Due to its diverse culture and beautiful locations, India has developed itself into a large market for travel and tourism. India was ranked 34th in the Travel & Tourism Competitiveness Report 2019 published by the World Economic Forum.
Total earnings from the hospitality sector (Travel and Tourism) in India was US$ 28.6 billion in 2018 and is forecasted to reach US$ 50 billion by 2022.
Due to this growth, many Travel and Tourism startups have emerged in the Indian Startup Ecosystem. Among those startups, one is Travel Triangle.
Travel Triangle Founders and Funding
How Travel Triangle Started?
The founders (only friends that time) made a trip to Leh. They had a pleasant experience until they found out from other travelers that there were enormous differences in the travel package. They felt cheated, and this experience led to the foundation of the startup, Travel Triangle.
How Is Travel Triangle Different From Other Travel Startups?
Travel Triangle allows travelers to book a customized holiday plan with a local travel agent. Based on the request, a customer gets multiple competing quotes from travel agents, enabling the user to choose the best option.
Describing the working process of Travel Triangle, Sankalp Agarwal in an interview said, “The process involves bringing both the travelers and trusted local and expert travel specialists on a common platform. Our travel specialist works along with the traveler and plans the itinerary by understanding the traveler’s needs and then customizes it. Travel Triangle manages the entire fulfillment process, maintains quality checks and ensures that the traveler gets the best deal in return.”
Present Situation of Travel Triangle
With a monthly traffic of 2.5 million visitors, Travel Triangle has over 650+ travel agents, 500K+ travelers and 65 destinations on its platform.
Future Plans of Travel Triangle
Travel Triangle is presently working on to develop its technology, with a primary focus on artificial intelligence (AI) and machine learning (ML). Also, the company is planning to expand to newer geographies.