Cleartrip bets on holidays for growth; targets high-single-digit share
Flipkart-owned travel platform Cleartrip is expanding into the holiday packages market to capture a larger share of India's discretionary travel spending. The company aims to leverage its existing flight and hotel inventory to offer customizable itineraries for domestic and international travelers.
Why it matters
This move highlights the growing trend of travel platforms diversifying into full-stack services to capitalize on rising disposable incomes in India.
Cleartrip expects its newly launched holiday packages business to contribute a mid-single-digit to high-single-digit share of its overall business in the next 12 months, as the Flipkart-owned travel platform expands beyond flights and hotels to tap India’s growing discretionary travel market.
The company has entered the fragmented holiday packages segment with a model that combines flights, hotels, activities and transfers into customisable itineraries. The move is part of Cleartrip’s broader strategy to build a full-stack travel platform covering flights, hotels, trains, buses and holidays, Gaurav Patwari, Chief Business Officer, Air, Cleartrip, told The Hindu.
“We want to have mid-single-digit to high-single-digit growth in terms of holidays as a share of our overall business over the next one year,” Mr. Patwari said, adding that the segment presents a significant opportunity due to limited competition.
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