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Summer Training Report On Yatra Com
Summer Training Report On Yatra Com
ON
MARKETING STRATEGIES OF YATRA.COM
AT
SUBMITTED BY:
KRITI MAHESHWARI
Enrollment No: 00414905009
BBA (T&TM) 5th Semester
Lastly, I would like to thank the almighty and my parents for their moral support
and my friends with whom I shared my day-to-day experience and received lots of
suggestions that improved my quality of work.
Kriti Maheshwari
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
INTRODUCTION
OBJECTIVES OF THE STUDY
RESEARCH METHODOLOGY
LIMITATIONS
QUESTIONNAIRE
BIBLIOGRAPHY
CHAPTER 1
INTRODUCTION
TOURISM INDUSTRY
It has been a major social phenomenon of societies all over the world.
Driven by the natural urge of every human being for new experiences.
It acts as an instrument of economic development and employment
generation.
Globally large service industry in terms of gross revenue and foreign
exchange earnings.
Stimulates other economic sectors like agriculture, transport,
construction etc.
Tourism industry in India is on a great boom at the moment. India has tremendous
potential to become a major global tourist destination and Indian tourism industry
is exploiting this potential to the hilt. Travel and tourism industry is the second
highest foreign exchange earner for India, and the government has given travel &
tourism organizations export house status.
The buoyancy in the Indian tourism industry can be attributed to several factors.
Firstly, the tremendous growth of Indian economy has resulted in more disposable
income in the hands of middle class, thereby prompting increasingly large number
of people to spend money on vacations abroad or at home. Secondly, India is a
booming IT hub and more and more people are coming to India on business trips.
Thirdly, aggressive advertising campaign "Incredible India" by Tourism Ministry
has played a major role in changing the image of India from that of the land of
snake charmers to a hot and happening place and has sparked renewed interest
among foreign travelers.
ONLINE TRAVEL
Facilitation of information
Price Reductions
Competition
Growth of interest
Growth in low-cost carriers
Secure payment mechanisms
MAIN CHALLENGES
Such growth factors have significantly led to emergence and establishment of more
and more travel companies that makes the process of traveling simpler and
convenient for the customers. More than thousands of travel companies have laid
their hand in the field of travel and tourism and most of them have gained success.
Travel companies are the largest contributor to the country’s economy and growth
rate. One of such company is discussed in this project-YATRA.COM.
YATRA.COM
Customers can access Yatra.com through multiple ways: through our user-friendly
website, 24x7 multi-lingual call center, a countrywide network of Holiday Lounges
and Yatra Travel Express stores or through their mobile phones. Yatra.com provides
booking facility for all the popular as well as exotic national and international
destinations.
Launched in August 2006, Yatra is today ranked as the leading provider of
consumer-direct travel services in India. Yatra.com has emerged as the most trusted
travel brand in India and we were recently voted ‘Most Trusted Branded of India’
in the online travel category by Brand Equity, and also received the coveted "most
preferred online travel company" award at the CNBC/Awaaz Consumer Travel
Awards from the Hon Tourism Minister of IndiaSmt Kumari Shailja . Within this
short span of time, Yatra has shown an impressive growth by currently posting
average revenue of $60 million a month with a volume of over 10,000 tickets and 600
rooms a day. The company achieved a gross turnover of approximately US$500
million for FY 2011.
OBJECTIVES OF THE STUDY
The objective of the study is to get an insight into the working of the travel
company.
To comprehensively analyze the Online Travel Industry.
To find out the market share of Yatra.com in Indian Online Travel Industry.
To design the marketing strategies such as to
RESEARCH METHODOLOGY
The study undertaken was exploratory in nature laying emphasis on finding out
information specific to the industry. The sources utilised for data collection are
primary and secondary. Primary data was obtained by going in for personal
interview and casual interaction with employees. The secondary data was collected
from various sources like internet, magazines etc.
Data can be collected through two sources:
1. Primary Data:-
Primary sources are original sources from which the researcher directly collects
data that have not been previously collected. Primary data are first hand
information collected through various methods such as observation, interviewing,
mailing etc
E.g.. Collection of data directly by there searcher on brand awareness, brand
preference, brand loyalty & other aspects of consumer behavior from a sample of
consumers by interviewing them.
2. Secondary Data:-
These are sources containing data which have been collected and compiled for
another purpose. The secondary sources consists of already compiled statistical
statements & reports whose data may be used by researchers for their studies
.E.g., census reports, annual reports & financial statements of companies, statistical
statements, reports of Govt departments, annual reports of currency & finance
published by the Reserve Bank of India.
