GURGAON, India and NEW YORK, January 3, 2018 /PRNewswire/ --
Yatra.com (NASDAQ: YTRA; OTCQX: YTROF), India's leading online travel services provider, has launched a self-booking platform for Small & Medium Enterprises (SMEs) to provide them with comprehensive and convenient travel solutions. This easy to use online platform includes a range of enhanced features empowering SMEs with automated processes to fulfil their business travel needs.
SMEs will have the capability to manage their company and employee profiles, travel policy compliance and approval workflow. This GST complaint system will allow users to access a curated range of flight and hotel options as per company travel policies with an in-built trip approval process.
As part of this offering, SMEs will get customized hotel options, competitive corporate rates with cancellation/change fees waived or reduced as per airline terms. Additionally, the system will provide access to real-time MIS reports in order to enable SMEs to closely monitor their travel expenditure.
Commenting on this development, Dhruv Shringi, Co-Founder & CEO, Yatra.com said , "Yatra's latest self-booking platform significantly reinforces our position in the large and growing corporate travel market in India. The platform will revolutionize the way business travellers search and book flights & hotels, ultimately saving both time and money in the process. We believe that this technologically advanced platform will empower SMEs to control their travel needs, while at the same time making it inherently easier for their employees to make bookings in an easy and convenient manner."
With the goal to be 'India's Travel Planner', Yatra.com has been providing a 'best in class' customer experience. With this new launch, Yatra further strengthens its position as India's largest independent corporate travel service provider.
Safe Harbor Statement
This 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 release is provided as of the date of issuance of this release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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 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 70,000 hotels in India and over 800,000 hotels around the world.
Customers can access Yatra in multiple ways: through a user-friendly website, mobile optimised WAP site and applications, a multi-lingual call centre, 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.
For further information, please contact:
Yatra Online, Inc.
VP, Head of Investor Relations
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