Ibibo earns profit through online flight booking
Posted on: 30/Jul/2016 5:50:57 PM
The e-commerce online flight booking company Ibibo has reported that it has earned profits.
In a report sent to the Stock Market, Ibibo has informed that it has earned a profit in the last financial year through its online flight booking business.
It is estimated that around 2 lakh persons fly daily to different places. Ibibo Founder Ashish kashyap indicated that this is likely to grow larger in future.
It is estimated that the business of online flight booking is likely to touch Rs. 900 Crores by the year 2020.So, online flight booking concerns have a bright future.
Currently, 13 percent of all hotel-booking is done online. This is expected to grow further by 40 percent.
The company reported that it earned US Dollars 9 Crores through online business and it grew by 67 percent in the domestic business.
Ibibo’s online bus ticket booking business Redbus’ has grown by 37 percent.The business set to be expanded to several foreign countries.
