IntrCity SmartBus, estimates that Inter-city mobility will cross pre-COVID levels of 50 million daily travellers by the end of 2022. The company witnessed approximately 20-25% higher bookings during this festive season than the same timeline across functional travel & leisure travel.
In the first half of 2022, IntrCity SmartBus grew 1.8x, with revenues nearing $45 million annualised run rate and business achieving operational profitability. While the overall inter-city bus industry is expected to grow at a CAGR of 15%+, the company is expecting a 60-70% growth from the same time last year in 2021.
Destinations like Goa have seen a surge in incoming travellers of around 7-10k daily travellers during the Diwali week, across trains, buses and shared/self drive cars. The demand is increasing across leisure destinations like Kullu, Manali, Shimla, Agra Katra, Tirupati along with high travel demand on functional routes like Bangalore, Chennai, Hyderabad and travel from Delhi to Punjab and Uttar Pradesh.
These tourist destinations such as Tirupati, Goa, and Manali are expected to grow more than 2X of last year in 2021. The daily bus travel between Delhi and Katra is around 2000 and is expected to grow by 30% or more during November & December 2022.
