MakeMyTrip-Ibibo

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

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"

The Ministry of Tourism has signed a MoU with MakeMyTrip (India) Private Limited and Ibibo Group Private Limited as part of its ongoing efforts to strengthen the hospitality and tourism industry

Joining the ongoing tussle between hotels and online travel aggregators (OTAs) across the nation, hotels in Sikkim Thursday said they had closed bookings from Goibibo and MakeMyTrip from January 16 in the state. The Sikkim Hotels & Restaurants Association (SHRA), in a meeting convened recently in Gangtok, decided to close down inventory to the OTAs indefinitely, with effect from January 16, 2019, a statement said. The hotels would not honour any new bookings that might come through, the statement said, adding that SHRA member hotels have also decided to terminate their contracts with OTAs. "We are in solidarity with the country's apex hospitality body Federation of Hotel & Restaurant Associations of India (FHRAI) in uniting against the OTAs' unfair and discriminatory business practices," SHRA President Pema Lamta said. Many other hotel associations all over India have accused OTAs of charging exorbitant commissions, unfair accounting practices and discounting of prices set by

More than 40% of the room inventory available on the OTAs is illegally operated

The decision to boycott the online booking platforms over commission and indiscriminate discounts was taken at a meeting of Gujarat chapter of the Hotels and Restaurants Association this week

At present, segment accounts for around 57% of agency's overall business

Intercity cab travel, alternative accommodation and online bus booking to be main areas of synergy