Fintech Travel Credit Card Sees 30% Surge in Summer Bookings – Travel And Tour World

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Travel credit card fintech Scapia announced a significant 30% increase in domestic and international travel bookings during this summer season, compared to January. The Bengaluru-based company highlighted popular domestic destinations such as Goa, Varanasi, Srinagar, Port Blair, and Leh between February and May. Internationally, travelers favored UAE, Thailand, Malaysia, Singapore, Indonesia, and Sri Lanka.

Notably, women solo travelers increased by 47%, while solo male travelers grew by 39%. Thailand and Malaysia saw a fourfold surge in popularity among solo travelers, and Nepal experienced a threefold increase in bookings. “Women’s greater engagement in solo travel reflects a positive shift in the Indian travel and tourism market,” Scapia noted, attributing this to advancements in technology, improved security, and accessible travel information online.

Lesser-known destinations like Penida Island in Indonesia, Nonthaburi in Thailand, and Kowloon in Hong Kong also gained traction among travelers this summer.

Despite initial turbulence in 2024, when some Scapia customers faced credit limit reductions by Federal Bank, the company has rebounded. Founded in 2022 by former Flipkart executive Anil Goteti, Scapia raised $23 million in a funding round led by Elevation Capital and 3STATE Ventures, with participation from Matrix Partners India and Tanglin Venture Partners.