Cleartrip targets 45% growth in transaction value

e-transactionsAs per a PTI report, online travel portal Cleartrip said it is targeting 45 per cent growth in the transaction value on its site in the current fiscal. “In fiscal 2014-15, we had achieved transaction worth USD 800 million with 39 per cent growth over previous year and in the current fiscal we are looking at a growth rate of 45 per cent,” Amit Taneja, Chief Revenue Officer, Cleartrip said in Kolkata yesterday.

The portal claimed to have a 32 per cent market share in the online travel market, pegged at USD 3 billion.

The online travel industry is growing at 200-300 per cent, Taneja added. He said that Cleartrip did not have any immediate plan to raise funds. Cleartrip has no plans to switch to an app only model for bookings either, though overall mobile traffic has crossed 50 per cent of total transactions. Source: