MakeMyTrip Rides India's Early Domestic Travel Recovery
Skift Take
MakeMyTrip hasn't had to tap into its credit facilities recently, and that's a decent sign as it takes advantage of India's tentative Covid and travel recoveries.
Seeing signs of a domestic travel recovery in India over the past two months, MakeMyTrip officials said during the company's fiscal third quarter earnings call that the company gained market share and is well-positioned for an envisioned acceleration of digital travel booking post-Covid.
In the discussion with financial analysts Thursday, executives from India's leading online travel agency said that in December flight capacity rebounded to 65 percent of pre-Covid levels, booked room nights reached 59 percent, and more than 70 percent of its domestic hotel network was operational. MakeMyTrip's redBus unit was operating at 75 percent of pre-Covid seat capacity in December, the fi
