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.
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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…
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