Page 2 - Makemytrip

India's temple tourism goes premium: Bookings for ₹7,000-10K+ rooms up 24%

Pilgrimage travel, much like leisure, continues to be booked very close to the date of travel, with more than 63% of bookings made within six days of departure.

MakeMyTrip charts global expansion route, boosts corporate travel focus

Cofounder says growth driven by three engines: Customers, artificial intelligence, and supply

Travel aggregator MakeMyTrip targets 'Bharat' with GenAI travel assistant

Company aims to attract first-time online travel buyers from Bharat with voice-and-text GenAI planner, expanding reach as domestic tourism demand continues to rise

MakeMyTrip adds UK's largest hotel chain to strengthen hotel portfolio

Premier Inn's addition expands MakeMyTrip's directly contracted hotel base, aligning with its strategy to capture outbound demand in long-haul destinations like the UK and Europe

Now book Eiffel Tower, Desert Safari & more in INR-right from MakeMyTrip"

The platform allows Indian travellers to discover and book global experiences, from city walks and cultural tours to theme parks and adventure sports

Consumer court raps MakeMyTrip over fraud, orders ₹1.37 lakh payout

A consumer court has held MakeMyTrip (MMT) guilty of deficiency in service as well as adopting unfair trade practice for not acting on fraudulent transactions and deducting cancellation charges on a customer's air tickets as it asked the firm to pay him compensation. Observing the online travel firm "cannot shirk from its responsibility of keeping customers' financial and private details safe", it asked MMT to pay the remaining airfare of Rs 61,608, remaining airfare for illegal transaction of Rs 6,260 with 6 per cent annual interest from November 1, 2019, Rs 50,000 for mental agony, harassment and Rs 20,000 for legal expenses (total Rs 1.37 lakh) to the customer. The District Consumer Disputes Redressal Commission, Mumbai Suburban (Additional), in its order on June 30, noted the travel portal was also guilty of deducting cancellation charges "without any clear (and) mutually agreed terms and policy with the complainant (customer)". The company's response to the verdict was ...

MakeMyTrip raises $3.1 bn in APAC's biggest equity-bond deal since 2022

MakeMyTrip raises $3.1 billion via equity and convertible notes to reduce Trip.com stake below 20 per cent, marking APAC's largest concurrent offering since 2022

MakeMyTrip to raise $2.5 bn to slash Trip.com's stake and voting power

MakeMyTrip to repurchase Class-B shares from Trip.com, reducing its voting power and board rights amid calls to limit Chinese investment following India-Pakistan conflict

MakeMyTrip adds 'seat availability forecast' feature to ease train bookings

Travel booking major MakeMyTrip on Monday launched Seat Availability Forecast, providing a predictive view of when seats on a selected train are likely to sell out. The Gurugram-headquartered firm said its data shows that nearly 40 per cent of users book train tickets across multiple sessions, often over several days. Among these users, close to 70 per cent end up booking waitlisted tickets, simply because confirmed seats are no longer available by the time their plans firm up. Reserved train tickets in India open for booking 60 days ahead of departure. However, most travellers only finalise their plans much closer to the date, MakeMyTrip stated. "With demand patterns varying significantly from week to week, the window for confirmed bookings keeps shifting. In April, most high-speed trains were sold out around 13 days before the departure date. By May, due to rising demand, they were typically booked out more than 20 days before departure," the NASDAQ-listed company said. For ...

MakeMyTrip launches train seat prediction tool to reduce waitlisted fares

Never miss a confirmed seat again-MakeMyTrip predicts sell-outs and sends timely alerts so you can book your train tickets before they're gone

EaseMyTrip slams MakeMyTrip over alleged Chinese ties; MMT refutes claim

EaseMyTrip co-founder Nishant Pitti accuses MakeMyTrip of Chinese links posing security risks MakeMyTrip refutes the claims, calls itself a proud Indian company complying with laws

Turkish, Azeri tourism off India travel map; up to 260% drop in bookings

Indian tour operators are also seeing a drop in future bookings, by at least a fifth of what they would usually get at this time

MakeMyTrip clocks record $9.8 bn FY25 bookings; Q4 profit at $29 mn

MakeMyTrip reports record gross bookings of $9.8 bn in FY25, led by domestic and international travel growth; Q4 profit down due to last year's one-time gains

India's sustainable tourism market to touch $216 mn: MakeMyTrip founder

India's sustainable tourism market is set to grow to USD 216 million in a decade from a modest USD 37 million at present, MakeMyTrip Founder and Chairman Deep Kalra said on Wednesday. Addressing a travel conclave organised by the MakeMyTrip Foundation, Kalra highlighted the enormous potential presented by the sustainable tourism growth opportunity. "India's sustainable tourism market is still modest in size. It's about 37 million in dollar terms. Today should be in crores ... about Rs 320 crores right now, but growing to USD 216 million in 10 years time, will be among the fastest growing markets," he observed. The MakeMyTrip founder and chairman further shared that in terms of sustainability, today, only 1 to 2 per cent of all tourism in India can be called sustainable, and that's a stark contrast from international numbers in terms of enablers. He informed that globally, sustainable tourism is set to grow to a whopping USD 11.4 trillion in ten years time, from about USD 3.12 trill

DLF, RIL, Zomato, MakeMyTrip: Chris Wood of Jefferies rejigs India exposure

At a broader level, meanwhile, Wood suggested investors sell rallies in the US stocks and increase exposure elsewhere, most particularly Europe, China and emerging market equities in general

MakeMyTrip, Titan: 10 stocks Goldman Sachs thinks can rise 23% in 12 months

Nifty 50 has corrected 10 per cent from its peak in September 2024, Goldman Sachs said, driven by cuts in EPS growth following a slower macro as well as a sharp correction in valuation multiples

Only 1 in 6 corporate flyers in 2024 was a woman; Mumbai leads among metros

Among metropolitan cities, online travel aggregator MakeMyTrip indicates, Mumbai recorded the highest percentage of female corporate flyers at nearly 19%, followed by Delhi (18%) and Bengaluru (17%)

Spritual tourism: You can now find 'Loved by Devotees' places on MakeMyTrip

Travellers can find 'Loved by Devotees' stays on the MakeMyTrip app and website, where a dedicated tag provides clear information on amenities, location, and accessibility

Experiential travel a new avenue of strong growth: MMT Group CEO Magow

Magow said that growth in the travel and tourism industry is aided by a mindset shift, with people looking for new and unique experiences

Budget 2025: MakeMyTrip CEO seeks industry status for hospitality

Ahead of the Union Budget, MakeMyTrip co-founder and Group CEO Rajesh Magow on Monday said the hospitality sector's long-pending demand for an "industry status and continued focus on infrastructure development to ensure last-mile connectivity are crucial to realising its full potential. In an interview with PTI, Magow shared his wishlist for the Union Budget for 2025-26, to be presented on February 1. "The hope is that it should be growth-oriented budget, which effectively should set the tone for pretty much every sector, including travel and tourism sector for us as well. And within that, you know, the long pending demand of the hospitality sector, on getting the industry status continues to remain, and I think, and it's an important one, for the overall industry," Magow said. Asserting that the government has been doing a "great job" of allocating more funds towards infrastructure development, he said it is important to keep up with the pace of allocation as well as ...