Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), one of India’s largest online booking platforms has been chosen as the preferred online booking partner for reservations by the Hotels and Restaurant Association (HRA) of Gujarat. In a meeting held in Ahmedabad on December 1, 2018 the association headed by Mr. Naredra Somani, President – HRA Gujarat, announced that Yatra.com would be their preferred online booking partner and all bookings coming through Yatra.com will be honoured.
The association has assured travellers that they can make their bookings through Yatra.com and continue to enjoy their stay in Gujarat.
Commenting on this announcement, Mr Dhruv Shringi, CEO & Co – Founder, Yatra.com said, “We are humbled by the HRA’s trust in us. We share a long standing business relationship with our hotel partners in Gujarat and will continue to work closely with them to help with online bookings of Hotels in the state in order to ensure that no inconvenience is caused to any of the customers making hotel reservations in the state.”
Yatra.com is the largest aggregator of hotels in India with over 100,000 accommodations across the country.
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About Yatra Online Inc.
Yatra Online, Inc is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and is India’s leading Corporate Travel services provider with over 700 Corporate customers and one of India’s leading online travel companies and operates the website Yatra.com. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 100,000 hotels in India and over 1,000,000 hotels around the world.
Launched in August 2006, Yatra was ranked the Most Trusted E-commerce Travel Brand in India in the Economic Times Brand Equity Survey 2016 for the second successive year, and has won the National Tourism Award for ‘Best Domestic Tour Operator (Rest of India)’ at the India Tourism Awards held in September 2017 for the third time in a row.
Safe Harbor Statement:
This press release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “project,” “seek,” “should” and similar expressions. Such statements include, among other things, management’s beliefs as well as our strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of our shares, our reliance on our relationships with travel suppliers and strategic alliances, failure to further increase our brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop our corporate travel business, damage to or failure of our infrastructure and technology, loss of services of our key executives, and inflation in India and in other countries. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this press release is provided as of the date of issuance of this press release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Manish Hemrajani
Yatra Online, Inc.
VP, Corporate Development and Investor Relations
manish.hemrajani@yatra.com
SOURCE Yatra Online, Inc.
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