In 2024, the World Travel & Tourism Council (WTTC) projects a record-breaking year for Travel & Tourism, with the sector’s global economic contribution expected to reach an all-time high of $11.10 trillion. With the global sector surpassing its pre-pandemic prosperity, WTTC anticipates that 142 out of the 185 countries will exceed their previous national records.
Thus, it could be opportune to invest in fundamentally sound travel stocks. Let’s determine whether investors should add MakeMyTrip Limited (MMYT) to their watchlist.
MMYT, an India-based online travel company valued at $9.75 billion market cap, delivered outstanding financial and operating results for the fourth quarter of 2024. The company reported revenue of $202.89 million, beating analysts’ estimate of $198.95 million. Moreover, gross bookings rose by 23% year-over-year to $2.04 billion.
The travel service provider’s adjusted margins for Air Ticketing, Hotel and Packages, and Bus ticketing experienced a…