Cleartrip Middle East announces strongest quarter in its history

Updated 06 February 2018
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Cleartrip Middle East announces strongest quarter in its history

Cleartrip Middle East, a leading mobile and online travel company in the region, delivered its strongest quarterly results ever in the fourth quarter of 2017 on the back of a 59 percent year-on-year increase in bookings in the MENA region.
“We marked a strong finish to 2017 with the best quarterly performance in Cleartrip Middle East’s history. In markets like the UAE, we were able to outperform the industry showcasing a multifold expansion. We are particularly delighted to see that our investments toward the adoption of new technologies have started to yield positive results,” said Stuart Crighton, founder and CEO of Cleartrip.
In the UAE, Cleartrip grew four times as much as the overall air industry growth rate, which expanded at about 13 percent compared to the same Q4 period a year ago. In Saudi Arabia, Cleartrip witnessed a 236 percent increase in growth, driven by a number of factors including the company’s launch of its Arabic website and continued focus on product innovation.
While India continued to be the strongest route in the UAE and Saudi Arabia, the company’s domestic travel segment in the Kingdom expanded 25-fold in the last quarter. The UAE witnessed a spike in traffic to the Philippines, Saudi Arabia and Egypt, while the Kingdom recorded a substantial growth in traffic to Egypt, the UAE, Pakistan, the Philippines and Turkey.
“We are optimistic that 2018 will be another strong growth year, and we will continue to drive innovation and leverage technology to diversify and enhance our offerings. With our strong presence in the region and our solid financial credentials, we couldn’t be in a better position to further scale our operations and expand our market footprint. Closely aligned with our long-term growth strategy, we have laid out plans to further deepen our presence in the region, starting with our launch in Egypt later this year,” said Sameer Bagul, EVP and managing director, Cleartrip.
All booking channels performed well during the quarter, however, mobile was one of the strongest boosted by the company’s investments worth more than $1 million in mobile development over the last year.
“We clearly know that the future is mobile and we will continue to step up our efforts to bolster Cleartrip’s leadership position in this space. We are also working toward introducing ‘chat based’ booking and service experience to enable our customers to interact with our brand in a more ‘natural’ manner by cutting out the noise,” said Bagul.


360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019
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360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.