MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services

Amazon Pay, the digital payments arm of the e-commerce giant and MakeMyTrip India, a fully owned subsidiary of MakeMyTrip Limited (MMYT), India’s leading travel group, have announced a strategic long-term partnership to offer travel services on Amazon.in which includes its suite of mobile apps and websites. The partnership will help Amazon Pay create a convenient … Read more

Adani Enterprises acquires stake in Flipkart Owned Cleartrip

After data centres and fulfilment centres (for ecommerce), Adani Enterprises (Adani) has further deepened it’s relationship with Flipkart by acquiring a significant minority stake in the latter owned Cleartrip – the air ticket booking platform. Adani is the country’s largest airport operator and the subject acquisition is targeted towards complementing the same and to also … Read more

Ministry of Railways announces 50:50 convenience fee share from IRCTC

In an after market surprise announcement, Indian Railway Catering & Tourism Corporation (IRCTC) announced that Ministry of Railways has conveyed it’s decision to the Company that it will have to share 50% of the convenience fee with the Ministry w.e.f. November 1, 2021. IRCTC collected convenience fee of Rs 299 crore in FY21. However, this … Read more

73% millennials looking to travel abroad when borders open

With covid-19 vaccination drive in full steam across the world, nearly 73% of millennial Indians would like to travel to international destinations with fewer covid cases, a travel sentiment tracker said. About 67% would want to go to destinations with easy covid policies and protocols, according to Business Of Travel Trade (BOTT), a media platform … Read more

Airbnb’s CEO says the company will need millions more hosts to deal with a post-pandemic travel boom ‘unlike anything we’ve ever seen’

Airbnb’s CEO on Friday said it needed millions more hosts for the post-pandemic travel boom. Airbnb sees a “rebound coming that’s unlike anything we’ve ever seen,” CEO Brian Chesky told CNBC. It has 4 million hosts with about 5.6 million listings, numbers mostly unchanged by the pandemic. See more stories on Insider’s business page. Airbnb … Read more