Makemytrip

MakeMyTrip to grow franchise base by over 50% this year to expand reach

Online travel services provider, MakeMyTrip on Wednesday said it plans to grow its franchise base by over 50 per cent this year to expand its reach in smaller cities and towns across India. The company is seeking to tap into the opportunities provided by the government's initiative to increase the number of airports in India by adding 80 airports over the next three years, taking the number to 220 by 2025, MakeMyTrip (MMT) said in a statement. MMT said it started 2023 with 146 active franchisees and the aim is to grow by more than 50 per cent to reach 220 by the end of the calendar year. "The franchise network expansion is part of our broader strategy to serve customers in the top 100 plus cities of India. The franchise network will help serve those customers who may be more comfortable talking to someone they trust," MakeMyTrip Co-Founder and Group CEO Rajesh Magow said. On the opportunities in the country, he said India has emerged as one of the world's fastest-growing aviation .

Start-up funding winter a reality, going to be short & sharp: MMT chairman

The start-up funding 'winter' is a reality but it is going to be short and sharp, and it has been exacerbated by the banking crisis in the US and Europe, travel services provider MakeMyTrip Chairman Deep Kalra said on Tuesday. With domestic players in travel in India reporting more than 100 per cent recovery from pre-COVID period, the industry will witness steady secular growth, he said while speaking at the Times Network India Digital Fest here. "I think the startup winter, which we're talking about or the funding winter that we're talking about is a reality, but it's going to be short, but sharp," Kalra said. He further said, "And today, it's not only because of the overheated part of it, but now we have the banks crisis, not just in the US but also in Europe, which really exacerbates most of this but I've seen cycles now being shorter, sharper and it will come back. Kalra was responding to a query on the churn witnessed by the start-up ecosystem where valuations have dropped and

MakeMyTrip experimenting with ChatGPT to boost customer experience

Global travel service provider MakeMyTrip is experimenting with AI chatbot ChatGPT to see if its integration can make customer experiences and their vacation planning better on the platform

MakeMyTrip reports highest ever gross booking, operating profit in Q3

Nasdaq-listed firm says demand for travel and tourism improved during the quarter on peak seasonality. Gross booking grew 64% YoY in constant currency terms to $1.74 billion

MakeMyTrip logs highest-ever quarterly gross bookings at $1.75 billion

Demand for leisure travel and tourism improved on the back of peak seasonality, according to the company

Have adequate funds to survive any Covid curbs: MakeMyTrip CEO Magow

In an interview with Business Standard, MakeMyTrip CEO Rajesh Magow talks about the steps the company took to emerge stronger from the Covid setback will help them withstand any uncertainty

Beaches to mountains: Indians are heading out for their New Year vacation

A quite hill town, a bustling beach, or an international city: Indians are taking their pick to greet the New Year

Hotels to tickets: Travel return fuels growth for online travel aggregators

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

Villas to luxury apartments: Picking homestays over hotels is more fun

The rising trend in travel and hospitality offers guests privacy and comfort for a cheaper price

Penalties on OYO, MakeMyTrip, GoIbibo big win for hospitality sector: FHRAI

With the penalties of Rs 223.48 crores and Rs 168.88 crores on MMT-Go and OYO for anti-competitive conduct, the FHRAI described it as "one of the biggest wins for the hospitality industry"

Flipkart launches Flipkart Hotels for domestic, international market

Flipkart Hotels will provide customers with the opportunity to book hotel rooms across 300,000 domestic and international hotels

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months

MakeMyTrip Q4 profit rises 8% to $12 mn; gross bookings exceed $1 bn

MakeMyTrip Q4 results 2022: The Nasdaq-listed firm had posted an adjusted operating profit of USD 11.1 million in the same quarter previous fiscal

MakeMyTrip partners with banks, NBFCs for 'book now pay later' option

The book now pay later (BNPL) payment has been introduced on bookings for travel, flight or hotels, on MakeMyTrip as well as on the Goibibo app

MakeMyTrip to enhance business-to-business segment to tap corporate travel

MakeMyTrip said it is planning to enhance its business-to-business segment, targeting large corporates and MSMEs to tap the opportunity in domestic corporate travel.

MakeMyTrip sees 150% rise in super-luxury, premium hotel bookings

MakeMyTrip said it has witnessed a nearly 150% increase in bookings for super-luxury and premium hotels during the pandemic

MakeMyTrip-owned RedBus plans integrated end-to-end online travel solutions

With the launch of RedRail app, the leading bus platform aims to be IRCTC's biggest ticket booking partner in two years

MakeMyTrip's fintech arm TripMoney buys majority stake in BookMyForex

MakeMyTrip's fintech arm TripMoney on Tuesday said it has acquired a majority stake in online foreign currency exchange services provider BookMyForex to become a one-stop solution for all forex need

Budget carrier IndiGo partners with MakeMyTrip for holiday offerings

IndiGo said it will use its extensive flights inventory across the network in conjunction with MakeMyTrip's vast inventory of hotels and activities, to offer holiday packages under 6E Holidays

IndiGo partners with MakeMyTrip for domestic and overseas packages

IndiGo said it will use its extensive flights inventory across the network in conjunction with MakeMyTrip's vast inventory of hotels and activities, to offer holiday packages under 6E Holidays