First OTA cross-border acquisition is the attention-grabbing news in the industry at the moment. The two popular travel aggregators Cleartrip and Flyin combined to grow and serve people the best on travelling. Cleartrip acquired Saudi Arabian travel start-up Flyin in an expected amount of 50$ to 70$ mn.
This OTA big deal would give a wider outreach and potential base for the Cleartrip and the operations in West Asia’s travel market which has seen the most valuable entries in the list like FlyDubai, AirArabia, Pegasus Airlines and others. The largest population of this MENA region definitely a beneficial thing for this acquisition because of the smartphone & internet usage at places. It is also estimated that overall market share of this acquisition gets Cleartrip about 60% share throughout the middle east.
Flyin and Cleartrip combine company expected to see the largest growth as the base company Cleartrip have seen the growth in the market within a very short span of time. The journey of this OTA Cleartrip reached another milestone in getting Flyin in. Flyin native strong user base and word in the people can definitely be an added advantage for Cleartrip to grow big in less time and be a leading player in Middle Eastern countries.
Cleartrip & Flyin acquisition infographic image published by Rezeem reveals the details that are included in this deal along with the acquisition amount. The enhanced travel experience for the travellers by Cleartrip in UAE, Saudi & Middle Eastern countries would be a great asset to get new user-based services, technologies and more useful things.
The leading position of Cleartrip in Saudi Arabia's travel world giving away a great international & national travel experience, Cleartrip is expected to support the economy of Middle East Said by Abdullah Al Romaih.