Articles tagged “makemytrip”

Finally, Airbnb IPO Will Signal a New Era of Accounting and Accountability

Finally, Airbnb IPO Will Signal a New Era of Accounting and Accountability

Dennis Schaal, Skift

As a public company, Airbnb would be a dream for reporters, analysts, and investors because of the required disclosures about financials and strategy. It could also prompt competitors to up their game, and perhaps be more forthcoming about the numbers behind their own short-term rental businesses.

4 weeks ago

MakeMyTrip Bets on the Pandemic Speeding Up India’s Shift to Online Travel

MakeMyTrip Bets on the Pandemic Speeding Up India’s Shift to Online Travel

Sean O'Neill, Skift

Executives are fine-tuning their strategy by pushing more into business travel management, tours-and-activities sales, and international bus booking.

1 month ago

India’s MakeMyTrip Pushes Out Expectations for Profits Even Further Because of Pandemic

India’s MakeMyTrip Pushes Out Expectations for Profits Even Further Because of Pandemic

Sean O'Neill, Skift

One wonders whether some travel companies like MakeMyTrip Group must rethink parts of their business during the pandemic. They may continue to struggle to pay out millions in refunds to customers due to a staccato pace of travel restrictions.

3 months ago

India’s MakeMyTrip Rewards Exec for Loyalty Work With Group CEO Promotion

India’s MakeMyTrip Rewards Exec for Loyalty Work With Group CEO Promotion

Sean O'Neill, Skift

Longtime leader and co-founder Deep Kalra will remain critical at the company in a newly created role of executive chairman. The change in job titles is a reward for co-founder Rajesh Magow's years of work leading the India business. Both executives have pushed hard on a subscription model, one of Skift's Megatrends for 2020.

7 months ago

Greenwashing Goes On in Asia’s Massive Hotel Development

Greenwashing Goes On in Asia’s Massive Hotel Development

Raini Hamdi, Skift

Asia leads the global hotel pipeline and many more luxury hotels and wellness resorts will be opening in its fragile environments. Low-impact advocates are trying to lead by example, but they're too small and too few to effect a sea change.

11 months ago

MakeMyTrip and Oyo Downplay India Regulatory Probe

MakeMyTrip and Oyo Downplay India Regulatory Probe

Dennis Schaal, Skift

MakeMyTrip definitely faces some near-term challenges, but it doesn't consider a recently announced regulatory probe in India to be one of them.

11 months ago

Testy Times for Hotel Chains and Owners

Testy Times for Hotel Chains and Owners

Raini Hamdi, Skift

The love-hate relationship between chains and owners is boiling over in Asia-Pacific where the trade war and Hong Kong protests are impacting owners in many destinations. Chains can be less hated by showing more meaningful support to struggling owners rather than just paying lip service.

11 months ago

Ctrip’s Bigger Hand in MakeMyTrip May Speed It Toward Break-Even

Ctrip’s Bigger Hand in MakeMyTrip May Speed It Toward Break-Even

Raini Hamdi, Skift

India’s largest online travel agency may beat analysts’ expectations and break even sooner rather than later. Ctrip, which now owns nearly half of the company, could be a factor. Another is boosting hotel content, which offers higher margins than air.

11 months ago

Lessons From a Destination’s Crisis Recovery in Asia

Lessons From a Destination’s Crisis Recovery in Asia

Raini Hamdi, Skift

It's understandable that Sri Lanka wants arrivals to return to pre-Easter bombing levels soonest. The challenge is knowing what measures are needed, amid the sense of urgency that can cloud the mind.

1 year ago

MakeMyTrip Grows Despite Turbulence in India’s Airline Sector

MakeMyTrip Grows Despite Turbulence in India’s Airline Sector

Sean O'Neill, Skift

The past year has been a horror show for India's aviation sector. So MakeMyTrip deserves kudos for continuing to grow its air ticketing and overall sales despite the upheaval. But executives deserve criticism for the company's relentless unprofitability.

1 year ago

MakeMyTrip Aims to Weather Indian Air Market Turmoil Through Diversification

MakeMyTrip Aims to Weather Indian Air Market Turmoil Through Diversification

Sean O'Neill, Skift

MakeMyTrip Group has impressively diversified enough that it forecasts only a minor hit to revenue during the coming year due to the collapse of Jet Airways, a major carrier in India. No wonder Ctrip decided last month to become the company's largest shareholder.

1 year ago

MakeMyTrip Steams Ahead Despite Growing Hotel Commission Protests

MakeMyTrip Steams Ahead Despite Growing Hotel Commission Protests

Sean O'Neill, Skift

MakeMyTrip continues to drive more online hotel bookings in India, despite protests by some hotel owner groups about its allegedly excessive commissions. The company must tread carefully as it tries to woo online customers with discounts while maintaining good relationships with its partners.

2 years ago