Homestays showing lot of promise with compounding growth: MakeMyTrip CEO

Magow talks about the travel boom in the country and the company's new avenues to drive growth

NASDAQ-listed travel platform MakeMyTrip reported its best-ever quarterly growth in December, posting a net profit of $24.2 million in the third quarter compared to the corresponding quarter last year.  Its total revenue increased 26.9 per cent to $214.2 million against $170.5 million compared to the same time last year. Rajesh Magow, the co-founder and group CEO of the online travel aggregator, talks to Akshara Srivastava about the travel boom in the country and the company’s new avenues to drive growth. Edited excerpts:

You reported your third quarterly results with the highest-ever numbers. What do you attribute this growth to?

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