India Travel airline business could also be struggling stay} afloat nevertheless on-line flight bookings remain a lucrative growth chance, a minimum of for the foreign companies. The US-based Expedia that entered Indian market in early 2008 has chalked out plans to capture a bigger pie of the country's $22 billion (Rs 113,000 crore) travel market.
"Online travel and flight bookings in India is growing annually at a strong 32-33%, that is one in all the fastest across the globe," Dan Lynn, CEO Expedia Air Asia told HT. "This is that the right time to boost up our business initiatives."
Lynn added that the company's growth strategy lies in giving complete India Tours packages that will embrace booking for hotels and buses excluding the flight tickets. Of the $22 billion India's travel market, transactions price $7 billion (Rs thirty five,000 crore) happen on-line at the moment.
"We can supply, 'pick and opt for' facility whereby a personal will choose hotels and flights in keeping with their budget and preference," he said and added that the majority different travel sites supply pre-packages tour choices that leave very little alternative for a client. In sync with its commitment to supply nice client expertise, Expedia Air Asia has suspended flight bookings for the beleaguered Kingfisher Airlines.
Lynn said that the corporate has tie-ups with all airlines excluding around 3000 India hotels and major bus operators in India that will place it a lot of before different players within the league. Expedia has earmarked an investment of $20 million (Rs one hundred crore) in India by 2013.