ETW Staff – Mumbai
Federation of Indian Chambers of Commerce and Industry (FICCI) has instituted the Online Travel and Technology Committee under the aegis of its existing Tourism Committee in wake of growing internet-based travel and online travel companies.
The Online Travel and Technology Committee has been formed due to the rapid penetration of internet and mobile, which has transformed the way travel industry operates and how travellers book and consume travel related products.
The chamber has recognised the changing travel market dynamics and the role of online travel and technology towards shaping the future travel booking, consumption and distribution trends. It understands the drivers towards these trends in-terms of internet penetration, usage of smart phones and simplification of transactional supported payment mechanism.
The committee will be led by Dhruv Shringi, co-founder and CEO, Yatra Online and comprise key stakeholders of online travel companies including MakeMyTrip, Cleartrip and various other stakeholders and knowledge partners from the online travel segment.
Dr A Didar Singh, secretary general, FICCI, said, “The committee has been formed for outlining the roadmap for a robust regulatory policy for the online travel industry and also to encourage innovation in travel and tourism sector.”