Yatra Online revenue up 33%

Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), India´s online travel company, has announced its unaudited financial and operating results for three months ended September 30, 2017, the company said.

Yatra Online, Inc.´s financial and operating results for the three months ended September 30, 2017, include the financial and operating results of Air Travel Bureau Limited for two months in which it acquired a majority ownership stake on August 4, 2017.

Revenue increased by 33% year-over-year (YOY) to INR 2,575.3 million. Revenue Less Service Cost[1] increased to INR 1,689.8 million, representing an increase of 46.1% YOY.

Revenue Less Service Cost[1] from Hotels and Packages increased to INR 320.1 million, an increase of 42.3% YOY. Standalone Hotel Room Nights Booked during the quarter of 0.4 million, represented an increase of 47.7% YOY.

Revenue Less Service Cost[1] from Air Ticketing increased to INR 1,200.1 million, an increase of 40.3% YOY. Gross Air Passengers Booked were 2.2 million representing YOY growth of 31.7%.

Total Gross Bookings (Air Ticketing and Hotels and Packages) [3] reached INR 21.9 billion representing YOY growth of 40.2%.

Yatra Online, Inc is the parent company of Yatra Online Pvt Ltd which is based in Gurugram, India and is one of India´s online travel companies and operates the website Yatra.com. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a platform of accommodation options, Yatra provides real-time bookings for more than 70,000 hotels in India and over 500,000 hotels around the world.