Page 3 - Makemytrip

From charters to Covid-19 certification, travel firms tap new revenue areas

While regular airline ticket sales have zero or minimum commission, agents can earn around five per cent on charter bookings

Start-ups need to hack costs to cope with pandemic: MakeMyTrip's Deep Kalra

Says capital has become scarce and only a few businesses in areas such as health and remote learning are getting capital, but they are just 1-2% of the ecosystem

MakeMyTrip narrows adjusted operating cash loss to $5.5 mn in Q4

Total Adjusted Revenue falls to $137.2 million in the quarter ended March 31, 2020 from $163.3 million in the same quarter last year

Hotels, travel brands pitch for a rebound as Covid-19 lockdown eases

As lockdown eases, ITC, Taj Hotels, Oyo, MakeMyTrip play up the safety line, bank on employee endorsements to rebuild trust in their brands

MakeMyTrip partners Meru to offer sanitised cab services at major airports

Safety procedures include ozone sanitisation inside the cab, IPA sanitisation of the cab's exteriors, temperature check of the driver-partner at the designated sanitisation hubs at the airports

Covid-19 impact: MakeMyTrip to lay off 350 staff as travel ban bites

it's become clear that there are certain lines of business that are deeply affected and will take much longer than the others to recover, says its CEO Rajesh Magow

MakeMyTrip partners premium hotels to launch online delivery service

With dine-in experiences coming to a halt due to the coronavirus pandemic-triggered lockdown, the company aims to bring culinary experiences from top restaurants to the doorstep of customers

Udaan lays off several contractual staff, offers one-month compensation

However, no decision has been taken on laying off permanent employees

MakeMyTrip, tourism ministry launch initiatives to fight coronavirus crisis

MMT has offered discounts for doctors, while tourism ministry has launched a special website for stranded foreign tourists

Covid-19: MakeMyTrip execs to draw zero salary, leadership to take 50% cut

The group is reviewing operating costs and plans to undertake multiple tough measures to keep overall expenses at a minimum

Online travel platforms, airlines reach out amid flight cancellations

The issues include not getting refunds on airline and hotel bookings, getting charged a service fee even if airlines have waived cancellation charges and so on

MakeMyTrip works on app upgrades, wider positioning in all types of travel

According to Magow, MakeMyTrip has been a transaction site but now wishes to cater for the customer even before the latter begins planning a destination

Coronavirus: Online travel firms offer refund after spike in cancellations

"…travellers are being cautious in making their (outbound) travel plans," said a spokesperson at MakeMyTrip

Coronavirus outbreak puts break on travel companies' recruitment drive

Bookings for South-East Asia have hit a snag, and travel firms are bracing for further cancellations with the virus now having spread to Europe

CCI orders detailed probe against Oyo, MakeMyTrip for unfair biz practices

The order came on a complaint filed by Rubtub Solutions Pvt Ltd which operates under the brand name of Treebo Hotels in India and is in the business of providing franchising services to budget hotels.

MakeMyTrip founder Kalra steps down as group CEO, Magow to take over

Deep Kalra will be succeeded by co-founder and India CEO Rajesh Magow

Domestic air passenger traffic grows by just 3.74% in 2019: DGCA

Grounding of Boeing 737Max aircraft and ongoing issues with AirbusA320Neo engines, too, has slowed down capacity growth

MakeMyTrip raises focus on homestay segment to compete in a growing market

A growing number, millennials in particular, is looking for alternatives to hotel bookings when planning a holiday

CCI to probe MakeMyTrip, Oyo for unfair business practices, deep discounts

Bengaluru/ New Delhi, 29 OctoberThe Competition Commission of India (CCI) has launched an investigation against Oyo Hotel & Homes and MakeMyTrip (MMT-Go), on charges of predatory pricing, creating a monopoly and deep discounting.A CCI order says there is enough substance to warrant a probe, on evidence that the two are charging excessive commissions from hotel partners and demanding deep discounts which have led to the destruction of competitive pricing in the marketThe complaint in this regard came from the Federation of Hotel and Restaurant Associations of India (FHRAI). And, CCI has directed its director-general, investigations, to do a detailed investigation in the matter and give a report within 150 days. "The there exists a prima facie case for investigation for alleged violation of the provisions of Section 3(4) of the Act. Further, a prima facie case for investigation under Section 4 is made out against MMT-Go, as elucidated in the earlier parts of this order. The DG is, ..

CCI orders probe against MakeMyTrip-GoIbibo, Oyo for unfair biz practices

The Competition Commission has ordered an investigation against online travel agents Make My Trip-GoIbibo and hospitality services provider Oyo for alleged unfair business practices. Following a complaint from the Federation of Hotel & Restaurant Associations of India (FHRAI), the watchdog looked into various aspects of their businesses and concluded that "prima-facie" there are violations of competition law. For the case, the Competition Commission of India (CCI) assessed the allegations on the basis of two relevant markets. In the case of Make My Trip-GoIbibo (MMT-Go), it is the 'market for online intermediation services for booking of hotels in India' and for OYO, it is the 'market for franchising services for budget hotels in India'. Make My Trip has acquired GoIbibo. The Commission said that MMT-Go prima-facie appears to be a dominant player in the relevant market. "... prima-facie OYO is not found to hold a dominant position, despite being a significant player in the market