EaseMyTrip

According to the technical analyst from Anand Rathi, ABFRL can rally to Rs 285, while EaseMyTrip can jump to Rs 60.

Air tickets and hotel booking businesses do well to help volumes, says online travel firm

Online travel tech platform EaseMyTrip.com on Tuesday said it has acquired a 55 per cent majority stake in cheQin for Rs 3 crore. cheQin is a real-time marketplace, which allows travellers to bargain with hoteliers without any effort. The deal will help in strengthening EaseMyTrip's hotel channel in terms of technology, adaptability, personalisation, and the acceptance of bulk booking and long stay requests, the company said in a statement. "EaseMyTrip is focusing on the growth of its non-air segments. This acquisition is a step towards revolutionising the hotel business altogether. Through cheQin, which is a unique app in the hotels industry, we will diversify our hotel booking experience through technology support," EaseMyTrip CEO and Co-Founder Nishant Pitti said.

Products and services that will be offered under the EaseMyTrip Franchise will include flight booking, group fares, hotels, holidays, IRCTC (rail booking), cabs, buses, cruises, charters, and visas

EaseMyTrip, Airbnb and OYO among companies reporting steady growth in business as pandemic wanes

"We are looking to acquire profitable, asset-light and tech-driven businesses in travel," Prashant Pitti, co-founder of EaseMyTrip, said in an interview on Reuters' Trading India chatroom

Airfares have jumped two to three times as compared to the normal times on non-leisure destinations

Flipkart Hotels will provide room bookings at 3 lakh domestic and international hotels. It will offer customers services like flexible travel and booking-related policies, and easy EMI options

While revenge travel has been one of the biggest factors driving the increase in bookings since last year, long weekend travel is now emerging as the new trend in the sector, the company said

The company had posted a profit after tax of Rs 22 crore in the same period last fiscal

EaseMyTrip said its board has approved issuance of bonus shares with a view to allow its shareholders increase their equity and gain greater exposure to its future growth

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The acquisition includes the brand name of YoloBus, its technology, team, running business and data expertise

A survey done by LocalCircles shows that a majority of people want the Centre to reconsider its decision on lifting of foreign flights in light of the new Omicron variant.

Online travel platform EaseMyTrip on Thursday announced the acquisition of hospitality management firm Spree Hospitality for an undisclosed amount.

Low-cost carrier SpiceJet has joined hands with online travel platform EaseMyTrip for holiday bookings, a release said on Wednesday.

The travel company saw its mcap cross $1 bn intra-day; its stock has been the second best performer in the segment after IRCTC

Started in 2008 by brothers Nishant, Rikant, and Prashant Pitti, it will become the first online travel aggregator to be listed on Indian bourses

The companies had filed draft offer documents with the Securities and Exchange Board of India (Sebi) during September-December 2019

The city-based company said the object of the public issue is to achieve the benefits of listing the equity shares on stock exchanges