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Business Travel

India's MakeMyTrip Sees Strong Recovery in Domestic Business Travel

Dennis Schaal photo
Dennis Schaal

Skift Take

Business travel is showing significant signs of life in India. That could bode well for corporations and road warriors in other geographies, too.

MakeMyTrip executives took solace that the company weathered India's second wave of Covid much better financially than during the first wave a year earlier, and sounded optimistic about a strong recovery in domestic business travel, and market share gains in the premium hotel segment. Speaking Tuesday about corporate travel trends in the first quarter and July, MakeMyTrip's Rajesh Magow, co-founder and Group CEO, told analysts "we have seen sectors like pharma, healthcare, real estate and biotech companies recovering to almost 100 percent of their pre-Covid industry travel levels and other sectors like utilities and defense companies following close behind." To be sure, MakeMyTrip only started focusing and investing in the corporate sector a couple of nearly three years ago, and its financials aren't materially imp

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