e-commerce generated through e-ticketing and e-travel in India is set to double by 2006-07. The fast growing low-cost airline business coupled with increasing online hotel reservations is fuelling this growth, industry sources said.
According to sources, e-travel business, wherein consumers book hotel reservations online, is expected to jump over 90% to Rs 1,800 crore by the next financial year, from Rs 976 crore in 2004-05. Booking of air tickets through the Internet is also estimated to double to Rs 1,600 crore next year from Rs 800 crore last year.
We sell about 800 tickets and hotel reservations a day through our website. We believe that with several low-cost airlines becoming operational, e-ticketing category will grow tremendously, Deep Kalra, founder and CEO of makemytrip.com said.
Among the existing low-cost airlines, industry estimates put Air Deccan as the leader in e-ticketing with over 60% marketshare followed by Spicejet (10%), Kingfisher (8%) and Air Sahara (7%), industry sources said.
The rapid growth in e-ticketing and e-travel business is also attracting foreign companies to set shop in India.
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