Online Travel portals
Makemytrip announced that they have already crossed $100 million in sales this year and are planning to end this fiscal year with $120 million in sales. Thanks to the tremendous growth in the Indian aviation sector which has given birth to a whole lot of online portals. These portals are today helping customers plan their entire trip from leaving home to getting back to home!
The commissions are generally 5% of the sales, which means a cool $6 million income for Makemytrip. It has nearly 50% of the market share and others like Yatra, clearmytrip share the other 50%.
+ Aviation and travel in general booming!
+ Credit card penetration increasing. These models are enirely driven by credit cards.
- Too many players already. But yes it will drive innovation in terms of features and all..
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