Sam Jain

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Sam S. Jain
Born 1972 (age 44–45)
New Delhi, India
Residence New York, New York
Occupation Entrepreneur
Known for Co-Founder & CEO of CheapOair

Sam S. Jain (born 1972) is an Indian-American entrepreneur, and is the founder of CheapOair, Fareportal, and FareBuzz. He was born in New Delhi, India, where he lived until the age of 19, when he emigrated to the US.[1][2] He is currently the CEO of CheapOair, and resides in New York with his wife Vera and children.[3]

Career[edit]

After dropping out of the University of Delhi, Jain moved to New York, as to expand his father’s jewelry export business into the US. Not finding success in that industry, he began helping some friends who had a home based travel agency. In 1994 he developed FareBuzz, a company that, at that time, aggregated negotiated airfares from wholesalers and then sold them to retailers. FareBuzz was launched with Jain's personal savings and a bit of money from his father, and in its early days Jain ran every element of the business himself, including sweeping the floors.

In 2002 Jain launched the travel industry technology company Fareportal. Fareportal began as a business-to-business company which built and sold an online consumer interface for retail travel agents, although it eventually developed into an umbrella company for a number of subsidiaries, which now include CheapOair, FareBuzz, OneTravel, Travelong, Duke’s Court Travel, Fareportal Media Group, RoyalScenic, ClubMiles, TripCombi and WKTravel.

In 2006 Jain founded the online travel agency CheapOair, as a subsidy of Fareportal. Seeing a lack of customer service phone numbers on other online travel agency websites, Jain made sure there was a contact number on every page, an innovation which distinguished CheapOair from its competitors, and was a key factor in their success. CheapOair has also focused on its primary business of selling air tickets, in an era where many online travel agencies are moving to focus on hotels. CheapOair has become one of the top five online travel agencies, processing ticket sales of US$ 4.5 billion in 2015.[2][4][1][5][6]

References[edit]

  1. ^ a b Eng, Dinah (13 November 2014). "Sam Jain's CheapOair is really taking off". Fortune. Retrieved 2 March 2015. 
  2. ^ a b Shillinglaw, James (6 April 2015). "Meet the Man Behind the Third Largest Online Travel Agency". Travel Pulse. Retrieved 6 September 2016. 
  3. ^ "Sam S. Jain". FarePortal Homepage. Retrieved 3 February 2017. 
  4. ^ Schaal, Dennis (24 September 2013). "Why CheapOair Is Sticking With Flights While Booking Peers Chase Hotels". Skift. Retrieved 3 February 2017. 
  5. ^ "Company Overview of Fareportal, Inc.". Bloomberg.com. Retrieved 3 February 2017. 
  6. ^ "Fareportal Surpasses $4.5 Billion in Sales — a Testament to the Ease & Appeal of Its Multi-Channel Travel Booking". DealCrunch. 29 August 2016. Retrieved 8 March 2017.