M&A bug may soon bite online travel

The brick-and-mortar travel space segment in India has witnessed some consolidation in the past one year. Leading the M&A drive to enhance profits were companies like Thomas Cook, Kuoni and Cox & Kings, to name a few. And with the way every online travel company is vying for boosting its share of the business pie, industry players are of the view that a similar trend may be in the offing for the Indian online travel industry, too. Dhruv Shringi, co-founder & CEO of Yatra Online Pvt Ltd, said in his analysis of the business scenario, it should take between eight months to a year to happen. "In fact, if one had to give it a concrete timeframe, I think by next summer we should start witnessing some action in this space,"