Digital marketing and distribution to the highly fractured global hotel industry is a hot category that's attracting lots of funding and attention. Let's see what RezNext CEO Mike Kistner, formerly of Pegasus Solutions, now a competitor, can do with a nimble startup as opposed to a legacy hotel distribution company.
Concur still has only a minority stake in Cleartrip, but clearly Concur's $68.3 million total investment in Cleartrip shows that Concur considers Cleartrip and India as a strategic investment.
Cleartrip has improved its mobile game from site to app – a necessary move to keep up with the global trend of mobile reservations – but they’ll need to quickly add on more services to remain ahead of the trend.
Mobile may soon outpace desktops in India as the preferred way to book travel and Cleartrip clearly seems to be out front in its smartphone platform.