In this project all the data have been collected from the primary sources. I have
trued to go on field for my training purposes and have conducted a market survey
for this report of mine.
LIMITATIONS
The limitations that were faced are mentioned below:
1) The responses of the officials were not always free from bias because of some
compulsions and busy schedules did not help the matter. Also the availability of
the officials was always a cause of concern for getting relevant information.
2) Cost factor is always a cause of limitation creeping into the project, though an
effort was made to overcome it.
CHAPTER 2
COMPANY PROFILE
COMPANY OVERVIEW
Customers can access Yatra.com through multiple ways: through our user-friendly
website, 24x7 multi-lingual call center, a countrywide network of Holiday Lounges
and Yatra Travel Express stores or through their mobile phones. Yatra.com provides
booking facility for all the popular as well as exotic national and international
destinations.
At Yatra.com, Sonia is responsible for ensuring that each and every customer has a
world-class experience when interacting with us, be it in any channel: online, call
center, or retail stores. She is charged with ensuring that at each touch point the
customer experiences Yatra’s service excellence.
Dhruv in a very short span of time, by making innovations in the field of travel and
tourism, has made his unique identity in the online travel industry. He has
contributed actively in rejuvenating the methods of the industry. Since its successful
launch in January 2006, Dhruv, has lead Yatra.com to grow from a 3 member
organisation to a 700 people strong organisation - thus making Yatra.com the
leading travel brand in the country.
His most recent role prior to Yatra.com was as Director Group Operations and
Technology of the Ebookers Group, where he was responsible for sales of over $850
million achieved thruough multiple channels including online, call centers and retail
shops, 600 people and a cost budget of $70 million.
Prior to his stint at Ebookers, he worked with Ford Motor Company in their
Business Strategy team based in London, where he was part of the European
Business Turnaround team. He also has significant work experience in India having
spent over 6 years with Arthur Andersen based in their office in Delhi. Dhruv holds
an MBA from INSEAD and is also a qualified Chartered Accountant.Dhruv is an
avid reader and enjoys playing golf in his leisure time.
Manish Amin, Co-Founder & CIO
Manish Amin is returning to India after having been based in London for the past
28 years. He is a veteran of the travel industry with over 20 years experience in the
Travel and IT industry, 15 of which were with Ebookers where in his last role he was
the Head of Technology Infrastructure responsible for managing 24x7 availability of
the website and multi-location call centres of Ebookers. He managed setting up a
new data centre for the Online and Offline applications. He also helped designed
and rolled out MPLS connectivity and implemented a new Telephone system across
the ebookers Group in Europe and Delhi.
He brings with him vast knowledge and experience with proven success in Business
Strategy, Sales/Call Centre Delivery, Operations Logistics, Travel Applications,
Infrastructure, Software Development and Support Process.He is commercially
astute with a passion for driving organisational change to deliver core business
objectives.
Alok has more than fifteen years of finance and operational experience spanning
myriad roles in his career. Prior to this, Alok was the CFO of HSIL Limited, which
is the largest publicly listed bathroom products company in India. Before returning
to India, Alok spent nine years in New York where he was in Investment Banking
with Deutsche Bank, New York, and was responsible for M&A transactions in excess
of US $60 billion.
Alok is an MBA from the Darden School of Business, University of Virginia (USA).
He is also a rank holder Chartered Accountant, Company Secretary and B.Com
(Hons.) from Delhi University.
Prior to Yatra, Sabina headed India based Operations of ebookers, Europe’s largest
online travel company. She was responsible for setting up, transitioning and
management of Customer Service, Sales, Air Ticketing, Hotel Sales, Email and
Online Departments. The Sales teams, under her leadership, doubled the targets in
less than 6 months. The fulfillment teams consistently met and increased customer
satisfaction for the European countries based customers.
She has also worked with Japan Airlines, a Canadian Airline and her BPO work
experience includes heading Operations for RAC (Aviva Plc) and Hewitt Associates.
Sabina brings with her over 16 years of work experience has through knowledge of
all facets of the Travel BPO Industry and an extensive network within the Indian
travel community. Her strengths are Operations and Delivery, Customer Care and
Retention. Sabina holds a Bachelor of Arts Degree from Delhi University.
