financeSkift··1 min·For: Revenue, Owner, Marketing
MakeMyTrip Leans into Hotels as Indian Air Travel Slumps
MakeMyTrip is driving growth through accommodations and ground transport as softening domestic air travel pushes non-air bookings to over 63% of its total business. Stand-alone hotel room nights climbed 18.6% year over year, with domestic stays up more than 20%.
Key Takeaways
- 1Gross bookings reached $2.7 billion, up 21% year over year, despite Indian domestic flight departures dropping 7%.
- 2Hotels and packages now represent roughly 40% of MakeMyTrip's total gross bookings mix.
- 3Stand-alone hotel room nights grew 18.6%, driven by domestic room night expansion exceeding 20%.
Source: Skift
Keep reading
Our reporting
More in finance