YATRA

By Praveen Paramasivam and Sai Ishwarbharath B

CHENNAI/BENGALURU, India, May 13 (Reuters) - India's travel industry fears that an appeal by Prime Minister Narendra Modi to avoid unnecessary foreign travel will squeeze new bookings after inflationary pressure knocked down summer overseas inquiries by as much as 15%, industry and analysts say.

The pullback is set to hit the peak season for outbound tourism, when affluent families seek cooler locations in Europe and Australia, during school holidays that run from April to June.

"The prime minister has a great following, and people sometimes take his advice very seriously ... they may postpone it to next year," said Ravi Gosain, president of the Indian Association of Tour Operators, with more than 2,000 members.

"We (had) already seen a 10% to 15% reduction in inquiries or business for this summer season."

The travel pullback is unfolding against a backdrop of rising global inflation, with crude oil trading above $100 a barrel after Iran's closure of the Strait of Hormuz choked off a fifth of global supply of oil and liquefied natural gas.

On Sunday, Modi also called for people to ease back for a year on fuel consumption and purchases of gold jewellery, in an effort to trim India's import bill of nearly $1 trillion during the Gulf crisis.

TRAVEL STOCKS SEE SELL-OFF

His appeal spurred investors to dump travel aggregator stocks such as EaseMyTrip EASM.NS, Yatra Online YATR.NS and Ixigo LETR.NS on Monday, along with those of airline operators and holiday planners.

Air fares have already risen sharply, with carriers hiking fuel surcharges, making overseas travel more expensive even before factoring in costlier hotels and transport overseas.

India's tourism sector worth $231.6 billion, which supports a tenth of its jobs, is the world's eighth largest and is projected to climb to fourth place within the next decade.

The outbound segment separately is expected to reach $55.39 billion by 2034 from $18.82 billion a decade earlier, the industry estimates.

PRESSURE TO PROMOTE DOMESTIC TOURISM

Modi's call may boost pressure for the industry to promote low-margin domestic tourism, which accounts for just a fifth of a typical agent's business, said Sunil Kumar, president of the Travel Agents Association of India.

Industry bodies also urged the government to boost inbound tourism to offset foreign exchange outflows.

India's outbound departures rose nearly 6% to 32.7 million in 2025, extending a trend of long-term growth, driven by rising incomes, easier visa access and social media influencers.

By 2027, India is expected to become the fifth largest outbound market, up from 10th in 2019, Ernst & Young said in a report, citing research and brokerage firm Bernstein.

Modi's speech could give a fresh boost to momentum towards domestic tourism, EaseMyTrip said in a statement.

However, analysts say it is a plea, rather than a policy change, though they expect near-term pain.

"This is definitely going to have an impact in the short to medium term," said Kranthi Bathini, director of equity strategy at WealthMills Securities. "But if there is a cool-off in crude oil prices, we can see a rebound."

(Reporting by Praveen Paramasivam in Chennai and Sai Ishwarbharath B in Bengaluru; Additional reporting by Abinaya V in Bengaluru; Editing by Clarence Fernandez)

((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))

Feb 11 (Reuters) - Yatra Online Ltd YATR.NS:

• YATRA ONLINE LTD - DEC-QUARTER CONSOL NET PROFIT 83.4 MILLION RUPEES

• YATRA ONLINE LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.57 BILLION RUPEES

Source text: ID:nNSE9K2txG

Further company coverage: YATR.NS

((Reuters.Briefs@thomsonreuters.com;))

Dec 23 (Reuters) - Yatra Online Ltd YATR.NS:

• YATRA ONLINE - NCLT ALLOWED IRP'S APPLICATION, PERMITTED WITHDRAWAL OF CO'S PETITION, CIRP

• YATRA ONLINE - AMOUNT DEPOSITED WITH NCLAT REFUNDED TO TSI

Source text: ID:nNSEbzrDWG

Further company coverage: YATR.NS

((reuters.briefs@thomsonreuters.com;))

**Shares of travel services provider Yatra Online YATR.NS extends gains, up 2.2% at 188.9 rupees

**Stock set for third session of gains since posting a two-fold jump in Q2 profit

**Co's Q2 consol net profit nearly doubles to 142.8 million rupees ($1.62 million); consol revenue from ops increases nearly 49% to 3.51 billion rupees

**Antique Stock Broking ("Buy", raises PT to 230 rupees) anticipates continued strong performance and expects FY26 PAT at 600 million rupees

**JM Financial ("Buy", raises PT to 215 rupees) says it continues to build above guidance estimates due to co's strong corporate client additions and margin normalisation expected in H2

