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Cleartrip, a Mumbai-based online travel agency, is planning to expand its operations in India and West Asia. The portal provides both flight and hotel booking services.
Recently, Cleartrip has acquired Saudi Arabia-based Flyin for an undisclosed amount. It was the company’s first cross-border acquisition.
Founded in 2006, the travel agency started operations in West Asia 4-5 years ago. Its Indian business accounts for 60% of its revenues.
Stuart Crighton, Co-founder & Global CEO of Cleartrip, said, "The company is eyeing an increased presence in the GCC (Gulf Cooperation Council) countries such as Kuwait, Bahrain, Saudi Arabia and Qatar. It is also looking at foraying into Egypt."
"If we execute well, we are confident of building a good regional story. West Asia is growing at around 50 per cent year-on-year and over the next 12-15 months, our revenue contribution between India and the West Asian region should be around 50-50," he further added.
