MakeMyTrip and Oyo Downplay India Regulatory Probe

Pictured is the Jai Mahal Lake Palace. Jaipur, India. MakeMyTrip pledges to cooperate with an regulatory probe in India about its relationship with budget hotelier Oyo. Jai Mahal Lake Palace Skift Take: MakeMyTrip definitely faces some near-term challenges, but it doesn’t consider a recently announced regulatory probe in India to be one of them. — … [Read more…]

An In-Depth Look at Hotel Chain Oyo’s Financials and Strategy: New Skift Research

Skift Take: Oyo promises a new type of hotel company. It’s an asset-light brand that seeks to connect the global long tail of mom-and-pop hotels through its tech and distribution platform. But can it live up to the hype? Skift Research dives deep into Oyo’s business strategy and financial performance. — Seth Borko Read the … [Read more…]

MakeMyTrip Grows Despite Turbulence in India’s Airline Sector

A view inside the main MakeMyTrip offices in Gurgaon, India. On Tuesday the online travel agency group reported its latest earnings. MakeMyTrip Skift Take: 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 … [Read more…]

Ebix to Acquire India’s Corporate Travel Player Yatra for $338 Million

Ebix chairman and CEO Robin Raina talks at Ebix Presents TV18 India Rising Summit 2019, a pan-India thought leadership effort sponsored by Raina’s U.S.-based software company. Ebix, an Atlanta-based tech company, is buying Indian-based travel services provider, is acquiring India’s online travel company Yatra for about $380 million. Ebix Skift Take: Corporate travel and event … [Read more…]

Booking Site Ixigo’s Rail-First Strategy Propels Growth in India

An illustration of how consumers can use the Ixigo trains app to overlay a digital image and discover which train car their ticketed seat is in. Ixigo CEO Aloke Bajpai said the startup he co-founded is now achieving rapid growth. Ixigo Skift Take: An exclusive first look at Ixigo’s fiscal year financials reveals that the … [Read more…]

Amazon Confirms Flight-Booking Launch as Part of a Superapp Strategy

Amazon Prime Air Boeing 767, photographed on August 8, 2016 from Wolfe Air Learjet 25B. Amazon launched a domestic flight service in India. Chad Slattery / Amazon Skift Take: Amazon wants to be a superapp, the mobile tool of choice to book flights, buy books, and make payments. In travel, flights are only the beginning. … [Read more…]

Amazon’s Travel Strategy Comes Into Focus

Amazon previously tried selling hotel stays via weekend getaways, but is trying anew with flights in India. Skift Skift Take: The same rules that apply to run-of-the-mill travel sellers do not necessarily apply to Amazon. While cash back on flights in India may seem loss-generating and unsustainable, for Amazon it could be a winning strategy. … [Read more…]

Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million

Ebix chairman and CEO Robin Raina talks at Ebix Presents TV18 India Rising Summit 2019, a pan-India thought leadership effort sponsored by Raina’s U.S.-based software company. Ebix has bid to acquire Yatra, an online travel company in India, as part of Ebix’s expansion into travel services. Ebix Skift Take: Ebix has made a generous takeover … [Read more…]