wordpress blog stats
Connect with us

Hi, what are you looking for?

Cleartrip Promotes Crighton To CEO; Lays Off 42

Cleartrip, an Online Travel Agency (OTA) has appointed Stuart Crighton as CEO, taking over from investor Sandeep Murthy of Sherpalo Ventures and KPCB. Murthy is now Chairman. Crighton is one of the founders of Cleartrip. The company has also laid off 42 of its 300 employees – around 11 percent. VCCircle has the details.

Over the past few months, OTAs have come under tremendous pressure because of a decline in their commissions. That situation is expected to worsen with zero percent commissions from October onwards.

There is hope, though: crude prices have been gradually declining from their peak, and are now near $100 a barrel, down from over $140 a barrel in June, which is when Airlines went in for cost-cutting, citing high Aviation Turbine Fuel costs. With a decline in crude Oil prices, airlines might just go back on their decision to cut commissions. More on the impact of Zero percent commissions here.

Yatra Launches In US, UK; Impact Of Zero Percent Commissions
IRCTC Does $102 Million In Online Transactions In August; Payment Trends; HDFC, ICICI, Cash Cards Significant

You May Also Like


The Indian government has amended the internet shutdown rules, formally known as the Temporary Suspension of Telecom Services Rules, to restrict the validity of...


MakeMyTrip said there has been a “gradual recovery” in travel demand during the second quarter of this year, witnessing growth across all of its...


The Competition Commission of India perhaps needs to be more active in technology and take measures to prevent monopolies, MakeMyTrip’s Deep Kalra said on...


Rajasthan suspended internet in four districts — Dungarpur, Udaipur, Banswara and Pratapgarh — on Saturday after violent protests erupted in Dungarpur district on Thursday...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