Musafir logs 97% growth in the Gulf, enters Indian market

Musafir logs 97% growth in the Gulf, enters Indian market

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

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

Building on its impressive track record of delivering approximately 20% savings on annual travel spend for Middle Eastern organisations, Musafir Business processed over 600,000 transactions in 2022. The company aims to sustain its growth momentum in 2023, targeting approximately 1.1 million transactions for the year.

Remarkable growth

Sachin Gadoya, Co-founder & CEO of musafir.com and Musafir Business, said: "We have experienced remarkable growth in the region and are determined to replicate this success in other markets. With our successful launch in India and the overwhelming response we received within the first month, we are thrilled to announce our upcoming expansion into Saudi Arabia, scheduled for Q3 2023.”

The global business travel spending reached $933 billion in 2022, accounting for 65% of the pre-pandemic travel spend of $1.4 trillion. The MEA region contributed approximately 2.5% of the overall business travel spending in 2022, amounting to $23 billion.

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