Online Travel Portals

EaseMyTrip has acquired a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare for Rs 30 crore

Hospitality technology firm OYO on Monday said it will add 750 hotels on its platform in the next three months in over 35 leisure markets to tap the festive and winter tourism season. Majority of the new hotels will be incorporated under OYO's premium brands such as Palette, Townhouse, Townhouse Oak, and Collection O, the company said in a statement. OYO said its key focus markets are Goa, Jaipur, Mussoorie, Rishikesh, Katra, Puri, Shimla, Nainital, Udaipur, and Mount Abu for the new hotels addition. "Our expansion in these leisure markets also aligns with our mission to provide quality accommodations and memorable experiences to travellers. The influx of new hotels will not only boost tourism, but also provide employment opportunities for local communities," OYO Chief Merchant Officer, Anuj Tejpal said. Citing a recent government report, OYO said the number of foreign tourists who arrived in India this year during January-June is 106 per cent more than the figure for the ...

The Initial Public Offering (IPO) of travel company Yatra Online Ltd was subscribed 11 per cent on the first day of bidding on Friday. The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer, according to NSE data. The category for retail individual investors received 55 per cent subscription while the quota for non-institutional investors got subscribed 3 per cent. The IPO has a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 equity shares. The IPO is in the price range of Rs 135-142 per share. Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore towards investment in customer acquisition and retention, technology, and other organic growth initiatives.

Looking back at the last year, people from Vietnam (95 per cent) and India (89 per cent) embarked on the most journeys

The hike in airfare prices is a result of the increased cost of aviation turbine fuel, according to ixigo's data

One thing about booking at the eleventh hour is the thrill of not knowing where you're going till the very last minute; also, you can get a good deal both at the hotel and the airline

Higher pace of vaccination, lifting of lockdown curbs is aiding recovery; but it is clipped as only 72.5% of airlines are allowed to fly as per present rules

The company is taking certain steps especially on the corporate side of business

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

Since December 1, around 270 hotels in the city had stopped entertaining customers

Budget hospitality chain OYO said it is also offering up to 50% off on booking on certain days