Paytm is expanding its platform by adding hotel bookings. Users can already book bus tickets and soon they will be able to book hotels via the Paytm app
Paytm said that in the first phase, it is partnering with online travel portals like Goibibo, Ezeego1 and TSI-Yatra for domestic hotels booking while in the second phase, it will collaborate with international players like Expedia & Booking.com. The company is expecting revenue of Rs. 500 crores from the service over the next six months.
“Travel has emerged as a very important category for us as the penetration of online booking is still very low in this vertical. The opportunity for the hotels category is immense, especially because the transaction penetration is still low in Tier II and III cities as far as travel concerned,”
said Paytm founder and CEO Vijay Shekhar Sharma.
In the first phase, Paytm will offer an inventory of about 20,000 hotels to users and the number is expected to go up to 35,000 in a short time after launch. The Hotels category will be live in the next update of the Paytm iOS and Android apps. Paytm recently