Yatra.com (NASDAQ: YTRA) data analysis has revealed that air bookings growth in Tier 2/3 cities (all cities apart from the top 8 cities in India) in 2016 outpaced overall air market growth in the region,.
India has recorded over 20% y-o-y growth each month through 2016 – as per IATA data released earlier this week. According to IATA, this growth momentum continued into January with 26.6% y-o-y growth.
Yatra´s data analysis shows that the top 3 Tier 2/3 markets in 2016 were Goa, Kochi and Guwahati, with Goa taking the top spot amongst these markets.
Yatra Online, Inc., the parent company of Yatra.com, recently listed on the NASDAQ under the ticker YTRA. Yatra has an inventory of over 62,000 hotels in India and over 3000 homestays across 130 cities within India.
Yatra Online, Inc is the parent company of Yatra Online Pvt Ltd which is based in Gurgaon, India. 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 leading platform of accommodation options, Yatra provides real-time bookings for more than 62,000 hotels in India and over 500,000+ hotels around the world.