MakeMyTrip, an online go back and forth company, announced a sourcing tie-up with go back and forth website TripAdvisor, offering its customers tours and activities in over 100 places in another country.
“Our data shows consistent increase in the number of outbound Indian travellers who are willing to spend more on new and differentiated native experiences. With the roll-out of international experiences with TripAdvisor on our platform, we are self-assured that we will now empower Indian travellers with more choices when they go back and forth in another country,” said Deepak Tuli, chief commerce officer (new commerce), MakeMyTrip.
MakeMyTrip’s Deepak Tuli said data shows a hike in number of travellers willing to spend more
The hotels and associated package commerce gives better margins than air ticketing; hence, MMT’s aim to grow the segment. While the air ticketing segment had an adjusted revenue margin of around seven per cent in 2018-19, the hotel and package commerce segment’s used to be 23 per cent.
The firm made a net loss of $168 million (almost Rs 1,200 crore) in FY19, a 23 per cent decline from the year before.
International hotels and packages is among the fastest growing segments, an MMT spokesperson said. The firm used to be making an investment here in technology, products, provide and brands to reach growth. “In the final quarter, we contracted with over 8,000 properties. Further, room nights growth from this segment has been quite robust and we foresee a similar growth sample in the coming month,” the spokesperson added.