In a travel and tourism industry set to generate $22.30 billion in India by the end of 2024, Vervotech has created its own place, driving change with its innovative accommodation data management solutions. The India Online Travel Market, estimated at $17.24 billion in 2024 and projected to reach $28.40 billion by 2029, growing at a CAGR of 10.5% (source: Mordor Intelligence), reflects the rising demand for Vervotech’s advanced data solutions. Additionally, the projected annual growth rate of 8.87% for the sector is expected to increase the market volume to $34.11 billion by 2029 (source: Statista), highlighting the growing need for efficient data management.
Founded in 2018, Vervotech quickly made a mark in the travel technology sector with its AI-driven tools designed to streamline and enhance data for global travel businesses. As a subsidiary of Constellation Software Inc. (TSX: CSU), Vervotech offers a suite of enterprise-level products, including the Hotel Mapping Tool and Room Mapping Tool. These tools use AI and Natural NLP technologies to eliminate data redundancy, complete missing information, and deliver the most accurate and comprehensive hotel content to travel companies. “Our mission is to organize the world’s accommodation data,” says Sanjay Ghare, Vervotech’s CEO, whose vision has driven the company’s rapid growth.
Vervotech’s Hotel Curated Content product goes beyond basic data management by enriching hotel information with multilingual descriptions, brand details, nearby points of interest, and more, helping travel companies offer more personalized and accurate booking experiences. The company’s success is not only due to its technological innovation but also its commitment to a human-centric approach. “Our success stems from our focus on people—whether it’s our clients, employees, or the communities we engage with,” Ghare explains, emphasizing the company’s dedication to balancing technology with a strong human touch.
Since its inception, Vervotech has achieved remarkable growth, recording a 200% year-on-year increase. Its products are now utilized by over 1,000 travel brands and integrated with more than 400 suppliers across North America, South America, the Middle East, and APAC regions. The company’s strategic use of inbound marketing, SEO, and digital PR has been crucial in sustaining this growth.
Recognized by industry leaders such as Tech Breakthrough and World Travel Awards, Vervotech has been honored as a category winner in 2021, 2022, and 2023, reflecting its ongoing excellence and innovation.
As Vervotech continues to innovate and expand, it remains dedicated to its core principles, using modern tech and maintaining a strong human connection. This blend of technological advancement and people-focused philosophy ensures Vervotech’s ongoing success and influence in the travel technology sector.