Gautam is a veteran of the travel industry having spent over 26 yrs in the industry
in cross functional roles. He has during the course of his career managed various
aspects of the business including Sales, Operations, Quality Control and Vendor
Management. Gautam has a very strong understanding of the Indian domestic
holiday market as well and has excellent relationships with the hotels and other
vendors critical for this business.
Gautam is a graduate from University of Kashmir, Jammu & Kashmir where he
studied a course in Tourism.
Prior to this he worked with BroadVision Inc. as Technical Manager and launched
e-commerce web sites for Samsclub, Nortel Networks, eMD.com, Rockwell
Automation and Wal-Mart Stores. He holds MS in Engineering from Texas A&M
University, Kingsville, USA.
Awards Won
In its tenth year, the study threw up a lot of surprises with new entrants, the
entrenched, and ones who have stood the test of time. As trust becomes a key
differentiator in the market exploding with brands, this definitive listing is a must
for marketers, advertising firms, and, of course, consumers. After considerable
brainstorming by Brand equity & Nielsen, the lists of 300 brands (217 consumer
products and 83 service brands) were finalized. Each brand was then evaluated on
several parameters. Sample size was identified on the basis of chief wage earners
who contribute maximum to the household income and the survey was restricted to
SEC A, B and C in urban India, with a view to focus on the prime target audience
for consumer-branded products and services.
The theme of the awards this year was ‘Ghoom India Ghoom’ felicitating patrons of
the Indian travel and tourism industry who have time and again proved their vision
and expertise on the global scale. CNBC Awaaz Travel Awards 2010 is the second
most significant achievement of Yatra.com in this year, after emerging as the
industry leader in the online travel space in a recently released Brand Equity survey.
CNBC AWAAZ had conducted an exhaustive consumer response survey with The
Nielsen Company with an objective to felicitate the best in the travel and tourism
industry, identify India’s travel potential, highlights decision making criteria and
gains a deeper understanding of the consumer mindset. This research study also
presented “India’s Most Preferred Travel Brands and Tourist Destinations” across
various travel categories. The research consisted of 2000 respondents comprising of
the consumers, adventurous sports enthusiasts, corporates and members of the
trade and tourism industry across 11 cities within the age group of 20 – 55 years
belonging to SEC A / B1, both males and females.
“Our winners and Finalists demonstrate that Asia is increasingly becoming a leader
in innovation, contrary to common stereotypes," said Joel Dreyfuss, editor-in-chief
of Red Herring." It was tough to choose just the top 100 finalists from such a large
list of excellent contenders, and we are very happy with the quality of the companies
we selected as finalists."
Established in August 2006, Yatra.com has fast grown to become India’s leading
travel company, serving over 1 million customers. Yatra.com believes in providing
the best in class services to its customers and reaches out to them through its
website, 24x7 call centres and 15 retail Holiday Lounges spread across the country.
Yatra.com has an employee base of more than 700. The Company achieved a
turnover of $120 million in the year 2007 and projects a turnover of US $ 220
million by the end of calendar year 2008.
Speaking on being awarded, Dhruv Shringi, Co founder & CEO, Yatra.com, said,
"We are extremely delighted and humbled to be shortlisted for this very prestigious
category. Being the only Indian travel company to be awarded endorses our position
as a leading player in the online travel space.” He also presented his innovative ideas
and technologies to an audience of leading entrepreneurs, financiers, and corporate
strategists at the event at the Hong Kong JW Marriott Hotel last week.
Yatra.com has received a lot of prestigious awards and recognitions. It has been
recognized as the ‘most used travel website’ by Juxt Consult in their India Online
Survey 2008. It has also been declared to have the ‘best brand recall’ in the travel
segment and the ‘most user friendly website’ according to the recent studies
conducted by Juxt Consult and Phocus Wright, which are independent research
organizations. Yatra.com has also been awarded for ‘Excellence’ in August-07 by
TTF-OTM (India’s biggest travel show).
About Red Herring Red Herring is a global media company, which unites the
world’s best high technology innovators, venture investors and business decision
makers in a variety of forums: a leading innovation magazine, an online daily
technology news service, technology newsletters and major events for technology
leaders around the globe. Red Herring provides an insider’s access to the global
innovation economy, featuring unparalleled insights on the emerging technologies
driving the economy. More information about Red Herring is available on the
Internet at www.redherring.com.
TOTAL REVENUES
Averaging revenues of Rs.100 crore a month and a volume of more than 6,500 air
tickets and 300+ hotel room nights per day, its turnover currently stands at Rs 1,500
crore. The company is targeting total revenues of $220 million by the end of the
fiscal 2009-10.
