Fintech
Fintech Travel Credit Card Sees 30% Increase in Summer Bookings
Saturday 29 June 2024
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Travel credit card fintech Scapia has announced a significant 30% increase in domestic and international travel bookings this summer season, compared to January. The Bengaluru-based company highlighted popular domestic destinations such as Goa, Varanasi, Srinagar, Port Blair and Leh between February and May. Internationally, travelers favored the United Arab Emirates, Thailand, Malaysia, Singapore, Indonesia and Sri Lanka.
In particular, female solo travelers increased by 47%, while male solo travelers increased by 39%. Thailand and Malaysia saw popularity among solo travelers quadruple, while Nepal tripled bookings. “The increased involvement of women in solo travel reflects a positive change in the Indian travel and tourism market,” Scopia noted, attributing this to technological advancements, improved security and accessibility of online travel information.
Lesser-known destinations such as Penida Island in Indonesia, Nonthaburi in Thailand and Kowloon in Hong Kong have also gained popularity among travelers this summer.
Despite initial turbulence in 2024, when some Scapia customers faced credit limit reductions from the Federal Bank, the company recovered. Founded in 2022 by former Flipkart executive Anil Goteti, Scapia raised $23 million in a funding round led by Elevation Capital and 3STATE Ventures, with participation from Matrix Partners India and Tanglin Venture Partners.
Labels: Airlines news, Fincard, Hong Kong, India, Asian Malaysia, Malaysia, Travelling alone, Thailand, Tourism, Tourist news, Voyage, Travel credit card, Travel news
