MMT has announced the availability of its complete range of travel solutions in the Emirates market. Customers can now search for best-deals and book products like air-tickets, hotels and holidays online at www.makemytrip.ae. MakeMyTrip is the first online travel agency in the Emirates providing a platform that brings all available travel options together at a click, offering unparalleled convenience that was hitherto unavailable to local travellers. Mr. Keyur Joshi, Co-founder & COO, MakeMyTrip said, "As the pioneering and most successful Online Travel Agency in India, we see a clear opportunity for our offerings in the Emirates market. With over 61% internet penetration, citizens are waiting for an online travel-services provider. We are very pleased to launch our full-scale portfolio of services here. This will be especially helpful to NRIs who can plan their last-mile travel in India on one platform, being able to book international and domestic flights as well as rail tickets."
Mr. Mohit Gupta, Chief Marketing Officer, MakeMyTrip commented upon the business opportunity, "There are some compelling statistics that support our strategic investment in the market. The UAE is the second-largest hub of NRIs in the world after the United States. The market has also seen healthy growth trends in inbound travel, especially from India into the UAE. UAE- India is also the largest network of inter-country flights in the world. It makes a sound business decision to invest in developing Dubai as an outbound destination around the world. Our local operations will enable us to build business strengths around Hotels and localized products which will, in turn, benefit users." Commenting on the business expectations, Mr. Gupta added, "We hope to sell almost 25000 tickets online within the next six months."
UAE is expected to account for more than $36 billion in ecommerce revenues by 2010 Industry watchers put the expected annual growth of e-commerce in the Gulf at 20 per cent, but the rate of growth in the UAE might reach 50 per cent once the global financial crisis has abated. A quarter of UAE residents use the internet for commercial transactions. Studies also indicate that global e-commerce will be $13trn in 2012, with the involvement of 850 million people around the world.
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