In my recent visit to Srilanka, I saw travel comm site findmyfare.com marketing its zero interest EMI schemes/free one installment in ticketing and hotel booking. In India, though RBI has now banned subventions and zero percent loans, I was wondering before this RBI notification why such schemes were offered for only purchase of consumer goods and not in the travel commerce space.
Roshan Anand
Hey Sweta,
I believe it was already there and it’s still continued. Chk this article which is 2 years old – https://timesofindia.indiatimes.com/city/bangalore/Travel-on-EMI-pay-later/articleshow/13578218.cms
https://www.smartbuy.hdfcbank.com/pages/Travel-EMI/pgid-33810.aspx
https://www.yatra.com/emi-deals.html
But after the RBI regulation, EMIs are not free now.
Alok Rodinhood Kejriwal
Its because travel loses money. So who in earth will wanna subsidize it?
Check :
Makemytrip.com financials – https://www.google.com/finance?q=NASDAQ:MMYT&fstype=ii
Jet Airways financials – https://profit.ndtv.com/stock/jet-airways-_jetairways/financials-profit-loss
Sweta P Reddy
Surely not in ticketing, but in holiday packages they have huge margins and should be able to offer zero emi schemes. Don’t you think so?
Sweta P Reddy
Zero interest emi*