Easy Trip loses booking war with MakeMyTrip in key holiday quarter

Easy Trip Planners, one of India’s top online travel aggregators, posted its slowest-ever quarterly revenue growth as bookings dropped during a seasonally strong holiday quarter, for which rival MakeMyTrip posted record-high bookings.

Easy Trip’s revenue rose 18% to Rs 161 crore ($19.4 million) for the third quarter ended Dec. 31. Its revenue has doubled in nearly every quarter since it went public in early 2021, before growth slowed to 42% and then to 31% in the previous two quarters.

India’s travel industry is thriving, with demand for air, road and rail travel as well as for hotels booming fuelled by rising disposable incomes. But online travel aggregators are locked in a battle to win customers, with analysts…