Cleartrip to invest significantly and expand localized operations in the GCC

Cleartrip has recently raised US$40 million last year for its continued expansion and plans to invest up to US$12 million over the next two years. This week, Cleartrip announced the launch of its customized websites in Oman, Qatar, Bahrain, Kuwait and Saudi Arabia.

 This move is part of Cleartrip’s long-term strategy to explore new and dynamic markets with a full product range customized for each country. In February, the company sold 600 air tickets and 100 room nights each day, reflecting a 120% increase over the last year. After launching the new country-specific websites, the company is looking to increase these numbers to 1,000 air tickets and 200 room nights daily by the end of 2012, according to Jae Hyung Kim, Cleartrip’s president and head of business development.

“The US$1 billion online travel market is set for significant growth in the region and our strategy is to ensure our performance, expansion and services match this growth,” said Jae. “Cleartrip has been localized for each country in the GCC and we are eager to showcase our ability to make travel simple.”

Cleartrip has ensured the most comprehensive offering for its customers in the UAE, Oman, Qatar, Bahrain and Kuwait. With over 250 flights and 70,000 hotels to choose from and access to a simple, comprehensive and quick online travel portal, Cleartrip allows customers to efficiently book flights and hotels.

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