Tag Archives: Makemytrip

Need to overhaul taxation & compliance structure to boost domestic travel industry: Rajesh Magow, MMT

Rajesh Magow, co-Founder & Group CEO, MakeMyTrip, has said that there is a need to overhaul taxation and compliance structure to boost the domestic travel industry. “We suggest that tourism exports be treated at par with other exports and services and such transactions may be zero rated for GST without stopping the flow of input credits,” he added.

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MakeMyTrip creates marketplace for easy travel credit

MakeMyTrip has introduced Book Now Pay Later (BNPL) payment option while booking travel (flight or hotels) on MakeMyTrip as well as on the Goibibo app. TripMoney, MakeMyTrip’s fintech arm, has established a marketplace attracting 15 leading fintech players and NBFCs/Banks including Capital float, Zest Money, IDFC Bank, Kissht, Lazypay, Simpl, HDFC Bank among others, to offer easy travel credit to the travellers.

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Corporate travel’s 100% recovery in Pharma, Healthcare, Real Estate & Biotech sectors

Corporate travel in India is making a comeback with 100% recovery across Pharma, Healthcare, Real Estate and Biotech sectors on MakeMyTrip. There is significant recovery in sectors including Manufacturing, Defense & Space, Logistics as well as utilities with professionals returning to travel for work. MakeMyTrip’s recent market study on the recovery trends for the corporate travel segment further indicates that sectors including Financial Services, IT, Consumer goods and Automotive will see relatively slower recovery and are likely to be the last to see a complete recovery as far as corporate travel is concerned.

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FHRAI pitches for open and fair market competition

In the ongoing row over unethical business practices involving MakeMyTrip and Goibibo (Go-MMT) giving the preferential listing to Oyo and putting other budget hotel franchises at disadvantage, a division bench of the Gujarat High Court has directed the Competition Commission of India (CCI) to afford Oyo Rooms an opportunity of hearing. On the said matter, FHRAI is pitching for open and fair competition in the market and intends to put an end to the disruption caused by Oyo.

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MakeMyTrip launches platform to give access to travel agents

MakeMyTrip.com has launched a new platform that will allow travel agents access to its entire inventory. Rajesh Magow, Co-Founder and Group CEO, MakeMyTrip, said, “We have built our inventory over the years especially in the hotel space. The idea behind this new product is to give access to this rich content to the travel agents. This B2B2C foray will allow agents to use our technology to service their customers. Agents will get a log-in and it will be at no fee at the moment. Any booking changes can be made on myPartner by the agents and our back-end will take care of that.”

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MMT announces expansion of existing Franchise Program

Online travel aggregator, MakeMyTrip has announced the expansion of its existing Franchise Program where it is looking for new strategic partners. Interested people can call on 7838166660 or email at Franchiseenquiry@makemytrip.com The company is calling all enterprising business-owners and entrepreneurs interested in nurturing a sustainable, profitable business and who can associate with MakeMyTrip and take benefits of attractive commissions, online booking tool with live inventory for instant quotations, training, post-sales, visa and operational support.

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