icanstay Revenue and Competitors

icanstay.com is the flagship portal of First Time Travellers Ltd., a Delhi based startup. The Company was established in 2015 on August 31st, and the website was launched in Feb, 2017. We are not a regular hotel or vacation booking site. We are a voucher based travel portal specializing in giving luxury hotel experience to the millions of Indians who are waiting to fulfil their aspirations to stay in a branded luxury hotels. Users purchase an open voucher priced at an affordable price of Rs 2,999 (incl. GST) and can stay in a 4 and 5 Star Luxury hotel against the same. Of the total branded luxury hotel capacity of 1.25 lakh room nights per day, c.38% go unoccupied, amounting to a loss of Rs 10,000+ crore p.a. to the industry. icanstay.com acquires unsold room inventory from luxury hotels and offers them to aspiring consumers, upgrading them from budget to luxury hotel. We bridge the gap between hotels' unsold inventory and consumer demand without cannibalising the existing customer base of these hotels. icanstay.com is available via its website and free mobile app on Android and iOS. Presently the service is offered at more than 100 luxury hotels in 50+ cities, and the company is planning to expand to 100 cities within 2018. Catalysed by partner hotels and encouraging response from consumers, icanstay.com has experienced good growth within the first year. Customer satisfaction whilst upgrading their experiences is in our work ethic. Our core differentiator lies in providing branded luxury hotel stays at the price of budget hotel stays. With the policy of “One India One Price”, we make sure that there are no hidden charges or any surge pricing. It's a unique concept launched for the first time anywhere in the world. We are manic about giving the most trusted user experiences at every level, which is also reflected in our fast settlement and refund processes as well. Our Mission: Make Luxury Hotels Affordable For All!