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EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions

EaseMyTrip has acquired a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare for Rs 30 crore

EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions
Updated On : 17 Sep 2024 | 4:05 PM IST

OYO platform to get 750 hotels in next 3 months to tap peak travel season

Hospitality technology firm OYO on Monday said it will add 750 hotels on its platform in the next three months in over 35 leisure markets to tap the festive and winter tourism season. Majority of the new hotels will be incorporated under OYO's premium brands such as Palette, Townhouse, Townhouse Oak, and Collection O, the company said in a statement. OYO said its key focus markets are Goa, Jaipur, Mussoorie, Rishikesh, Katra, Puri, Shimla, Nainital, Udaipur, and Mount Abu for the new hotels addition. "Our expansion in these leisure markets also aligns with our mission to provide quality accommodations and memorable experiences to travellers. The influx of new hotels will not only boost tourism, but also provide employment opportunities for local communities," OYO Chief Merchant Officer, Anuj Tejpal said. Citing a recent government report, OYO said the number of foreign tourists who arrived in India this year during January-June is 106 per cent more than the figure for the ...

OYO platform to get 750 hotels in next 3 months to tap peak travel season
Updated On : 14 Nov 2023 | 12:07 PM IST

Yatra Online's Rs 775 crore IPO subscribed 11% on first day of bidding

The Initial Public Offering (IPO) of travel company Yatra Online Ltd was subscribed 11 per cent on the first day of bidding on Friday. The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer, according to NSE data. The category for retail individual investors received 55 per cent subscription while the quota for non-institutional investors got subscribed 3 per cent. The IPO has a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 equity shares. The IPO is in the price range of Rs 135-142 per share. Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore towards investment in customer acquisition and retention, technology, and other organic growth initiatives.

Yatra Online's Rs 775 crore IPO subscribed 11% on first day of bidding
Updated On : 15 Sep 2023 | 7:33 PM IST

Sustainable, planned stay with Indian food: What Indian travellers want

Looking back at the last year, people from Vietnam (95 per cent) and India (89 per cent) embarked on the most journeys

Sustainable, planned stay with Indian food: What Indian travellers want
Updated On : 17 Aug 2023 | 10:53 PM IST

Festive demands up airfares by 20-30% on key routes across country

The hike in airfare prices is a result of the increased cost of aviation turbine fuel, according to ixigo's data

Festive demands up airfares by 20-30% on key routes across country
Updated On : 03 Oct 2022 | 9:08 AM IST

Cool summer spots and travel deals for last-minute holiday planners

One thing about booking at the eleventh hour is the thrill of not knowing where you're going till the very last minute; also, you can get a good deal both at the hotel and the airline

Cool summer spots and travel deals for last-minute holiday planners
Updated On : 03 Jun 2022 | 7:00 PM IST

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

Early recovery for travel portals, little impact of likely third wave seen
Updated On : 25 Aug 2021 | 6:37 PM IST

Yatra.com aims to become digital services platform: CEO Dhruv Shringi

The company is taking certain steps especially on the corporate side of business

Yatra.com aims to become digital services platform: CEO Dhruv Shringi
Updated On : 28 Jul 2020 | 4:59 PM IST

40% tourism firms staring at complete shutdown risk in next 6 mnths: Report

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

40% tourism firms staring at complete shutdown risk in next 6 mnths: Report
Updated On : 26 May 2020 | 4:42 AM IST

Over 270 hotels withdraw week-long boycott against MakeMyTrip, Goibibo

Since December 1, around 270 hotels in the city had stopped entertaining customers

Over 270 hotels withdraw week-long boycott against MakeMyTrip, Goibibo
Updated On : 07 Dec 2018 | 11:08 PM IST

e-Travel portals MakeMyTrip, Yatra, Cleartrip offer freebies for customers

Budget hospitality chain OYO said it is also offering up to 50% off on booking on certain days

e-Travel portals MakeMyTrip, Yatra, Cleartrip offer freebies for customers
Updated On : 16 Oct 2017 | 12:54 AM IST