Travellers Can Now Book Railway Packages on MakeMyTrip
Released on: January 22, 2008, 8:51 pm
Press Release Author: Navita Berry
Industry: Entertainment
Press Release Summary: Portal Enters Into Alliance with IRCTC to Sell Holiday Packages
Press Release Body: Delhi, January 21st, 2008: MakeMyTrip, India's leading online travel portal has entered into a strategic partnership with IRCTC to sell customized Rail-holiday packages. This move extends the choice of holidays that the web-site offers to its customers, providing travellers the options of best-deal railway packages along with air-tickets, hotel bookings and holidays - all at a single platform.
Elaborating on this development, Mr. Sachin Bhatia, CMO & Co-Founder (MakeMyTrip) said, " We endeavor to be the one-stop shop for all travel needs, and are constantly looking to broad base our existing range of comprehensive travel solutions. The tie-up with IRCTC will empower travellers by providing them greater choice and flexibility when planning holidays. It is also of long-term strategic significance for us. Going forward, we intend to leverage existing synergies to our mutual advantage."
At present, the service is available through the toll-free numbers 1-800-11 8747 (from BSNL & MTNL phones) and 1-800-102 8747 (for Airtel subscribers). Travellers booking through MakeMyTrip have the advantage of accessing a variety of payment options offered by the portal. These include online payment by credit cad, debit card/ online banking, cash-on-delivery and mobile banking.
About the online travel industry At 40% year on year growth, the online travel industry is a rapidly growing space, and is estimated to be worth US$ 2 billion by 2008. The travel boom, emergence of low cost carriers, proliferation of the internet and the growing acceptance of e-commerce over the last few years, are key factors that have contributed the emergence of this sector as a formidable force in the overall travel industry. According to industry estimates, the offline travel industry is expected to see its share drop from 32% in 2005 to 10% in 2008, owed to the growth in revenue of online travel agents. Make My Trip.com was the first online travel agency in India, and is the current market leader.
About MakeMyTrip India The India business of MakeMyTrip was launched in September 2005. As the first and only comprehensive online travel site with real time booking for flights, hotels, holidays and cars, MakeMyTrip.com is heralding a revolution in the way travel is bought in India.
After a successful launch, MakeMyTrip continues to lead the market with innovative products and services. In 2006 - 2007 it helped people plan over 1 million trips. They sell over 8000 flight tickets, 1000 hotel room nights and over 100 holiday packages every day. The site attracts over 3.5 Million unique visitors every month according to ComScore Media Matrix, an independent internet research agency.
Headquartered in Gurgaon, MakeMyTrip crossed Rs. 562 Crores (USD 125 Million) in the last fiscal year, which is approximately 180% growth from the registered sales of Rs. 200 Crores (USD 42 Million) in 2006. The projected turnover for 2007 - 2008 fiscal year ending March 2008 is Rs 1000 crores (USD 250 million), which is 78% growth from the previous year.
About MakeMyTrip US MakeMyTrip.com was launched in 2000 to cater to the niche USA to India travel market. Since its inception, it has been growing at a fast pace to emerge as the foremost travel website in the US to India market. MakeMyTrip.com has 3.5 % share of this NRI market, which is pegged at Rs 4500 crore (USD 1 Billion).
With over 100,000 customers and 130,000 registered users in the US, MakeMyTrip has a renewal rate of 30%. NRI's can book tickets to India online or call our Travel consultants who are available 24x7 on US toll free 1800-India-10. The unprecedented growth rate, superior technology , excellent customer service and over three years of profitable operations, has established MakeMyTrip as the number one destination for NRI's when looking to book travel to India.
MakeMyTrip offices are located in over 8 cities in India.
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