Staybazar Strengthens Southern Presence with Significant Gains; Builds Momentum for Continued Expansion in FY 15-16


Online bookings for travel increasing to 46% of total travel bookings by 2017

Staybazar sets up corporate and B2B sales infrastructure in Chennai and Hyderabad

BENGALURU, India – September 28, 2015 – Staybazar.com, India’s leading online market place for various alternate stay options, announced their expansion in southern India with significant gains by setting up branches in Chennai and Hyderabad. This will help Staybazar meet the increasing demand from corporates from both the cities and address the fast-growing travel segment in India.

GROWTH CATALYSTS 

  • Online travel in India continues to dominate the country’s travel market. The industry is expected to grow by 17.8% during 2015-2016, outperforming the overall travel market by 6.0% points.
  • Online penetration intravel and tourism bookings is estimated to increase from 41% in 2014 to 46% in 2017.

Keeping pace with the fast growing online travel booking trends, Staybazar has moved towards dedicated Chennai and Hyderabad branches which will help all the current customers and listed properties toget faster service support. Currently Staybazar is having 1610 propertieslisted with it and newly adding 42 and 40 new properties in Chennai and Hyderabad respectively. Chennai is the 4thlargest accommodation market after Mumbai, Delhi and Bengaluru.The hotel room inventory by end 2014 at Chennai was 7596 rooms and 5900 rooms at Hyderabad. The alternate market is estimated to be more than double of this number.

Mr Prem Kumar, CEO at Staybazar said, “Alternate stay market is almost double the size of hotel rooms market in India, and much of these are now on radar of mid-sized and large corporates. There are large numbers of corporates in Chennai and Hyderabad and we want to be closer to these corporate customers. These offices will also help us to improve our tracking of properties in these cities.

The properties in Hyderabad are spread across GachiBowli, Jubilee Hills, Banjara Hills, Madhapur, Kondapur, Hi-Tech City, Punchagutta, SerilingampallyMandal, Shameerpet, Somajiguda, Srinagar Colony, etc. and in Chennai the listed properties are located inAdyar, Kodambakkam, Kandanchavadi, T. Nagar, Tiruvanmiur, Velachery, Alwarpet, Anna Nagar, Chetpet, Chrompet, Egmore, Manapakkam, Mylapore, Gandhinagar, etc.                                                                                                             

# # #

About StayBazar

Staybazar.com is an online market place for various alternate stay options. Staybazar provides a wide range of alternate stay options to its individual, family and corporate customers and the offering ranges from serviced apartments, guest houses, resorts, homestays, theme stays, etc.

Head quartered in Bangalore with offices in other major metros, Staybazarcurrently covers 65  cities and towns of India. Staybazar has plans to further enhance its geographies to other Asian markets in year 2015 and thereafter to other international geographies. www.staybazar.com.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: