MakeMy Trip and GoIbibo have got new competitors; not 1 or 2 but 80 of them

Online travel companies like MakeMy Trip and GoIbibo, which took over the market share from industry legends like Thomas Cook two years back, have now new competitors; not one or two but 80 of them.

As per an Economic Times report, around 80 startups have emerged as strong contenders in the travel industry, with each of them focusing primarily on travel packages and experiential travel to woo customers.

Tripoto is amongst one of the big players, which is exploring new spheres with best of technology, consolidation, and strategic partnerships. The company raised an undisclosed sum in March in a second round of funding led by IDG Ventures, has stitched partnerships both with room-sharing startup Airbnb as well as online travel booking company Expedia, and is working on more such tie-ups.

Talking about other acquisitions in the travel and tourism business, most discussed acquirements have been made by MakeMyTrip and GoIbibo. MakeMy trip acquired MyGola, and redBus and YourBus were purchased by GoIbibo. Not just this, but the industry is all set to witness some more consolidations.

Effortless access to information has changed the customer mindset which prevents them to rely on any specific travel company.

"With the democratization of information, even if we try to provide all this information to the consumers in one app, we've seen that they do use multiple sources," said Samyukth Sridharan, Co-founder and chief executive of Cleartrip. Sridharan also informed about company’s disinterest in any acquisition in the near future.