Paytm is making entry into another fast growing online Hotel Bookings. Going forward, Paytm will be offering hotel bookings on its platform in partnership with third party players like Goibibo, Ezeego1, Via and TSI-Yatra.
Vijay Shekhar Sharma, Founder and CEO of Paytm told Paytm india , "Travel has emerged as a very important category for us as the penetration of online booking is still very low in this vertical. The opportunity for the hotels category is immense, especially because the transaction penetration is still low in Tier II and III cities as far as travel concerned."
Sharma is hopeful that hotel bookings on Paytm will contribute over Rs. 500 crore revenue in the next six months.
Interestingly, Paytm wants to offer international Hotel bookings as well. While in phase 1, only domestic bookings will be offered, in phase 2, they plan to go international in partnership with leading global platforms like Expedia and Booking.com.
As per reports, Paytm will have an inventory of over 20,000 hotels in phase 1 and is expected to rise to 35,000 shortly after launch.
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