Air travel bookings surge 90% during Flipkart annual sale
Cleartrip said it witnessed during the recently concluded Big Billion Days sale.
Bookings for air travel rose 90% during Flipkart’s annual flagship sale compared with the business-as-usual period, Cleartrip chief financial officer Aditya Agarwal told ET in an interview. While bus bookings at the online travel agency grew 80%, the biggest jump was in hotel bookings that expanded three times.
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Offering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitThe sale saw a “significantly higher” participation of companies compared with last year, with more than 50 airlines, over 3,700 bus operators and around 11,000 hotels taking part, he said.
«We have never seen an event of this scale in the travel sector before. We have obviously seen what this event has done for the ecommerce industry. We have been very excited to bring this into the OTA space and see how it can deliver the same goods for travel,” said Agarwal.
“We have comfortably exceeded all the targets and all the benchmarks that we had set in terms of being able to deliver the kind of spikes that we wanted to deliver with this event,” he added.
On the 20% tax collected at source (TCS) on overseas trips costing more than Rs 7 lakh from October 1, Agarwal said the company is seeking more clarity.
Also read | Flipkart-owned Cleartrip's loss nearly doubles in FY23; income falls 17%
“There are grey areas in terms of how this will be implemented. There is a cash-flow impact for the end customer. They can claim input tax credit at the
