Travsie

Travsie

Travel Arrangements

New Delhi, Delhi 348 followers

Empowering Holiday Business

About us

Travsie is overhauling archaic travel institutions and solving complex challenges through digitization. With change comes opportunities, so let's build and grow together.

Industry
Travel Arrangements
Company size
51-200 employees
Headquarters
New Delhi, Delhi
Type
Privately Held
Founded
2020

Locations

  • Primary

    315/274, Second Floor,

    West End Marg, Said-Ul-Ajaib

    New Delhi, Delhi 110030, IN

    Get directions

Employees at Travsie

Updates

  • Travsie reposted this

    View profile for Vikas Khadaria, graphic

    Holiday Tech | B2B Supply Chain | SaaS | Enterprise Solution | Marketplace

    Will Holiday Packages Make the Digital Leap? With flights, hotels, and buses having transitioned online, holiday packages are the next frontier in the travel industry. The number of aggregate trips is also set to double, growing from 2.3 billion in 2019 to a projected 5 billion by 2030, according to the India tourism statistics and travel spending among Indians is expected to go up from $150 billion in 2019 to $410 billion by 2030 according to the report “How India Travels,” by Booking.com and McKinsey & Company. Price-sensitive customers prefer a blend of online and offline interactions, often browsing packages and prices on OTAs but ultimately booking with local travel agents due to: ·      Trust ·      Personalized service ·      Flexible payment, cancellation, and refund options As a result, globally the market remains predominantly driven by offline travel agents. At the same time, due to a fragmented offline package supplier base and the Lack of a Unified Package Distribution Channel between OTAs and suppliers, OTAs are primarily generating package queries online while the actual booking process remains offline. This is very similar to what an offline travel agent does but with lower cost of operations, giving them an added advantage. The current ecosystem lacks speed, variety, competitive pricing, and transparency. Neither OTAs nor local travel agents meet these needs, as they primarily act as resellers for offline package suppliers. We believe that until a Unified Package Distribution Channel and an organized supplier base are established, holiday packages will continue to struggle and be dominated by offline travel agents. Is the industry prepared to handle the unexpected surge in demand while relying on an offline holiday package workflow?

    Will Holiday Packages Make the Digital Leap?

    Will Holiday Packages Make the Digital Leap?

    Vikas Khadaria on LinkedIn

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