Online Travel Agency (OTA) MakeMyTrip’s (MMT) financial results have a few interesting patterns that indicate the progress of the segment & preferences of online travelers. MakeMyTrip generated gross revenue of US$ 228.8 Million in the year ended March 31, 2013, an increase of 16.4% (29.7% if currency fluctuation is not factored) over the previous year. However, the company reported 1.4% decline...

Makemytrip.com is well on its way to consolidating its position in the online travel market. One way that it is achieving this is by expansions/acquisitions and the other way is by adding partner vendors to it already sizeable service offerings. Only recently I briefed you on the various acquisitions made and funding raised by Makemytrip. Now, the travel company has added the inventory of TaxiForSure.com...

Over the last couple of months MakeMyTrip has been on an expansion and growth blitz. In August 2012, it committed to using its $88 million cash reserves for acquisitions. And in November 2012, it did just that as it acquired HotelTravel.com for $25 million with the view to get complete South East Asia coverage. Now, the aggressive online travel player has gone ahead and forged a strategic partnership...

TravelMasti is holiday booking package service which works both in the online and offline space. The company has been doing offline operations in Dehradun, Rajkot, Surat and Jamnagar as part of its TravelMasti Lounge Network. The company was founded in 2006 and had raised capital from Bennett Coleman Company Limited (BCCL) the following year. The company has now been acquired by travel aggregator...

iXiGO, the online trip advisor, has announced the launch of their customized app for Windows 8 users. The app is free, and is aimed at fostering the rising and transgressing advent of Windows 8 into becoming a prominent OS in Indian market. Windows 8 has been the much talked about OS, ever since it launched its beta version for user feedback and testing the bugs that mar the fresh take. The news has...

Olacabs, a 2 year old startup which provides car rentals and point-to-point cab services, has announced a tie-up with MakeMyTrip, one of India’s biggest online travel booking solutions. The tie-up will provide MakeMyTrip customers with options to book Olacabs on a point-to-point destination basis in Mumbai, Bangalore and the Delhi-NCR region. This setup will result in considerable savings for users...

Online Travel Agency (OTA) MakeMyTrip (MMT) has bought Hotel Travel Group (HT Group) in a multi-part deal totaling US$ 25 Million. The HT group owns & operates HotelTravel.com. The website is predominantly active in the South East Asian regions. Supposedly stepping up its inorganic expansion strategy MakeMyTrip has acquired the web-portal & associated properties by paying US$ 15 Million...

MakeMyTrip is a giant in the Indian Travel sector. This is evident from the fact that one in every twelve tickets booked in the domestic air sector is done via the company. Adding to this achievement is the fact that its revenue has increased by a whopping 66% in the past year to reach the $197 million figure. In lieu of its recent growth, the company has announced a string of expansion and growth...

The online Travel Business has been booming since the past few years. With Air Travel and even Rail Bookings available online, the general public has taken really well to them. The convenience of any time booking and attractive discounts offered, services like MakeMyTrip, Yatra,  ClearTrip and Expedia garnered up quite an audience for air travel, while IRCTC grew popular for Rail Bookings. Out of...

Online Travel Agent (OTA) Yatra.com is contemplating a Public Listing of its shares on an American Stock Exchange. Yatra.com has been growing steadily over the years. With Indians looking online for better & cheaper travel deals, such companies have been making brisk business. In fact, companies like these are also advertising on mainstream television to garner business. Yatra had recently acquired the...