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Tourism start up icanstay eyeing Rs 700 cr turnover by this fiscal end

First Time Travellers Limited (FTTL), which has just launched its portal, is not only confident of crossing Rs 700 crore turnover by this fiscal end but also plans to expand its services to 60 cities during the same period.

“We are confident of our business model as we acquire perishable room inventory from luxury hotels and offer them to people at Rs 2,999 only which nobody offers. We earnestly believe that we will surpass even Rs 700 crore turnover by this fiscal end and hope to exceed sale of 1 lakh vouchers,” said Avneet Soni while talking to The Pioneer. “Even business houses are showing their interests in our offer and talks are going on for bulk vouchers. We hope many more bulk deal of our vouchers from big companies very soon,” added Soni without disclosing the names of companies. offers an unbelievable price of Rs 2999 (inclusive of taxes) per night for a stay in 4/5 Star Luxury Hotels all over India. The price is fixed and does not change even during the peak season. Currently its services are available in 25 cities.

 “Our USP is the price we offer for stay in a luxury hotel. By being a bridge between the aspirational traveller and the luxury hotels, we are creating a new market place for users and hotels in India. We are already witnessing a 28 per cent repeat purchase rate among users who have redeemed our vouchers,” said FTTL COO Puneet Gupta. The new concept operates through a pre-purchased voucher, that the users can buy from the website or the icanstay app available on Android and iOS platforms. After a voucher is purchased, users can create a wish list of up to five cities and date combinations for their desired stay. As soon as the voucher is redeemed, the name and address of the hotel is immediately communicated to the user. Talking to The Pioneer, FTTL Chief Marketing Officer Lakshmikant Gupta said; “In a very short span of 120 days icanstay has witnessed over 2 lakh unique visitors without much advertising push by the company. 25000 users have registered so far. icanstay is receiving tremendous response and rave reviews from users and in short time has become one of the most promising start ups in the travel and tourism sector.”