Paytm Domestic Hotel Bookings
Paytm participated in hotel booking on Wednesday and announced the acquisition of a luxury hotel-booking platform Nightstand, which offers deals on last-minute bookings. The digital payment brand owned by One97 Communications is set to invest Rs. According to the press statement, to increase its operations and expand the hotel-booking portfolio to Rs 500 crore Apart from this, Paytm in the plan to take advantage of her deal with Knight stay located in Noida to increase its new move. Knights’ co-founder and CEO Nasr Khan will lead the newly launched hotel-booking category in Patiala.
With the latest development, Paytm said that customers can reach more than 50,000 rooms daily by hand-picked hotels. It has initially tied up with more than 5,000 hotels of the budget, luxury and business segments. The goal of this number is to reach 2 million hotels and there are 50 million rooms available in the first 18 months with global accommodation available globally. Apart from this, the aim of the unit is to emerge between Asia’s major hotel booking platforms by 2020 – the choice of Cleartrip, Goibibo, MakeMyTrip, and Oyo.
Other series include the Zuri, Sarovar, Treebo, Versatus, Sterling, Ginger and Bloomroom in the list of the initial partners of the new venture. The company said in the statement that PettyM is also ready to work with partner hotels to enable technology-driven solutions for customers.
The new step of Peti Mim is aligned with the previous steps, which involves a partnership with Indian Railway Catering and Tourism Corporation (IRCTC) and Andhra Pradesh State Road Transport Corporation (APSRTC). The main purpose of the unit is to widen the corner of your journey which is already enabling train, bus and flight ticket booking. Earlier this year, Paytm also started offering foreign currency booking for international travelers.
Beginning in 2014, the trip to Patyam is vertical, which is formally called the Petition Yatra, claiming that more than 60 million tickets are sold every year and there is a leading player for a ticket, bus and flight ticket booking.
Chief Financial Officer, Patyam Madhur Deora said, “The introduction of domestic hotel booking is an important step as it will help travelers of the country to plan in a convenient way and book their correct travel on Paytm.” “We want to offer comprehensive travel selection on our platform, and look forward to continuing our expansion with the help of our trusted travel partners.”
Knights’ mine will lead the hotel booking enterprise in PettyM and will also be responsible for its overall development and development. The financial terms of the acquisition were not disclosed.
Khan said in the statement, “I believe that my experience of this domain will help in providing a pleasant experience to our users jointly with the accessibility and reliability of the platform.”