Yatra Focuses on Corporate Travel as Consumer Business Faces Competition
Skift Take
As Yatra looks at ways to workaround competition in its consumer business, the company is continuing to scale its corporate travel segment to drive profitability.
Indian online travel agency Yatra continues to face headwinds with its consumer business – can the corporate travel side pick up the slack?
During the July-September quarter, the company reported a 68% year-on-year increase in gross bookings in its hotels and packages segment. The growth came from strong corporate hotel performance, as well as MICE (Meetings, Incentives, Conferences, and Exhibitions).
“While the challenges remain in the business-to-consumer (B2C) segment, we are highly encouraged by the strong momentum we are experiencing in our corporate travel business," said Yatra CEO Dhruv Shringi in an earnings call Wednesday.
