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MakeMyTrip continues solid revenue rebound

MakeMyTrip saw its revenues more than triple between the third quarter of 2020 to the corresponding period this year.

Figures released in the India-based online travel agency’s latest earnings report saw the company increase revenues from $21 million in Q3 last year to $67.5 million year-over-year.

The company says its financial performance “leads and is instrumental” in the country’s travel industry recovery strategy, coinciding with a significant decline in COVID-19 infections and the roll-out of a vaccine program.

Metrics for the business are up across multiple product lines in the second quarter of 2021, including gross bookings, which jumped from $213 million to $734 million year-over-year.

Revenues from air tickets doubled between the two quarters, rising from $10.9 million to $21.3 million.

Hotels and packaged products (air + accommodation) saw a significant jump between the two reporting periods in 2020 to 2021, increasing from $4.4 million…

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