Published on : Monday, August 28, 2017
MakeMyTrip, India’s first online travel portal, is looking to enlist more hotels and homestays to drive revenue growth.
This online travel company expects the hotels to contribute as much as three-quarters of its overall business over the next three years.
MakeMyTrip founder, chairman and group CEO Deep Kalra said that the hotel is currently 57% of the business. By 2020, 75 per cent of the total business will come from hotels.
CEO Deep Kalra noted that while air business used to be MakeMyTrip’s mainstay, the company has consciously made the shift to hotels because the latter offers higher margin.
The air business of MakeMyTrip has dropped down to 35 per cent, while up to 10 per cent is holiday packages and cars.
CEO Deep Kalra added that airlines ticketing is important for the company’s economy. It is because the customer has their attainment which happens through air and though the margins would get tighter and tighter in future, at the current volume, air is profitable.
MakeMyTrip was founded by Deep Kalra in the year 2002. It provides the customers access to all the major airlines, operating in national and international basis. The airlines are operating to and from India with attractive discounts.