Published on : Monday, July 12, 2021
Online travel company EaseMyTrip is considering 100 per cent growth this year on the back of demand recovery for tourism.
Due to an increase in domestic travel, advance bookings have doubled this year compared to last year. In reality, bookings are up three times in the past few days compared to mid-May.
“We anticipate a huge pent-up demand for the travel and tourism sector post the vaccination drive across India, giving us strong revenue visibility for years to come. All in all, we are hopeful of more than 100 per cent growth vis-a-vis last year,” said Nishant Pitti, CEO and co-founder EaseMyTrip.
Pitti said that the increased swiftness of vaccination in India and the government’s decision to provide free visas to first five lakh tourists will boost the country’s inbound tourism along with the economic activities and sectors that are dependent on it.
EaseMyTrip has reported a revenue of Rs. 106.69 crore and a profit after tax of Rs. 61 crore in the financial year 2020-21.