Articles tagged “makemytrip”

India's foreign exchange earnings are up. Travel spending per tourist is up. But international tourists in India are still lagging behind pre-Covid figures by 10%.

The Coldplay concerts have fans from all over India scrambling to get tickets - reselling is rampant and at exorbitant prices. And now, booking hotels is getting more expensive for the fans, as well.

As hospitality, technology, and sustainability start to blend, Elivaas is showing how luxury travel could be redefined. But a lot rides on how the brand handles the challenges, especially in India.

Looser visa restrictions are greasing the wheels of global tourism, but the real question is whether these policies can sustain long-term growth or just offer a fleeting boost to countries eager for quick wins.

The Indian hotel industry is expected to grow over the next three years for several reasons: limited room supply, growing demand, better infrastructure. The demand-supply gap is a positive aspect, but could also cause issues if not carefully dealt with.

Buses are key to last mile travel in India, connecting people from smaller Indian towns to international and domestic destinations. The funding reflects a positive outlook of investors towards the bus industry as more online players enter the segment.

With each long weekend, Indians are finding new destinations for travel. Scenic beauty and easy visa norms, however, continue to be a factor in how they make their booking decisions.

The Indian Union Budget last week was a disappointment, but there was a bright spot with IndiGo, MakeMyTrip, and IHCL all reporting profitable quarters in their earnings calls.

Once again, the Indian Union Budget left the tourism industry high and dry, ignoring all their key demands. With their hopes for infrastructure status and tax rates dashed, the industry had to content itself with the crumbs of small mercies.

MakeMyTrip has the burgeoning middle class and their growing wallets to thank for its recent performance.