Articles tagged “yatra”

Hotels

Daily Podcast: Omicron Batters Hotels Worldwide

Good morning from Skift. It's Monday, January 24, in New York City. Here's what you need to know about the business of travel today.

Rashaad Jorden | 6 hours ago
Daily Podcast: Omicron Batters Hotels Worldwide

Business Travel

Sabre Exec Joining Board of India’s Yatra in Win for Activist Investor Maguire

Sabre’s chief commercial officer Roshan Mendis has become an independent director, which seems enough to settle a dispute that could have derailed Yatra's plan to go public.

Matthew Parsons | 3 days ago
Sabre Exec Joining Board of India’s Yatra in Win for Activist Investor Maguire

Business Travel

India’s Yatra Leans More on Freight Delivery Than Corporate Travel for Recovery

This push into cargo is risky, because Yatra needs as many investors on its side as possible as it prepares to go public in its home country, where corporate travel stands to rebound strongly.

Matthew Parsons | 3 weeks ago
India’s Yatra Leans More on Freight Delivery Than Corporate Travel for Recovery

Business Travel

Activist Shareholder in Tussle With India’s Largest Corp Travel Manager Yatra

The activist investor Maguire has raised fair points that Yatra has taken too long to hire a chief financial officer and to hold board elections. But otherwise, CEO Dhruv Shringi and the management team have led the company well.

Sean O'Neill, Skift | 6 months ago
Activist Shareholder in Tussle With India’s Largest Corp Travel Manager Yatra

Business Travel

India’s Online Travel Agency Yatra Wants to Convert Dormant Business Travelers to Leisure Trips

It's an updated version of the classic bait-and-switch, and any travel business that comes in will be welcome after the Ebix deal fell through earlier this year.

Matthew Parsons, Skift | 1 year ago
India’s Online Travel Agency Yatra Wants to Convert Dormant Business Travelers to Leisure Trips

Business Travel

Why Yatra’s Broken Deal Won’t Help Corporate Travel’s Mergers-and-Acquisitions Prospects

As well as the devastating short-term effects, we're now starting to see how coronavirus can equally have longer lasting impacts on the corporate travel sector.

Matthew Parsons, Skift | 2 years ago
Why Yatra’s Broken Deal Won’t Help Corporate Travel’s Mergers-and-Acquisitions Prospects

Online Travel

Another Travel Merger Sunk by Coronavirus: Ebix Purchase of Yatra Falls Apart

The crisis has caused several deals in the travel sector to come undone, such as an American Express GBT deal, Wex's bid to buy Enett, and Sabre's bid to buy Farelogix. But ever since software firm Ebix offered to buy corporate travel firm Yatra in July 2019, the two companies have been squabbling. So this news isn't surprising.

Ayanti Bera, Reuters | 2 years ago
Another Travel Merger Sunk by Coronavirus: Ebix Purchase of Yatra Falls Apart

Online Travel

Ebix to Acquire India’s Corporate Travel Player Yatra for $338 Million

Corporate travel and event planning seem to be the only profitable paths in India's online travel scene, at least for now.

Sean O'Neill, Skift | 3 years ago
Ebix to Acquire India’s Corporate Travel Player Yatra for $338 Million

Online Travel

Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million

Ebix has made a generous takeover bid for Yatra, a corporate travel services provider and online travel agency, to create one of India’s largest end-to-end travel services businesses. Ebix's shrewd CEO Robin Raina is cornering the rare travel segments in India that aren't facing fierce price wars, namely, corporate travel services and currency exchange.

Sean O'Neill, Skift | 3 years ago
Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million

Business Travel

Yatra Buys PL Worldways in India-Focused Corporate Travel Push

This tuck-in deal is minuscule, but it underscores Yatra's drive to maintain its position as India's largest online provider of travel booking tools for corporations. Yatra has the potential to build an "Egencia for India" over the course of five or 10 years.

Sean O'Neill, Skift | 3 years ago
Yatra Buys PL Worldways in India-Focused Corporate Travel Push