YATRA INVESTORS
TV18 Group
Television Eighteen (TV18) is India's premier business and consumer news
broadcaster (CNBC TV18, CNN-IBN and Awaaz) and a leading media content
provider and Internet player (running moneycontrol.com, commoditiescontrol.com
and ibnlive.com). Besides that, it has, over the last decade, provided prime time
television content to almost all leading satellite channels in India including BBC,
Star Plus, Sony Entertainment Television, Zee, MTV and Discovery. It is among the
fastest growing media companies in India with a CAGR of almost 100% since its
inception in 1993.
Among TV18's promoters are Raghav Bahl, one of India's foremost television
journalists and a brand in his own right, and Sanjay Ray Chaudhury - television's
creative phenomenon and creator of The India Show (more popularly known as The
Amul India Show). CNBC TV18 is India's leading business news channel. The
channel is a joint venture between CNBC Asia-Pacific and Television Eighteen India
Ltd. TV18 owns studios in New Delhi and Mumbai and has a news gathering
network of over 200 journalists across the country. Turner International (Turner)
and Global Broadcast News (GBN), a TV18 Group Company, also recently
announced a partnership to launch a co-branded, 24-hour, English-language general
news channel/service in India called CNN-IBN. TV18 has also launched India's first
consumer channel, Awaaz, which is growing at a rapid pace and reaches out to
India's huge consuming class. South Asia World is TV18's international channel.
It is the first English Channel dedicated to South Asian viewers across the world.
TV18 also owns and operates largest financial news and information portal -
www.moneycontrol.com
Intel Capital
Intel Capital, Intel's global investment organization makes equity investments in
innovative technology start-ups and companies worldwide. Intel Capital invests in a
broad range of companies offering hardware, software, and services targeting
enterprise, home, mobility, health, consumer Internet, semiconductor
manufacturing and cleantech. Since 1991, Intel Capital has invested more than
US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe,
168 portfolio companies have gone public on various exchanges around the world
and 212 were acquired or participated in a merger. Notable exits in India include
Rediff, NIIT, Sasken Technlogies, Indiainfoline, Sharekhan and Nipuna. In 2007
Intel Capital invested about US$639 million in 166 deals with approximately 37
percent of funds invested outside the United States. For more information on Intel
Capital and its differentiated advantages, visit www.intelcapital.com.
YATRA INVESTORS
YATRA TODAY
MARKET SCENARIO
2006
People used travel sites to look up fares but booked on airline sites.
Low cost airlines had made people getting used to booking online.
TASK AT HAND
0 to 60-in no time
Land grab
MARKETING PLAN
GOOGLE AD WORDS
DISPLAY ADVERTISING: to add to the TV activity
Yahoo!
Rediff
Sify
MoneyControl
IBNLive
EMAILERS
LEARNINGS
SET OBJECTIVES
Prioritize Markets
Set Budgets
Short Term
Long Term
Market Share
Mind Share
Valet Share
Plan online marketing keeping in mind that the new consumer has –
SCARCITY OF TIME
SCARCITY OF ATTENTION
SCARCITY OF TRUST
Start-Stop at will
Dynamic Customization
Behavioral/Contextual/Geographical targeting
Database collection
Very measurable
WHAT LIES AHEAD………
Word of mouth
Targeted
MARKETING ON MOBILES
WAP sites
SMS 2.0
Mobile coupons
Higher conversions
VIDEO ADS
ADVANTAGES
Click to play
Captive Viewing
Customize-overlays
EXECUTIVE MARKET DEVELOPMENT STRATEGY
YATRA PROMISES
Quick Refund Guarantee
Instant Cancellation
YATRA CHANNELS
Yatra.com Lounges
YATRA COMPETITORS
Makemytrip.com
Cleartrip.com
Travelguru.com
Arzoo.com
Ezeego.com
Travelchacha.com
Travelocity.com
Meratrip.com
Tripmela.com
CUSTOMER PROFILE
DEMOGRAPHIC TARGETING
PSYCHOGRAPHIC TARGETING
Is married or planning
PROFILE TARGETING
Access to Internet/Computer/Mobile
INDUSTRY POTENTIAL
Approx 3.4 lakh passengers/month
DOMESTIC AIR Above 11 lakh are booked online
TRAVELERS
Yatra.com, the travel portal, launched travel auctions on eBay India, offering
holiday packages. eBay customers will be able to bid for holiday packages starting
at Rs. 1. This is first of its kind in India.
