In a bid to assist India’s bus transport sector, main on-line bus ticketing platform redBus has launched ‘India BusTrack‘, an revolutionary quarterly report which affords a complete evaluation of the Indian intercity bus business. The inaugural report launched at a press occasion in Delhi introduced key insights from November and December 2023.
Among the many key insights, it was revealed that 67 per cent of on-line bus ticket bookings in India come from non-metro areas whereas expressway improvement throughout the nation can lead to as much as 200 per cent progress in bus seat bookings.
redBus, on the event stated that the initiative goals to fill the present void within the sector by offering a data-driven overview accessible to all stakeholders, together with personal bus operators, state-owned bus operators, authorities entities, and most of the people.
India BusTrack guarantees to revolutionise decision-making processes throughout the bus transport ecosystem. The inaugural report delves into important parameters, together with demand, provide, geographic distribution, journey patterns, gender ratios, and extra. The report ensures stakeholders stay knowledgeable about business dynamics and tendencies by providing quarterly updates. Notably, whereas nearly all of information displays the broader bus market, particular insights from redBus’ on-line platforms are additionally integrated, the corporate shared in its assertion.
On the launch occasion, Prakash Sangam, CEO, redBus, expressed enthusiasm concerning the launch, highlighting the report’s potential to drive transformative change throughout the sector. He emphasised the importance of transitioning from fragmented information to complete analytics, enabling knowledgeable decision-making and fostering collaboration throughout the business.
“Our intention is to offer invaluable insights that empower bus operators, transport our bodies, and fanatics alike. With BusTrack, we aspire to bridge the hole between fragmented information and knowledgeable decision-making, transitioning from rudimentary estimations to complete analytics. This quarterly information report signifies our dedication to revolutionising the bus transport business, providing exact figures and tendencies beforehand unavailable. We envision India BusTrack as a catalyst for progress, fostering collaboration and effectivity throughout the sector,” he stated.
Moreover, MakeMyTrip will collaborate intently with the tourism division to highlight pilgrimage websites and wildlife-centric journey experiences, amplifying their visibility by way of its platform. redBus, alternatively, might be designated because the official “On-line Bus Ticketing Companion” by the Madhya Pradesh Tourism Board, facilitating seamless journey exploration throughout the state.
Key Insights from the First Version of India BusTrack Market Measurement and Exercise: The interval noticed a gross ticketing worth of INR 36.37 billion, with 4468 lively personal bus operators and 36.06 million passengers travelling.
Community and Attain: India boasts 3,63,918 distinctive bus routes, connecting 8,530 cities throughout the nation, rivaling the attain of railways.
Passenger Preferences: AC buses have been favoured by 62 per cent of passengers, whereas 50 per cent opted for sleeper buses, and 33 per cent selected hybrid choices.
Journey Patterns: Fridays emerged because the busiest journey day, with Thursdays witnessing greater footfall than Saturdays or Sundays. Tuesdays noticed the least journey exercise.
Occupancy Charges: Maharashtra & Goa recorded the best bus occupancy at 82 per cent, whereas Madhya Pradesh & Chhattisgarh reported the bottom at 67 per cent.
Demographic Tendencies: Younger travellers dominated bookings, with 29 per cent aged 18-25 and 39 per cent aged 26-36. Notably, 33 per cent of passengers have been feminine, and 52 per cent traveled solo.
Reserving Patterns: Metro cities accounted for 33 per cent of bus bookings, indicating the rising significance of tier-II and tier-III cities.
Expressway Growth Influence: Infrastructure enhancements, such because the Samruddhi Expressway, led to a big discount in journey time, a surge in seat bookings, and decrease prices.
On ETTravelWorld’s question on together with On Time Efficiency of buses, Sangam stated the redBus group is working to incorporate the identical within the coming stories. He talked about that greater than 90 per cent of bus operators working with redBus use their GPS monitoring service, which is able to assist the corporate compile the on time efficiency information.
Responding to questions on EV buses and solo ladies travellers, the redBus CEO stated that EV buses at the moment comprise a really small share of the intercity bus section, with solely 400 bus providers plying on redBus. On solo ladies travellers, redBus group stated that there was a 35 per cent progress in variety of solo ladies travellers utilizing intercity bus service.
