Travelocity, Expedia to enter India

Mumbai: The entry of two global online giants — Travelocity and Expedia.com — couldn’t have been more perfect as they attempt to expand their reach in the country.
While Travelocity will be entering India with its Singapore-based online company Zuji, Expedia is yet to announce its detailed plans.
Expedia.com is one of the leading online travel providers, with $4,261 million as gross booking for the third quarter ended September 30, 2006, and revenue for the same period was $613.9 million.
The company claimed to have attended to about 25 million travellers per month. Similarly, Travelocity’s gross travel bookings were $7.4 billion for 2005, translating to a revenue of $830 million for the same period.
According to the press release on Zuji’s site, it plans to establish a specialist online travel team in India with a view to launch a ‘Travelocity India’ site.
The team will be based in Mumbai and will be supported by Zuji’s regional headquarters team in Singapore. The company has already identified Himanshu Singh to head the Indian Travelocity team.
01/02/07 Leslie D'Monte & Shivani Shinde/Business Standard

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Categories: General Aviation feb 2007