Yatra.com, one of the leading players in the Indian online travel industry has unveiled ‘Homestays’as a separate line of business, on its android mobile application and website, further strengthening its position as a comprehensive one-stop travel shop for Indian travellers. Yatra believes this to be a fast growing sector in the travel business as it caters to two large & rapidly growing customer segments – one, seeking unique experiences and two, seeking value within the accommodation space.
Yatra has adopted a marketplace model in this category, allowing the host to choose his price point, cancellation policy, and house rules, as well as leaving the choice of guest to his discretion. The homestays are available for booking as both, individual rooms and as entire properties. The process of registration of a property is an extremely simple one and takes less than ten minutes. To ensure the security of its customers, Yatra has a moderation process in place, and accepts and subsequently lists properties only once the host has submitted the required documents and KYC. Yatra is also providing an insurance cover of upto Rs 6 crore to the host against damage to his property, and also to the guests against any harm caused to them during their stay.
Homestays are classified based on different kinds of accommodations such as bungalows, apartments, houses, cottages, farm houses, estate stays, jungle stays, havelis, house boats and holiday homes.The homestays are available at a wide range of prices starting from Rs. 250 per night, all the way upto over Rs 25,000 per night for a 5-bedroom villa.
Commenting on this development, Sharat Dhall, President, Yatra.com said, “At Yatra, we try to ensure that we are in sync with the changing needs of the Indian traveller, and the launch of homestays as a separate product line reflects the growing interest of travellers in seeking out unique experiences in the course of their travels. We have a wide range of homestays across price points, catering to different customer segments, and believe these kind of non-hotel accommodations have tremendous growth potential in the country. We have put in place certain safety features that provide the host the confidence to list their home, and the traveller with the confidence to book his stay with complete peace of mind.”
With over 3,000 homestays across 130 cities live, and plans to rapidly ramp up these numbers by the year end, Yatra.com has further strengthened its accommodation offering which features India’s largest inventory of over 60,000 hotels and other accommodations.