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Yatra Online, Inc. (NASDAQ: YTRA) is a prominent player in the global travel industry, providing a comprehensive range of travel-related services. As an online travel company, Yatra.com acts as a complete tour planner for travelers, making it a one-stop-shop for all travel needs. The company offers information, pricing, availability, and booking facilities for air travel, hotels, buses, and car rentals across 5,000 large cities and small rural areas globally.
Yatra's multi-language customer service center is available 24/7, 365 days a year, enabling business and leisure travelers to make well-informed and cost-effective bookings through its online platform, call center, and mobile support. The user-friendly website ensures that air ticket bookings reflect the cheapest rates available in real-time.
Yatra is one of the largest consolidators of hotels, offering room-booking facilities in over 2,500 domestic hotels across 250 destinations in India and international tie-ups with major consolidators for over 90,000 hotels worldwide. Their prices are highly competitive, ensuring the lowest rates available.
The company is organized into several business segments: Air Ticketing, Hotels and Packages, and Others. It provides a wide array of travel-related services, which include domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus and rail ticketing, activities, and ancillary services. Yatra also hosts advertisements on its websites and facilitates access to travel insurance companies.
Yatra has developed multiple applications to enhance the user experience, such as Yatra Mini, Yatra Web Check-In, Yatra Corporate, and Travelguru HomeStay. Recent achievements include the successful launch of
Maguire Investment, a major shareholder of Yatra Online (NASDAQ:YTRA) with 7.4% ownership, issued an open letter highlighting potential for Yatra's share price to reach $6 based on projected $100 million sales in 2022. Concerns were raised regarding poor investor returns, governance issues, and subpar operational performance. The letter outlined a 'Yatra 2022 Plan' aimed at addressing these issues and called for unity among shareholders to push for improvements, including a prompt announcement for the 2021 annual general meeting.
Yatra Online, Inc. (NASDAQ: YTRA) reported its financial results for Q4 2020. The company achieved a 60.6% quarter-over-quarter increase in adjusted revenue to INR 606.6 million (USD 8.3 million), driven by recovery in domestic travel amid declining COVID-19 cases in India. Adjusted revenue from air ticketing rose by 69.2% and from hotels/packages by 140.8%. Adjusted EBITDA loss improved to INR 36.4 million (USD 0.5 million). The company aims for adjusted EBITDA break-even in H1 2021, supported by strong cost control and liquidity management.
Yatra Online, Inc. (NASDAQ: YTRA, OTCQX: YTROF) reported a 60.6% sequential growth in adjusted revenue for Q4 2020, reaching INR 606.6 million (USD 8.3 million), while adjusted revenue from air ticketing soared by 69.2%. The company reduced its adjusted EBITDA loss to INR 36.4 million (USD 0.5 million), down from INR 125 million in the previous quarter. Despite a year-over-year decline in total gross bookings, domestic travel recovery in India is evident as cases decrease and airline capacity improves, with December traffic averaging 230,000 passengers daily, 56.3% of December 2019 levels.
Yatra Online, Inc. (NASDAQ: YTRA) announced it will report its unaudited third-quarter results for the period ending December 31, 2020, on February 4, 2021, before market opens in New York. The results will be available on the company’s Investor Relations website. Following the release, a conference call will be held at 8:30 AM EST to discuss the financial results. Yatra, a leading corporate travel services provider in India, serves over 700 corporate clients and offers a wide range of travel services, including hotel bookings and holiday packages.
Yatra Online, Inc. (NASDAQ: YTRA) has announced it has regained compliance with NASDAQ's minimum bid price requirement. Following a notification from the NASDAQ Listing Qualifications Department, Yatra's ordinary shares were priced at $1.00 or greater for at least 10 consecutive business days, specifically from November 9 to November 23, 2020. This compliance status applies to NASDAQ Marketplace Rule 5550(a)(2) and the issue is now considered closed by NASDAQ.
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