MakeMyTrip’s growth plans focus on alternate accommodations

MakeMyTrip’s growth plans focus on alternate accommodations

The Nasdaq-listed company also hopes to expand operations in the Kingdom of Saudi Arabia and the MENA region

Online travel agency MakeMyTrip (MMT) is leaning on newer segments, such as corporate and alternate accommodations, to drive growth. It will foray into activities and experiences to sustain the lead over its peers.

Rajesh Magow, the co-founder and group chief executive officer of MMT, stated that the contribution of the corporate segment (myBiz and Quest2Travel) rose to high single-digit to the company's revenue of $267.4 million for Q3 FY 2025, signalling a momentum of a strong growth trajectory. The alternate accommodations segment contributed 10 percent.

He added that MMT's repeat value grew from 65 percent during pre-Covid-19 years to 70 percent in FY 2025, and was expected to rise to 75 percent.

In a quarter or so, MakeMy Trip will also venture into activities and experiences and expand operations in the Kingdom of Saudi Arabia as its second base in the Middle East and North African (MENA) region.