Partnership24 Jun 2024, 02:09 pm
Paytm Expands Travel Market Share with Global Partnerships and Innovative Solutions
AI Summary
One 97 Communications Ltd, the parent company of Paytm, has announced significant growth in its travel segment. The company has partnered with leading global travel aggregators such as Skyscanner, Google Flights, and Wego. Paytm maintained its upward trajectory in market share among OTAs, with flight bookings showing a notable year-on-year increase of ~19%. The company is also the second-largest OTA in train bookings and has witnessed growing preference among travelers for their commuting needs. The recent NDC integration with Amadeus is a significant milestone.
Key Highlights
- Partnerships with leading global travel aggregators like Skyscanner, Google Flights, and Wego
- Continued increase in market share in Q4, with Paytm Flight flown passengers growing by ~19% versus industry growth of ~3%
- Second largest amongst Online Travel Aggregators (OTAs) in Train bookings in Q4'24
- Recent NDC integration with Amadeus, featuring Singapore Airlines and Qatar Airways as the first two airlines on NDCx
- High growth in Free Cancellation feature in Trains, Buses, and Flights