**Stock rated as "Strong Buy" on average by 5 analysts; median PT at 200 rupees, per data compiled by LSEG

**More than 8.54 million shares change hands vs 30-day avg of 3.06 million shares

**YTD, stock up 63.2%

($1 = 87.8950 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

April 11 (Reuters) - Yatra Online Ltd YATR.NS:

• APPOINTS ANUJ KUMAR SETHI AS INTERIM CFO EFFECTIVE APRIL 11, 2025

Source text: ID:nNSE6gy0yF

Further company coverage: YATR.NS

((Reuters.Briefs@thomsonreuters.com;;))

March 12 (Reuters) - Yatra Online Ltd YATR.NS:

• ROHAN PURSHOTTAMDAS MITTAL RESIGNS AS GROUP CFO

Source text: ID:nBSE48wHD0

Further company coverage: YATR.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of travel firm Thomas Cook THOM.NS gain 5.7% to 126.23 rupees

** THOM, with group company STOC Travel, signed a deal with Korea Tourism Organisation

** We aim to enhance engagement for South Korea as a premier travel destination for Indian travellers, Korea Tourism executive said

** Year-to-date, THOM down ~36%, peers Yatra Online YATR.NS and Easy Trip Planners EASM.NS fall 32%, 20%

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

Nov 12 (Reuters) - Yatra Online Ltd YATR.NS:

• YATRA ONLINE SEPT-QUARTER CONSOL NET PROFIT 73.01 MILLION RUPEES

• YATRA ONLINE SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.36 BILLION RUPEES

Source text: ID:nBSE8P4ct4

Further company coverage: YATR.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Yatra Online Ltd YATR.NS down 3.9% at 144 rupees

** Brokerage Investec says Yatra's purchase of Globe Travels for 1.28 bln rupees ($15.3 mln) will boost its profitable corporate business

** YATR said purchase will help add 360 corporate customers

** Investec says corporate business will account for 62% of YATR's gross booking value from 57% in the June quarter

** Brokerage adds corporate business is more profitable than consumer business as the latter has higher customer acquisition costs - these costs should go down after the acquisition and lead to higher profitability

** Investec retains "buy" rating and Street high PT of 180 rupees on YATR stock

** Avg rating is "strong buy" with median PT 159 rupees - LSEG data

($1 = 83.9330 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

((varunvyas.hebbalalu@thomsonreuters.com))

** Indian tourism stocks Thomas Cook THOM.NS, Yatra Online YATR.NS, Easy Trip Planners EASM.NS, Tourism Finance Corp TFCI.NS, Indian Tourism Development ITDC.NS up 2%-6%

** Indian government will present India as global tourism hub, Finance Minister Nirmala Sitaraman says in union budget

** EASM sees best day since mid-March, while TFCI eyes steepest one-day gain since early-June

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

** Shares of Yatra Online YATR.NS rise 3.8% to 137.3 rupees

** Investec starts coverage with "buy" rating and PT 215 rupees, implying a near 63% upside to YATR's last close

** Yatra 3x larger than MakeMyTrip MMYT.O in the enterprise online travel agency business - Investec

** Says post-IPO, Yatra "well placed to invest in technology and supplier agreements that will help boost growth and margins"

** Our estimates are conservative, room exists to drive a consistent beat and raise cycle - Investec

** More than 464,000 shares changed hands by 12:27 p.m. IST, 1.2x 30-day avg

** As of last close, YATR down nearly 3% since listing on Sept. 28

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

** Shares of Yatra Online YATR.NS down 4.5%, set for their biggest one-day drop since India listing on Sept. 28

** Indian travel services provider's loss widens to 171.3 mln rupees ($2 mln) from 15.6 mln rupees yr-ago on one-time IPO related charge of 165.6 mln rupees for listing fee and ESOPs

** Costs jumped ~26% in Q2, outpacing a ~14% climb in rev

** Stock is now down 2.9% since its listing in September

** In that same period, the US-listed stock YTRA.O is up 6.5%; however the stock is down ~32 YTD

($1 = 83.1340 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

((kashish.tandon@thomsonreuters.com))

Oct 5 (Reuters) -

• FUNDS OF TATA ASSET MANAGEMENT RAISE STAKE IN YATRA ONLINE TO 5.5% FROM 1.8% - EXCHANGE FILING

Source text for Eikon: ID:nBSEbqQ7LH

Further company coverage: YATR.NS

((Reutersbriefs@thomsonreuters.com;))