Technology and Internet
HappyEasyGo gets new series B investors aboard for expansion plans
11 Dec 2019
The country’s overall travel market is estimated to become a $48 Bn industry within the next three years, according to a June 2017 Google India-BCG report. Some of the leading players in the market include MakeMyTrip, Yatra, ixigo, Cleartrip, etc.
Outbound tourism spending in India is expected to surpass $42 Bn by the end of the year 2024.
A 2018 Praxis Global report says that the online travel market in India, led by flight and hotel aggregators, is expected to touch $13.6 Bn by 2021 and will account for almost 43% of the total travel category in the country.
The report said most of the growth in the Indian travel market would come from the increasing penetration of international flight and hotel bookings offered by online portals such as Cleartrip, MakeMyTrip, Yatra, and others.
This article was originally published on Inc 42. Read more.
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