Online Travel Portals Viewership

Travel Portal                              Visitors in April 2011
IRCTC                                                      8.3 million
Makemytrip                                            3.8 million                                                3.5 million                                           2.1 million, the only listed company among the above four, commands a market cap of $810 million on NYSE.

If IRCTC is listed in India, it might command a market cap of over $2.5 Billion, as it has almost 3 times viewership than


                  Both Cleartrip and are mulling options to capitalize on the travel boom and we might see listing of these companies in some time.

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