Yatra.com forged a tie-up with eBay in January, 2010 to promote the products of
Yatra.com on eBay India. As a part of this deal, Yatra.com is featured as the
recommended travel website on eBay India’s homepage. In return, Yatra.com offers
the customers of eBay India the option to search and book travel products –
domestic and international flights and domestic hotels from www.ebay.in directly.
eBay customers can book their travel through a dedicated travel page on eBay. in
having special offers created by Yatra.com. In addition, eBay India provides
dedicated display advertising inventory to Yatra.com on its homepage and other
sections of the website. This is done by highlighting the top deals offered by
Yatra.com with the help of banners across eBay India.
With Yatra.com, you can book air tickets over the internet, through their 24×7
customer care centre, Yatra.com Holiday Lounges or by simply using your mobile
phone. Yatra.com provides room-booking facility in over 2,500 domestic hotels
across 250 destinations in India, as well as over 90,000 hotels across the world.
Yatra.com also provides hundreds of holiday packages to its customers that include
best deals and rates across the globe.
As a Yatra Barclaycard Platinum Cardholder there are no limits for you. You are
now entitled to the exciting offers from yatra.com in addition to the many benefits
offered by Visa. Our tie-ups with all major national and international carriers give
you the freedom to take any flight that is convenient to you. And no matter who you
fly with, you earn extra miles every time you fly. You can earn and redeem these
extra miles, whether you fly or not, online on yatra.com.
CHAPTER 3
FACTS
The above fact description shows the total number of visits made by visitors
to various travel company’s site during April 2009 to April 2010.From the
above facts, we can infer that TRAVEL site received the most number of
visitors in both the years, and also the frequency has increased 1.5 times. This
shows the fact that people are more aware of this site and that the company
has been marketing its brand and services well enough to capture the interest
of the people for long to make them visit their site more often in relation to
other sites like MAKEMYTRIP or YATRA ONLINE.
YATRA being a late comer in this field managed to attract close to 1200
visitors in the year 2009 and around 2000 in the year 2010,which is quite
convincing given that it has a strong competition from
MAKEMYTRIP,which is a little ahead in terms of most visited site(1710 in
2009 and 2377 in 2010).
The above graph shows the growth of online travel agencies in India from
2007-2010.It is evident that online travel agencies have nearly quadrupled in
growth in these years. In the year 2007, travel agencies were earning $477
which increased up to $790 in 2008, $1221 in 2009 and $1748 in 2010.This
goes to show that Indian Online Travel Market has been growing at an
incessant rate.
The above analytic graph shows the increasing and repetitive visits to the
Yatra page since 2006 till 2009.In the year 2006, the total number of visits to
Yatra.com was 2,928,891 which skyrocketed to 22,167,459 in 2008 and
38,080,015 in 2009.
The OTA segment in India is expected to grow by further 30-40% by the end
of 2011 fiscal year.
Yatra.com enjoys the 30% market share in the Indian Online Travel Industry
after Makemytrip.com which has approx. 48% market share.
The OTA channel in India has gone from being Niche to Mainstream,
especially in the top eight to ten cities in India.
A top OTA such as Makemytrip.com said it sells more than 12,000 flight
tickets, 1,000 hotel nights and more than 100 holiday packages everyday. The
site attracts more than 4.5 million unique visits every month.
The tourism industry in India generated about US $ 100 billion in 2008 and
that is expected to increase to US $ 275.5 billion by 2018 at a 9.4% annual
rate.
People are not aware about Yatra.com much as they know about
Makemytrip.com.
RESPONSIBILITIES
Generating leads.
Reporting leads/conversions
CONCLUSIONS
Online Travel Industry is the fastest evolving service sector industry in India.
RECOMMENDATIONS
Yatra.com should be more flexible in their policies if they want to capture the
major chunk of corporate sector, they should come up with CREDIT
FACILITY.
As it’s an online travel portal, so it should have more such tie-ups as they
already have with Yahoo! And eBay.
QUESTIONNAIRE
a.)Yes
b.)No
a.)Satisfactory
b.)Good
a.)Yes
b.)No
a.)Yes
b.)No
Q.5 Is the whole procedure from booking till refund through Yatra convenient or
does it need any changes?
b.)No,the staff needs to be pay more attention to the needs of the customer.
BIBLIOGRAPHY
Websites:
Google.com
Scribd.com
Yatra.com
Wikipedia.com
Journals/Magazines/Newspaper
Dainik Jagran
Amar Ujala
Hindustan Times