Tag Archives: Makemytrip

Based on the travel reaches of its over 10 crore active users, MakeMyTrip in its ‘India Travel Trends Report’ revealed 25% increase in the number of people taking more than three trips a year. International bookings are once again being made well in advance instead of sudden travels during the tumultuous 2020 and 2021, the report added.

MakeMyTrip expands its operations to over 150 countries including major travel markets like the UK, Germany, Japan, Italy, and France. The travel platform is all set to adhere to multiple international compliances, including the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).

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.

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.

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.”

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.

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’. 

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.

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.

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.