Articles tagged “india”

The India outbound travel market is poised to boom in a matter of years. The global travel industry needs to make itself aware of this market and why it matters now, so they’re not scrambling to catch up later.

Investors are understandably focused on MakeMyTrip's ongoing operating losses. But in good news, the company is narrowing the size of those losses while maintaining its growth rates.

India has many homegrown online travel players, but only a couple will thrive. MakeMyTrip will be one of the survivors, but it may take until 2022 for it to achieve profitability. Expect it to make more acquisitions and investments to consolidate market share.

The online travel market in India is ripe with opportunity. But competition is brutal. In response, MakeMyTrip has recently debuted loyalty programs and technological upgrades to entice well-heeled customers to choose it over the discounters.

The 23-year-old CEO of loss-generating hotel aggregator Oyo Rooms has a business vision that has attracted total funding of $446 million to date. What could go wrong? Well...

In India, market leader MakeMyTrip is betting on a multi-pronged strategy to defend itself against the intrusion of Booking.com on its turf. Execution matters. But so does the patience of MakeMyTrip's key backer, Ctrip.

India is ready for a jump in luxury travel, but it will need to catch up in terms of the accommodations and services that it can offer while also being conscious that local residents, not just multinationals, benefit from this growth.

Business travel spending has increased tremendously in India and Brazil since 2000 — but most of that money is spent domestically. As those and other markets continue to change — and global politics shift — will the future bring more or fewer international business trips?

Consumers’ payment habits are constantly evolving, and travel providers must change their payment offering or risk falling behind. Download Worldpay’s free report to help better understand where online payments are headed.

U.S. officials are hoping that Asian tourism will continue to be a boon to the domestic travel industry, and driving tourism from India is the next step. A thriving Indian middle-class will only help accelerate outbound tourism growth.