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Musafir posts 97% growth in Gulf, enters Indian market

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Musafir Business, the all-in-one corporate travel management platform launched by musafir.com in the region, saw a significant 97% increase in Gross Merchandise Volume (GMV).

Surpassing pre-pandemic sales, the company is on track for a record-breaking year. Additionally, Musafir Business has successfully launched in India, a fast-growing travel market with approximately $36 billion in corporate travel spending last year.

Musafir Business processes over 600,000 transactions in 2022, building on its impressive track record of saving Middle Eastern organizations around 20% on annual travel spend. The company aims to maintain its growth momentum in 2023, targeting around 1.1 million transactions for the full year.

remarkable growth

Sachin Gadoya, co-founder and CEO of musafir.com and Musafir Business, said: “We have experienced significant growth in the region and are determined to replicate this success in other markets. With our successful launch in India and our With the overwhelming response received within the first month, we are pleased to announce our upcoming entry into Saudi Arabia in the third quarter of 2023.”

Global business travel spending will reach $933 billion in 2022, accounting for 65% of the $1.4 trillion in pre-pandemic travel spending. The MEA region will contribute about 2.5% of total business travel spending in 2022, reaching $23 billion.

Musafir Business has also seen a significant increase in average enterprise transaction value of 25% compared to pre-pandemic levels. Gadoya highlighted the company’s focus on enhancing the customer experience, establishing differentiation through digital offerings, and gaining deeper customer insights.

Cutting-edge technology

He added, “We are committed to continuously improving the Musafir Business platform by leveraging cutting-edge technology and machine learning algorithms to improve customer experience. In addition to developing our B2B platform for travel agencies, we will also launch our travel app later this year. program, which will enhance the travel experience for our corporate and leisure customers.”

Musafir Business’ commitment to providing businesses with comprehensive and streamlined travel management solutions is evident. The platform integrates flights, hotels and visas (UAE tourist visa and global visa assistance) into one user-friendly interface, enabling companies to efficiently manage travel expenses and streamline operations.

Provides an enhanced traveler experience with personalized recommendations, real-time alerts and reliable support, simplifying expense management and improving cost control and accuracy. Additionally, advanced data analytics provide valuable insights, enabling data-driven decisions to optimize travel planning. With a focus on compliance and policy enforcement, Musafir Business puts corporate governance and passenger safety at the forefront. — trade arab news agency

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