With only a few foreign destinations welcoming tourists, players such as Thomas Cook, Yatra.com and MakeMyTrip are tapping demand for stays in villas, havelis and forts with local experiences
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The company's revenue stood at USD 21.1 million (over Rs 155 crore) in the quarter under consideration, compared to USD 118 million (over Rs 869 crore) in the same quarter last fiscal
MakeMyTrip announced its foray into the United Arab Emirates with its portfolio of travel offerings across Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras Al Khaimah and Umm Al Quwain.
In June, domestic flight bookings were 5-7 per cent of the pre-Covid-19 levels and now that has gone up to to 25-27 per cent, Magow said
While regular airline ticket sales have zero or minimum commission, agents can earn around five per cent on charter bookings
Says capital has become scarce and only a few businesses in areas such as health and remote learning are getting capital, but they are just 1-2% of the ecosystem
Total Adjusted Revenue falls to $137.2 million in the quarter ended March 31, 2020 from $163.3 million in the same quarter last year
As lockdown eases, ITC, Taj Hotels, Oyo, MakeMyTrip play up the safety line, bank on employee endorsements to rebuild trust in their brands
Safety procedures include ozone sanitisation inside the cab, IPA sanitisation of the cab's exteriors, temperature check of the driver-partner at the designated sanitisation hubs at the airports
it's become clear that there are certain lines of business that are deeply affected and will take much longer than the others to recover, says its CEO Rajesh Magow
With dine-in experiences coming to a halt due to the coronavirus pandemic-triggered lockdown, the company aims to bring culinary experiences from top restaurants to the doorstep of customers
However, no decision has been taken on laying off permanent employees
MMT has offered discounts for doctors, while tourism ministry has launched a special website for stranded foreign tourists
The group is reviewing operating costs and plans to undertake multiple tough measures to keep overall expenses at a minimum
The issues include not getting refunds on airline and hotel bookings, getting charged a service fee even if airlines have waived cancellation charges and so on
According to Magow, MakeMyTrip has been a transaction site but now wishes to cater for the customer even before the latter begins planning a destination
"…travellers are being cautious in making their (outbound) travel plans," said a spokesperson at MakeMyTrip
Bookings for South-East Asia have hit a snag, and travel firms are bracing for further cancellations with the virus now having spread to Europe
The order came on a complaint filed by Rubtub Solutions Pvt Ltd which operates under the brand name of Treebo Hotels in India and is in the business of providing franchising services to budget hotels.