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1/ 👇Thread on a top-down view of travel in India - revenue pools, margin pools and high level opportunities for tech startups (I know the absolute worst time to talk about travel, but maybe a distraction from the current overflow of Covid19 news). #traveltech
2/ Travel can be seen in 3 buckets: 1) business travel, 2) domestic travel and 3) outbound travel. Let's uncover each of them in this order (a top down lens).
3/ Business travel is a large spend category (~$32B in 2017). Most of this is on flights and hotels (~80%). Remaining is on city taxis, trains, buses, visa etc. This spend has been growing at a healthy pace over years (doubling every ~6 yrs).
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