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Hotels, accommodations to contribute around 70 pc of total business by 2022: MakeMyTrip

Press Trust of India  |  New Delhi 

Online firm said it is looking at the hotels and accommodations segment to contribute around 70 per cent to its overall revenue by the end of 2022.

Currently, hotels and accommodations account for around 54 per cent of the company's total revenue.

"By the end of 2022, 70 per cent of our revenue will come from the hotels and accommodations segment," founder and told

Currently, around 33 per cent of revenue comes from air and the rest is roughly from redBus, insurance and experiences, he added.

"Going forward, the hotels and accommodations will contribute a bigger share of revenue, as there is still a lot of headroom in hotels. Still, only around 15 per cent of hotels are booked online, so there is a big market to be tapped," Kalra said.

On the trend of more Indians opting for overseas travel, he said: "The big focus area for us and where Indians are going right now is overseas. Middle class has the money and is travelling overseas as it is aspirational."

The growth in international travel will be higher and it will grow faster than the domestic segment, he added.

The company has recently posted its third-quarter results with a growth of over 30 per cent.

When asked about the growth road map, Kalra said: "We are looking to moving on to twin path of growth and at the same time of reduction of losses."

He, however, did not provide any future guidance on growth numbers.

On the issues raised by and restaurant associations, including the Federation of and of (FHRAI), regarding commissions and pricing with MakeMyTrip, Kalra said: "Out of our 60,000 partners, around 99.9 per cent are still with us."

provides access to all major domestic airlines operating in and all major airlines operating to and from India, over 60,000 domestic accommodation properties in and more than 5 lakh properties outside India, and all major Indian bus operators.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, February 10 2019. 11:50 IST