MakeMyTrip tips

MakeMyTrip reported its highest-ever quarterly gross bookings, revenue, and profit in its third quarter for fiscal year 2024.

Despite India’s tremendous growth in aviation, the country remains a highly under-penetrated market, said Indian aviation minister Jyotiraditya Scindia.

IPO-boundhospitality and travel technology company Oyo has announced that it would open around 400 properties in popular spiritual destinations by year end.

Indian online travel agency EaseMyTrip announced on Monday that it has suspended all flight bookings to Maldives in what its Co-Founder and CEO, Prashant Pitti, deemed was in “solidarity with the nation.”

As the year-end holiday season approaches, more people are choosing to travel than stay at home, a MakeMyTripreport suggests. However, traditional Indian leisure spots continue to be a hot favorite. 

Low-cost carrier IndiGois set to be the first airline partner for India’s new Noida International Airportwhen it begins its first phase of operations by the end of next year. 

Trevolution Group reported 37% growth in travel sales across the Indian market during the first three quarters of 2023. Here are some of the key takeaways:

Online travel agency MakeMyTrip announced that it is acquiring a majority stake in Indian intercity car rental company Savaari.

Online travel agency Goibibo announced this week that it has signed Bollywood actress Kareena Kapoor Khan as its brand ambassador.

Embracing the fervor of the Cricket World Cup in India, MakeMyTrip is diving headfirst into the event that’s expected to attract a massive audience. In its latest campaign, the online travel company is enlisting cricket superfans to ensure the quality and hospitality standards of its homestays and villas.

Low-cost carrier Indigo has now introduced a distance-based fuel charge on domestic and international routes.

Online travel company Agoda has announced that it has partnered with Indian e-commerce platform Snapdeal to deliver what it calls cost-effective travel options for Indian consumers.

One of the segments that has started showing results for MakeMyTrip is its corporate travel platform, MyBiz.

A large part of India travels by bus and rail. And taking advantage of the country’s significant leap in online train ticketing is Ixigo — including its subsidiary ConfirmTkt — which leads the way with nearly 50% market share of India’s online travel. 

Having started as a mom-and-pop travel agency, EaseMyTrip today figures among the largest online travel agencies (OTA) in India with a market capitalization of $1.1 billion while being completely bootstrapped.

A listing in India, where the market is now more receptive to e-commerce platforms, is still on the agenda for MakeMyTrip, even as the online travel agency said it is not looking at any fundraising immediately.

Online travel agency Musafir is on the lookout for acquisitions to fuel growth across the Middle East and India.

Corporate travel and expense management company Navan has bought India’s corporate travel startup Tripeur.

Indian low-cost carrier GoFirst’s recent filing of voluntary insolvency resolution proceedings is unlikely to have a large impact on the market, said Rajesh Magow, co-founder, group CEO and director of online travel agency MakeMyTrip.

Top U.S. lawmakers have urged the Biden administration to address the visa wait time issue in India on a priority basis. Visa delays are the single biggest impediment to exponential growth in travel between the U.S. and India. The U.S. Consulate’s all-hands-on-deck approach — such as bringing processing staff in on weekends, making embassies available to Indian nationals in other countries and hiring more staff — has reduced the wait times in the country by 50 percent, from an average of 669 days in mid-March to 337 days in early April, according to the U.S. Travel Association. 

Airbnb has signed a memorandum of understanding with India’s Ministry of Tourism to showcase the country’s heritage stays and promote cultural tourism. As part of the ministry’s “Visit India 2023” initiative, Airbnb will launch a dedicated ‘Soul of India’ microsite; offer support to hosts in untapped tourist areas; assist them in promoting their homestays; build host capacity; and foster a culture of responsible hosting.