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Yatra-Agoda partnership to make Indian hotels available internationally

Yatra has partnered with Agoda, owned by NASDAQ-listed Booking Holdings, to offer its Indian hotel rooms for Agoda’s customers. Agoda will now have access to Yatra’s inventory of accommodation options in over 1300 locations in India. (Booking Holdings also runs hotel bookings platform Booking.com.)

The catalogue also includes 6,000 Yatra Smart hotels with benefits such as free cancellation, cash-back service guarantees, room upgrades, and 24-hour check-in. Based out of Gurgaon, Yatra claims to have 700 corporate customers with 100,000 hotels listed in India and 1 million globally.

Note that Booking Holdings completed (pdf) its acquisition of Sydney-based hotel aggregator site HotelsCombined, which also has listings in India. Popular destinations such as Goa, the metro cities, and in Rajasthan, among many others. HotelsCombined will report to the company’s existing travel search brand Kayak. According to Skift, the acquisition will increase Kayak’s presence in Asia-Pacific, and its hotel listings. The publication reports that HotelsCombined already had partnerships with Booking.com and Agoda.

Flexi Stay

In October, Yatra launched Flexi Stay, an hourly hotel booking service in which customers could choose a check-in time and date while booking the hotel. It launched the service in select locations — New Delhi & Bangalore and the pilgrimage/temple towns of Shirdi and Tirupati.

Yatra appointed Mudit Shekawat as the CMO in April this year.

Financials

Yatra posted a loss of Rs 16 crore in Q2FY19, narrowed down from a loss of Rs 77 crore in the same quarter last year. Total revenue for the quarter stood at Rs 205 crore. Revenue from hotels and packages reduced to Rs 99.5 crore in the quarter, from Rs 120 crore YoY. Its air ticketing business generated revenues of Rs 80.4 crore, down from Rs 120 crore in the Q2FY18.

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