The Indian Railway Catering and Tourism Corporation (IRCTC) which kicked off its flagship online bus booking services last year amid COVID, said that it has logged gross revenue of around INR 5 crore across the vertical in FY 2021-22.
With several disruptions due to the subsequent waves of COVID, the bus ticketing business has grown slowly but steadily.
In the same fiscal, IRCTC's earnings touched around INR 35 lakh.
The business has tremendous potential and this can be scaled up by more than 100% in the current financial year. Counter booking facility for buses has already been made live.
Efforts are being made to increase the visibility of this facility so that public may avail this facility.
There has been a rise in online bus booking since the relaxation of lockdown in September 2020 as travellers preferred to book tickets online, instead of buying them from the counter to avoid the risk of contracting the COVID, according to redBus.
The statistics show that there has been a surge in online bookings from tier 2 and 3 cities which has contributed to 62 per cent of current bookings on redBus. There has been a six per cent rise compared to the bookings in the pre-COVID period.