According to siftings and evaluations of TheKredible, among the top five OTAs, MakeMyTrip is leading the chart in terms of operating revenue, witnessing a 95 per cent surge to ₹4,863 crore in FY23 from ₹2,492 crore in FY22.
Read More »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.
Read More »MakeMyTrip joins Global Sustainable Tourism Council
MakeMyTrip has become a member of the Global Sustainable Tourism Council (GSTC). Vipul Prakash, COO, MakeMyTrip, said, “We look forward to working closely with GSTC to help accelerate understanding and adoption of sustainable tourism practices in the country.”
Read More »75% Indians ready to spend more than pre-pandemic on travel: MMT
Deepak Rawat, Senior Vice President, MakeMyTrip, has said that their internal team survey revealed, “75 per cent of Indians are willing to spend more than what they were doing pre-pandemic on their travel and 52 per cent are willing to take a loan to travel. He was speaking at a panel discussion on India tourism recovery at ATM.
Read More »India to be largest outbound tourist market in next 3 years: MakeMyTrip
Deepak Rawat, Senior Vice President, MakeMyTrip, has said that India is going to be a market which will be the centre of outbound and will become the largest tourist market among the world in the next at least three years. He was speaking at ATM session titled ‘The Indian Traveller: Writing the global recovery sequel’.
Read More »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.
Read More »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.
Read More »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.
Read More »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.”
Read More »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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