Online Travel Companies

ixigo IPO: Shares to list tomorrow, June 18, on NSE, BSE; what's GMP today?

ixigo IPO listing: Given the strong demand indicated by the oversubscription, the grey market premium (GMP) for ixigo shares as of June 17, 2024, stands at Rs 29

MakeMyTrip expands global reach, now available in over 150 countries

India's online travel firm has expanded its reach to major travel markets like the UK, Germany, Japan, Italy, France, and others

Online travel firm Expedia to eliminate 1,500 jobs as its growth moderates

The company and its online travel peers such as Airbnb Inc. and Booking Holdings are contending with moderating travel growth

MakeMyTrip logs highest-ever quarterly gross bookings at $2.08 billion

The online travel services platform delivered its highest-ever quarterly gross bookings during Q3 FY24

Lakshadweep's 'one-stop' tourism guide website launched by Thrillophilia

Lakshadweep tourism: Rajasthan-based travel platform Thrillophilia has announced a dedicated online platform for Lakshadweep for all travel-related information

E-booking co EaseMyTrip ventures into insurance sector with new subsidiary

Online travel booking platform EaseMyTrip.com on Wednesday announced venturing into the insurance sector with the launch of its subsidiary EaseMyTrip Insurance Broker Pvt Ltd. The company termed it a "strategic move" to diversify its service portfolio and tap into the insurance market by creating a specialised product to solve customer needs. "The new venture is expected to solidify EaseMyTrip's position in the industry and cater to a Rs 7.9 trillion market with EaseMyTrip's own 20 million userbase," the company said in a regulatory filing. The company's insurance foray comes days after it made headlines for suspending flight bookings to the Maldives in the wake of diplomatic tensions between India and the island nation.

Travel platform Yatra Online reports Q1 net profit of Rs 5.99 crore

Platform sees strongest quarter on the air front since Covid

Easy hacks: 47% Indians willing to alter travel plans for bargain deals

Over half of Indians (55%) are planning purpose-related travel in India to engage in activities such as scuba diving, golf, yoga, or wellness retreats.

EaseMyTrip to establish offline retail stores through franchise model

Products and services that will be offered under the EaseMyTrip Franchise will include flight booking, group fares, hotels, holidays, IRCTC (rail booking), cabs, buses, cruises, charters, and visas

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

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

Cleartrip 2.0: The second coming of the 16-year-old travel company

Cleatrip, which was acquired by Flipkart in a distress sale last year now becoming one of the fastest-growing online travel platforms

In peak tourist season, the queue for visas is getting impossibly long

Due to visa processing delays the representatives of travel agents plan to write to foreign embassies to highlight the problem

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.

Cleartrip to raise employee headcount by 40% in coming quarter

The additional hiring will be across tech, product, growth and emerging business areas, it added

EaseMyTrip net profit zooms over four-fold to Rs 27 crore in Sept quarter

The online travel firm on Tuesday reported an over four-fold jump in consolidated net profit

Early recovery for travel portals, little impact of likely third wave seen

Higher pace of vaccination, lifting of lockdown curbs is aiding recovery; but it is clipped as only 72.5% of airlines are allowed to fly as per present rules

Air traveller numbers treble from May low as states get into unlock mode

But the grim reality is that the average daily passengers for June from the second week is still around 40 per cent of the levels reached in March when it rose to 313,000 passengers a day

Holiday first, pay later: Offer suited only to travellers with deep pockets

No amount blocked on advance booking but such borrowing is reckless

From Marriott to MakeMyTrip, hotels and travel firms look for summer relief

Most hotels expect a marked improvement in the June quarter numbers compared to the December quarter