Yatra Online Partners with Kanoo Travel for Strategic Expansion into Middle Eastern Enterprise Market
Yatra Online Limited has announced a strategic partnership with Kanoo Global Travel Holding Limited and Yusuf Bin Ahmed Kanoo (Holdings) Co. B.S.C. (Closed). This collaboration marks Yatra's first significant international expansion as the two entities aim to transform enterprise travel across the Middle East region.The Memorandum of Understanding (MoU), established between Yatra Online Limited, its wholly owned subsidiary Yatra Middle East LLC, and Kanoo Travel, outlines a comprehensive service arrangement and technology platform provision by Yatra Online. The agreement is set for a term of 7 Years.
Under the terms of the partnership, Kanoo Travel will deploy Yatra's integrated enterprise travel and expense management platform. Additionally, Yatra will establish a dedicated Kanoo Global Operations Centre. This centre is tasked with providing 24x7 multilingual operational support to assist alongside Kanoo Travel's customer-facing teams across the Middle East.
This partnership represents a major milestone in Yatra’s international growth strategy. Leveraging its extensive expertise, which supports over 1,300 large and mid-sized enterprises in India, Yatra is extending its proven capabilities to the fast growing business travel market of the Middle East. The integrated platform aims to provide a seamless experience encompassing travel booking, policy management, expense management, automation, and analytics for corporate clients.
Siddhartha Gupta, Chief Executive Officer of Yatra Online Limited, stated that the partnership with Kanoo Travel marks "the beginning of an exciting new chapter in Yatra's growth journey." He emphasized that the collaboration provides an opportunity to redefine enterprise travel across the Middle East, noting that this demonstrates that world-class enterprise technology built in India can successfully serve customers on a global stage.
Mohamed Al Kooheji, Group Chief Executive Officer of Yusuf Bin Ahmed Kanoo Group, commented on the importance of the partnership. He said that Yatra's enterprise platform, combined with its deep operational expertise, enables Kanoo Travel to offer an integrated solution that strengthens their value proposition to corporate customers across the Middle East.
Kanoo Travel itself has been operating in the MENA region since the late 1930s and boasts a network of over 100 offices spanning key markets including the Kingdom of Saudi Arabia, Kingdom of Bahrain, United Arab Emirates, Sultanate of Oman, and Egypt.
YATRA Stock Price Movement
Shares of Yatra Online Limited are edging higher to ₹114.89 as of 2:02 PM today, rallying by 0.64% in live trading. The stock is currently consolidating its gains within a tight intraday range, having previously touched a low of ₹112.15 and a high of ₹116.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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