Cleartrip eyes 60% jump in transactions, bets on hotel business

The company has around 25,000 transactions on a daily basis

Online travel service provider Cleartrip is targeting 60 per cent increase in transactions, betting on its hotel booking segment that is poised to double annually over the next few years.

The company that currently operates in two main segments -- air booking and hotels -- has around 25,000 transactions on a daily basis, generating sales transactions of around USD 800 million per year.

"At transaction level, we expect a growth of 60 per cent going forward," Cleartrip President and Chief Operating Officer Samyukth Sridharan told PTI.

Elaborating on the key growth driver, he said: "In next few years we believe that hotel side has such large potential that it would continue to grow at 100 per cent for next few years at least."

Air side of the business will grow 40 odd per cent in next few years, he added.

Sridharan, however, said it is unclear how big the 'activities' segment that includes conducted tours, sight seeing and adventure activities among others, would grow.

"We believe it could be close to 15 per cent of our total transactions in a few years time," he said.

Launched in July 2006, Cleartrip provides travel experience to its customers through its mobile and desktop solutions.