corporate B2B segment, highlighting their seamless
service and technological expertise.
Being one of the biggest broadcasting services in India, Sony Pictures Network will benefit from
fully automated booking procedures of Yatra.com, which will provide
their employees with a user-friendly experience.
Commenting on the signing of Sony Pictures Network as a
customer, Dhruv Shringi,
Co-Founder and Chief Executive Officer, Yatra Online, Inc.,
said, "Over the years, companies look forward to integrated
technological solutions which are efficient and seamless for their
employees. We at Yatra.com, have been working hard to give a hassle
free, policy compliant platform for the business needs of these
employees by innovating and introducing state-of-the-art
technological developments. Having Sony Pictures on board, we are
happy to venture into the broadcasting industry, further
strengthening our clientele."
Sharing his happiness, Mr. Srinivas Mukkari, AVP-
Employee Services, Sony Pictures, said, "Through
technological expertise of Yatra.com, we hope to meet the corporate
travel needs of our employees, and are glad to collaborate with
them to provide a high level quality service which will be of great
assistance to us. The booking procedures will be managed in a much
more unified manner, thus cutting down the administrative cost and
time."
In the course of time, Yatra.com has built upon their corporate
travel segment and given value added travel solutions to employees
belonging to their client base. These market-leading solutions have
the capability to cover all business travel needs with technology
enabled policy compliance. The company has collaborated with Chrome
River Technologies (a SaaS company) to give expense management
solutions as well. The aim to provide employees with best possible
corporate deals to existing client base, and to sign new ones at a
healthy pace - all of which is a testament to the people, robust
content, and Yatra.com's technology and service innovation.
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 800 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, Head of Investor Relations
ir@yatra.com