SpiceJet launches online hotel reservation service
No-frills airline SpiceJet on Thursday launched a dedicated online web hotel reservation service in collaboration with travel firm Yatra online.
SpiceJet plans to boost its bottomline by increasing revenue from the anicillary services. Low-cost carriers in the US and Europe earn quite a chunk of their revenues from ancillary activities like hotels, car rentals, credit cards, cancellations and re-bookings. European airline Ryan Air, for instance, earns between 18-20% from such activities annually compared to 4% of the SpiceJet. "We want to raise this share to 7% this year," SpiceJet chairman, Mr Siddhanta Sharma, said on Thursday.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.