Paytm Expands Platform to Include Hotel Bookings

Paytm Expands Platform to Include Hotel Bookings
Digital payments company Paytm has expanded its platform to allow customers to make hotel bookings and expects revenue of Rs. 500 crores from the service over the next six months.

The Alibaba-backed company has partnered with players like Goibibo, Ezeego1 and TSI-Yatra for the new service. "Travel has emerged as a very important category for us as the penetration of online booking is still very low in this vertical. The opportunity for the hotels category is immense, especially because the transaction penetration is still low in Tier II and III cities as far as travel concerned," Paytm founder and CEO Vijay Shekhar Sharma told PTI.

With the launch of this segment, Paytm will drive usage from these areas, causing a huge disruption in the travel space, he added.

"We expect this segment to contribute Rs. 500 crores to the revenue over the next six months," he said. Currently, the eCommerce platform also allows users to book bus tickets.

"In the first phase we have partnered online travel portals like Goibibo, Ezeego1, TSI Yatra, Via for domestic hotel booking," he said.

In phase 2, the plan is to offer international hotels by tying up with leading platforms like Expedia and, Sharma added.

In the first phase, Paytm will offer an inventory of about 20,000 hotels to users and the number is expected to go up to 35,000 in a short time after launch.

Disclosure: Paytm founder Vijay Shekhar Sharma's One97 is an investor in Gadgets 360.


For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Apps, Goibibo, India, Internet, Paytm
After Amazon and Flipkart, Snapdeal to Start Selling Xbox One From Tuesday
Infosys Buys US-Based Noah Consulting for $70 Million

Related Stories

Share on Facebook Tweet Snapchat Share Reddit Comment



© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on