Page 8 - Makemytrip

MakeMyTrip founder Kalra steps down as group CEO, Magow to take over

Deep Kalra will be succeeded by co-founder and India CEO Rajesh Magow

Domestic air passenger traffic grows by just 3.74% in 2019: DGCA

Grounding of Boeing 737Max aircraft and ongoing issues with AirbusA320Neo engines, too, has slowed down capacity growth

MakeMyTrip raises focus on homestay segment to compete in a growing market

A growing number, millennials in particular, is looking for alternatives to hotel bookings when planning a holiday

CCI to probe MakeMyTrip, Oyo for unfair business practices, deep discounts

Bengaluru/ New Delhi, 29 OctoberThe Competition Commission of India (CCI) has launched an investigation against Oyo Hotel & Homes and MakeMyTrip (MMT-Go), on charges of predatory pricing, creating a monopoly and deep discounting.A CCI order says there is enough substance to warrant a probe, on evidence that the two are charging excessive commissions from hotel partners and demanding deep discounts which have led to the destruction of competitive pricing in the marketThe complaint in this regard came from the Federation of Hotel and Restaurant Associations of India (FHRAI). And, CCI has directed its director-general, investigations, to do a detailed investigation in the matter and give a report within 150 days. "The there exists a prima facie case for investigation for alleged violation of the provisions of Section 3(4) of the Act. Further, a prima facie case for investigation under Section 4 is made out against MMT-Go, as elucidated in the earlier parts of this order. The DG is, ..

CCI orders probe against MakeMyTrip-GoIbibo, Oyo for unfair biz practices

The Competition Commission has ordered an investigation against online travel agents Make My Trip-GoIbibo and hospitality services provider Oyo for alleged unfair business practices. Following a complaint from the Federation of Hotel & Restaurant Associations of India (FHRAI), the watchdog looked into various aspects of their businesses and concluded that "prima-facie" there are violations of competition law. For the case, the Competition Commission of India (CCI) assessed the allegations on the basis of two relevant markets. In the case of Make My Trip-GoIbibo (MMT-Go), it is the 'market for online intermediation services for booking of hotels in India' and for OYO, it is the 'market for franchising services for budget hotels in India'. Make My Trip has acquired GoIbibo. The Commission said that MMT-Go prima-facie appears to be a dominant player in the relevant market. "... prima-facie OYO is not found to hold a dominant position, despite being a significant player in the market

Top biz headlines: Jio to charge for calls, Airtel raises $750 mn, and more

From Reliance Jio charging for calls to other networks to Airtel raising $750 million, here are the top 10 business headlines on Thursday

MakeMyTrip announces tie-up with TripAdvisor for outbound travel space

The hotels and associated package business gives better margins than air ticketing; hence, MMT's aim to grow the segment.

Google Pay widens digital features, products: Here're key announcements

It launched a 'Google Pay for Business', a separate app for merchants and businesses to enable digital payments through remote verification and registration, that can be done "in minutes"

Learning from start-up failure

In Sidharth Rao's How I Almost Blew It, besides the stories of the entrepreneurs, what keeps the reader engaged is the writer's observations on the start-up world

MakeMyTrip, Yatra, Cleartrip look beyond offers and discount-led pitches

Loyalty on the radar, online travel agents sharpen the hook

MakeMyTrip offers consolidated holiday packages to cash in on long weekends

MakeMyTrip has designed 400 packages covering 80-100 destinations, across different price points

Our secret sauce to success is focus: MakeMyTrip founder Rajesh Magow

In this scenario, OTAs like us are the specialised experts that provide comprehensive offering across the travel value chain and therefore have the right to succeed in the market, he said

MMT to expand its footprint, gets down to business with corporate travel

MMT has sporadically forayed into corporate travel management in the past

Naspers exits MakeMyTrip, Ctrip raises stake to 49% in share-swap deal

Naspers will own about 5.6% of Ctrip's shares, while Ctrip will raise its shareholding to 49% in MMT

From Thomas Cook to MakeMyTrip, travel firms cash in on the festive spirit

Both MakeMyTrip, a digital age veteran and Thomas Cook, a legacy travel operator say that festivals and travel on long weekends have opened up the market

MakeMyTrip ties up with Capital Float to offer zero interest loans

Customers will be able to pay back in monthly instalments of up to nine months at zero interest and with zero down payment

OYO, Makemytrip look to douse the discount fire from partner brands

Online travel and hospitality brands are caught between customers and clients as they walk the line between discounts and deals

We will be more receptive to hotel owners, says MakeMyTrip CEO Deep Kalra

How can we stop a hotel from discounting? They are the owners, says MakeMyTrip CEO Deep Kalra

MakeMyTrip and Yatra looking to optimise promotional costs to trim losses

MakeMyTrip aims to continue the journey of bringing down the promotional costs

MakeMyTrip picks up stake in travel tech solutions firm Bitla Software

Deal value undisclosed; This is firm's sixth investment in tech space; target company's cloud, mobile applications are used by bus operators, ticketing portals, hotels and tour operators