SanKash, the fastest-growing travel fintech offering financial services to the travel market, today announced its plans to hire 500 professionals in India, over the next six months. All these hirings will be to fuel SanKash’s sales and operations feet on the street capability to cater to its existing travel merchant base of 6000 spread across 250+ cities and increase its ground presence at 150,000 travel Points of sale which dominate the Indian travel market.
Speaking on the new line of hiring, Abhilasha Negi Co-founder and Head of HR, SanKash, commented, “The travel and tourism market in India is anticipated to touch $125 billion by FY27 from an estimated $75 billion in FY20. Along with the surge, the travel merchant base is also witnessing blitzkrieg expansion. The fresh hiring is directed at catering to this segment. With the market picking up post COVID, travel merchants are seeing significant growth in bookings compared to the bygone year as consumers’ confidence is gradually returning.”
India is home to a large travel and tourism market, with a range of niche products, such as cruises, adventure travel, medical, spiritual, wellness, sports, MICE, eco-tourism, film, rural and religious tourism. It also contributes significantly to India’s foreign exchange, akin to many other countries. Before the pandemic, India’s foreign exchange earnings from tourism grew at a CAGR of 7% (between 2016 and 2019).
The tourism sector is propelling the country’s economic growth and creating large-scale employment opportunities. The sector contributed 5.8% or ₹13,161 billion to India’s GDP in 2021.