Paytm Sees 19% Growth in Flight Bookings in January-March Quarter

Fintech firm One97 Communications claims to have registered on-year growth of 19 per cent in flight bookings in the January-March quarter of this year, the company said in a regulatory filing on Monday. The travel ticket business of Paytm falls within its marketing services vertical, which grew by 1 percent in revenue terms to Rs 395 crore on a year-on-year basis in the March 2024 quarter. “In the fourth quarter of financial year 2024, Paytm maintained its upward trajectory in market share among OTAs (online travel aggregators), with flight bookings showing a notable year-on-year increase of around 19 percent, surpassing the industry’s growth rate of around 3 percent,” the filing said. Read: Paytm Employees File Complaint with Ministry Over Alleged Unlawful Termination: ReportPaytm’s marketing services business primarily includes ticketing (for travel, movies, events, etc.), advertising, credit card marketing, and deals and gift vouchers. The company had posted 28 per cent growth in GMV (gross merchandise value) for ticketing, deals, gift vouchers, etc. to Rs 2,804 crore on a year-on-year basis, driven by an increase in market share in travel (despite disruption) and higher volumes in the events business. 

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