Is the online space going to witness more consolidation in the times to come?
Yes, as the volumes keep growing, there is much more consolidation and activity to be seen in the online travel space. There are players competing aggressively and waiting to get the larger pie of the internet market. There are international biggies who are doing their homework on this, and watching this space very closely. They might have not made any formal announcements yet, but niche travel sites like Orbitz, Expedia or Viator, Booking are all looking at India. With Travelocity already entering the Indian market, this space will see a lot more consolidation and activity in three to four months from now. Also, there are a lot of offline players looking at online presence, now. Is there any impact of rupee appreciation against the US dollar on the business? This certainly will pose indirect implications. There will be an slack in the number of inbound tourists in the overall sector with occupancy of the hotels dipping in the tourist season and India has the most expensive destination
