MakeMyTrip announces growth in last fiscal year

December 1, 2019
Share this Post: 

MakeMyTrip announces 28.1 percent growth compared to last year and gross bookings reaching $5.4 billion in the 2019 fiscal year.

A mobile-centric approach and the emergence of new digital platforms fueling greater adoption of e-commerce has driven reach and growth of MakeMyTrip, the online travel company said in a presentation to investors.

With 28.1 percent growth, the platform''s gross bookings reached $5.4 billion in the 2019 financial year compared to the previous year.

In the first half of fiscal year 2020, gross bookings reached $3.2 billion, a growth of 22.3 percent year-over-year.

Its adjusted revenue grew 17.3 percent year-over-year to reach $379.6 million during the first half of this fiscal.

The platform experienced 13.5 percent growth in air ticketing segment, 13 percent growth in standalone online hotel bookings and 37.4 percent year-over-year growth in bus tickets sold.

Increasing use of Artificial Intelligence, Machine Learning and Big Data is driving better user experience, MakeMyTrip claimed.

Low penetration of hotels booked online presents large opportunities of growth in India, according to the presentation.

Read more here

Join us February 26-27 for the Property Portal Watch Conference Bangkok 2020.

December 1, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Propertyfinder New Hires
Property Finder Hires Two New Executives to Support Growth

The Dubai based portal group Property Finder has announced the hiring of two new hires to its executive team. Scott...

Read More
Lifull Financial Results
Profits Slide at Lifull in Q2 as Japanese Market Recovery Remains Slow

The Japanese real estate marketplace operator Lifull has announced the results of its operations for the six months ending March...

Read More
Shutterstock 116651044 1
The Online Marketplaces Complete Visual Guide to Real Estate Portals

At Online Marketplaces, we think that real estate portals are really interesting businesses. Here are a few reasons why... They're...

Read More
La Haus Nice House
La Haus Offers New Full Service Buy-Renovate-Rent Service in Mexico

The Latin American PropTech La Haus has announced a new product which will allow users to buy, renovate and rent...

Read More

Popular News