Yatra to expand acquire Globe Travels, expanding corporate travel cominance

Yatra Online Limited has announced its decision to acquire 100 per cent of Globe All India Services Limited (Globe Travels) for Rs 1280 million in cash. The acquisition, which will bring Globe Travels' 360 corporate customers and USD 90 million in annual gross bookings under Yatra’s umbrella, reinforces Yatra’s leadership in the corporate travel sector and significantly broadens its market presence in India.

This strategic move is set to expand Yatra's corporate client base by approximately 40 per cent, increasing its competitive edge and negotiating power with suppliers. The acquisition also augments Yatra’s capabilities in Meetings, Incentives, Conferences, and Exhibitions (MICE), positioning the company as a major player in this growing segment. Yatra’s integration of Globe Travels, with its diverse client base and minimal overlap, presents substantial cross-selling opportunities for Yatra’s hotels and expense management solutions.

Financially, the deal is expected to be immediately beneficial, with Globe Travels contributing USD 90 million in annual gross bookings and Adjusted EBITDA margins exceeding 20 per cent. The acquisition provides a strategic chance to integrate Yatra’s Corporate Self Booking Platform into Globe Travels' operations, improving efficiencies and reducing costs for Globe’s clients while driving further value creation through Yatra’s digital offerings.

Dhruv Shringi, Co-founder and CEO of Yatra, "We are thrilled to welcome Globe Travels to theYatra family. This acquisition aligns with our strategy to deepen our presence in key verticals and markets while further strengthening our corporate travel and MICE capabilities. Globe Travels’ expertise in corporate travel and MICE and outstanding service record complement Yatra's existing offerings, allowing us to provide an even more comprehensive and tailored travel experience to our clients across India."

Yatra will benefit from minimal overlap in the customer base, providing opportunities for cross-selling and integrating its Corporate Self Booking Platform into Globe Travels' offerings. The deal is expected to be immediately accretive to Yatra’s financials, with potential for further margin expansion and increased efficiencies through Yatra’s digital platform.