GenaRes Expands into India
NOVEMBER 22, 2005. GenaRes has selected Spectra Hospitality as the exclusive provider of its reservations services in India, Nepal, Sri Lanka, Bangladesh, Burma, Bhutan and Pakistan.
As a result of the new agreement, hotels based in India and the Indian subcontinent now have a local source with which they can contract to access GenaRes' state-of-the-art Internet-based central reservations system (CRS) for reservations processing and for distribution of their hotel inventory to the global distribution systems (GDSs) and thousands of consumer-focused travel Web sites around the world.
According to recent estimates of the World Travel & Tourism Council, Indian tourism demand will grow at 8.8 percent over the next 10 years, which would place India as the second-most rapidly growing tourism market in the world after Montenegro and after China.
"The hotel industry in India is ripe for a technology solution such as ours," said GenaRes President Eugene Harris. "India's growing tourism market - both inbound and domestic - is causing many hoteliers there to take a hard look at their current technology and distribution opportunities. We believe that Navneet Nagpal and his team at Spectra Hospitality are well positioned to help these hoteliers expand their revenues through broader distribution via GenaRes."
"Recent studies reinforce the growing importance of hoteliers having their inventory available online for booking via the Internet," Spectra's Navneet Nagpal commented. A survey of online shoppers conducted recently by the Internet & Mobile Association of India (IAMAI) found that 20% of Internet users in India had made hotel reservations online; and 31% indicated that they were likely to do so in the near future. "Through GenaRes, Spectra can now provide the ideal solution for hoteliers in India that recognize how critical it is to be available for booking via the thousands of travel-related Web sites around the world," Nagpal said.
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