Page 5 - Makemytrip

RedBus partners MakeMyTrip to conduct free eye screening for 4k bus drivers

redBus, Indias largest online bus ticketing platform, has screened 4,000 bus drivers across India, for vision and other health issues associated with the onset of diabetes

NASDAQ-listed firm MakeMyTrip posts $5.4 million profit for Jan-Mar quarter

Online travel service provider MakeMyTrip Ltd on Tuesday reported a profit of USD 5.4 million in the fourth quarter ended March 31, 2023. The NASDAQ-listed firm had posted a loss of USD 4.1 million in the same quarter of the previous fiscal, MakeMyTrip Ltd said in a statement. Gross bookings in the fourth quarter were at USD 1,673.9 million as compared to USD 1,012.3 million, it added. Travel demand continues to be robust despite macroeconomic headwinds and Q4 being a seasonally slower quarter, the company said. For the fiscal ended March 31, 2023, the loss has reduced significantly to USD 11.2 million as compared to a loss of USD 45.6 million in FY22, it said. FY23 gross bookings stood at USD 6.6 billion as compared to USD 3.19 billion in FY22. "We witnessed robust recovery in travel demand with significant improvement in consumer sentiment during the fiscal year ended March 31, 2023," MakeMyTrip Group CEO Rajesh Magow said. He further said, "We are glad that our strategy of ..

MakeMyTrip brings generative AI for travel bookings, ties up with Microsoft

MakeMyTrip plans to expand the platform to other Indian languages, such as Bhojpuri and various southern dialects, in the near future

MakeMyTrip, Europamundo collaborates for intl' holiday packages in India

Digital travel firm MakeMyTrip on Monday said it has partnered with Europamundo, a leading global player in tourism and travel industry, for bringing the latter's international holiday packages in India online. With this partnership, over 600 new itineraries will be added to MakeMyTrip's existing catalogue of nearly 5,000 holiday package options, the company said in a statement. "The partnership further strengthens our portfolio and bolsters our capability to unlock global destinations in new combinations to cater to every traveller's preference," MakeMyTrip Business Head, Holidays & Experiences, Jasmeet Singh said. "We have been working closely and developing the market together over the years, and we have achieved this integration to offer an even more complete and personalised experience to customers," Europamundo CEO Alejandro de la Osa said. Holiday packages, as part of this partnership, are available starting from a price range of Rs 49,500 (excluding flights) across ...

MakeMyTrip to grow franchise base by over 50% this year to expand reach

Online travel services provider, MakeMyTrip on Wednesday said it plans to grow its franchise base by over 50 per cent this year to expand its reach in smaller cities and towns across India. The company is seeking to tap into the opportunities provided by the government's initiative to increase the number of airports in India by adding 80 airports over the next three years, taking the number to 220 by 2025, MakeMyTrip (MMT) said in a statement. MMT said it started 2023 with 146 active franchisees and the aim is to grow by more than 50 per cent to reach 220 by the end of the calendar year. "The franchise network expansion is part of our broader strategy to serve customers in the top 100 plus cities of India. The franchise network will help serve those customers who may be more comfortable talking to someone they trust," MakeMyTrip Co-Founder and Group CEO Rajesh Magow said. On the opportunities in the country, he said India has emerged as one of the world's fastest-growing aviation .

Start-up funding winter a reality, going to be short & sharp: MMT chairman

The start-up funding 'winter' is a reality but it is going to be short and sharp, and it has been exacerbated by the banking crisis in the US and Europe, travel services provider MakeMyTrip Chairman Deep Kalra said on Tuesday. With domestic players in travel in India reporting more than 100 per cent recovery from pre-COVID period, the industry will witness steady secular growth, he said while speaking at the Times Network India Digital Fest here. "I think the startup winter, which we're talking about or the funding winter that we're talking about is a reality, but it's going to be short, but sharp," Kalra said. He further said, "And today, it's not only because of the overheated part of it, but now we have the banks crisis, not just in the US but also in Europe, which really exacerbates most of this but I've seen cycles now being shorter, sharper and it will come back. Kalra was responding to a query on the churn witnessed by the start-up ecosystem where valuations have dropped and

MakeMyTrip experimenting with ChatGPT to boost customer experience

Global travel service provider MakeMyTrip is experimenting with AI chatbot ChatGPT to see if its integration can make customer experiences and their vacation planning better on the platform

MakeMyTrip reports highest ever gross booking, operating profit in Q3

Nasdaq-listed firm says demand for travel and tourism improved during the quarter on peak seasonality. Gross booking grew 64% YoY in constant currency terms to $1.74 billion

MakeMyTrip logs highest-ever quarterly gross bookings at $1.75 billion

Demand for leisure travel and tourism improved on the back of peak seasonality, according to the company

Have adequate funds to survive any Covid curbs: MakeMyTrip CEO Magow

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

Beaches to mountains: Indians are heading out for their New Year vacation

A quite hill town, a bustling beach, or an international city: Indians are taking their pick to greet the New Year

Hotels to tickets: Travel return fuels growth for online travel aggregators

EaseMyTrip, Airbnb and OYO among companies reporting steady growth in business as pandemic wanes

Villas to luxury apartments: Picking homestays over hotels is more fun

The rising trend in travel and hospitality offers guests privacy and comfort for a cheaper price

Penalties on OYO, MakeMyTrip, GoIbibo big win for hospitality sector: FHRAI

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"

Flipkart launches Flipkart Hotels for domestic, international market

Flipkart Hotels will provide customers with the opportunity to book hotel rooms across 300,000 domestic and international hotels

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months

MakeMyTrip Q4 profit rises 8% to $12 mn; gross bookings exceed $1 bn

MakeMyTrip Q4 results 2022: The Nasdaq-listed firm had posted an adjusted operating profit of USD 11.1 million in the same quarter previous fiscal

MakeMyTrip partners with banks, NBFCs for 'book now pay later' option

The book now pay later (BNPL) payment has been introduced on bookings for travel, flight or hotels, on MakeMyTrip as well as on the Goibibo app

MakeMyTrip to enhance business-to-business segment to tap corporate travel

MakeMyTrip said it is planning to enhance its business-to-business segment, targeting large corporates and MSMEs to tap the opportunity in domestic corporate travel.

MakeMyTrip sees 150% rise in super-luxury, premium hotel bookings

MakeMyTrip said it has witnessed a nearly 150% increase in bookings for super-luxury and premium hotels during the pandemic