Morgan Stanley ranks Goibibo as No. 1 Platform for Hotel Booking

Morgan Stanley ranks Goibibo as No. 1 Platform for Hotel Booking

Mumbai, India | Red Newswire | Jan 29, 2016 Last Updated at 12:00 PM IST.

Goibibo, the online travel platform has been ranked No. 1 by Morgan Stanley in Hotel Booking domain. The ranking was decided by top hoteliers based upon various parameters such as last – minute bookings, confirmed bookings, insights, backend support and market intelligence.

Ashish Kashyap, founder of ibibo said, “We are excited that we have achieved the No.1 position in India in the hotels category. We have been able to achieve the same by strengthening network effects, providing superior user experience on mobile and delivering powerful tools and technologies to thousands of hotels.”

Last year, Goibibo made 1.6 million hotel bookings, out of which 71% were mobile bookings. According to the report, it is also the fastest growing OTA of India.

Goibibo also launched GoStays last year which is a budget accommodation marketplace and operates in 72 cities.

Still Goibibo faces competition from MakeMyTrip, Yatra and OYO Rooms.