Articles tagged “makemytrip”

Asia leads the global hotel pipeline and many more luxury hotels and wellness resorts will be opening in its fragile environments. Low-impact advocates are trying to lead by example, but they're too small and too few to effect a sea change.

MakeMyTrip definitely faces some near-term challenges, but it doesn't consider a recently announced regulatory probe in India to be one of them.

The love-hate relationship between chains and owners is boiling over in Asia-Pacific where the trade war and Hong Kong protests are impacting owners in many destinations. Chains can be less hated by showing more meaningful support to struggling owners rather than just paying lip service.

India’s largest online travel agency may beat analysts’ expectations and break even sooner rather than later. Ctrip, which now owns nearly half of the company, could be a factor. Another is boosting hotel content, which offers higher margins than air.

It's understandable that Sri Lanka wants arrivals to return to pre-Easter bombing levels soonest. The challenge is knowing what measures are needed, amid the sense of urgency that can cloud the mind.

The past year has been a horror show for India's aviation sector. So MakeMyTrip deserves kudos for continuing to grow its air ticketing and overall sales despite the upheaval. But executives deserve criticism for the company's relentless unprofitability.

MakeMyTrip Group has impressively diversified enough that it forecasts only a minor hit to revenue during the coming year due to the collapse of Jet Airways, a major carrier in India. No wonder Ctrip decided last month to become the company's largest shareholder.

MakeMyTrip continues to drive more online hotel bookings in India, despite protests by some hotel owner groups about its allegedly excessive commissions. The company must tread carefully as it tries to woo online customers with discounts while maintaining good relationships with its partners.

Surprising factors have delayed the coronation of MakeMyTrip Group as India's queen of domestic online travel. Paytm came out of nowhere to grab share, Oyo upended budget hotel distribution, Ixigo tried to make price comparison chic, and Booking.com outmaneuvered Expedia for premium hotel bookings. From this scrappy mix, online travel will find new lessons.

MakeMyTrip's management deserves credit for ending a period of decelerating growth and for reducing operating losses over several quarters. But many investors are impatient for an era of profits.