YATRA

(Yatra) What it is: An online travel services company focused heavily on corporate travel. Core business Corporate travel management (key strength) Leisure travel bookings (flights, hotels) Ancillary travel services Why it matters Direct play on business travel recovery Higher margins in corporate travel vs leisure Strengths Strong corporate client base Asset-light, platform-led model Risks Travel demand shocks Competition from MakeMyTrip, EaseMyTrip One line: Yatra is a corporate-travel-led recovery play, more cyclical than exchanges.