Sector: Travel
Audit regulator asks Mahindra Holidays to review policies. Investors should not ignore.
National Financial Reporting Authority (NFRA) has directed Mahindra Holidays to “thoroughly and proactively” review its accounting policies and practices in respect of segment reporting. What’s the background and what exactly is this all about? NFRA order is passed in the wake of Delhi High Court’s order of January 18, 2023 following a writ filed by … Read more
Key business plans of Mahindra Holidays
Mahindra Holidays and Resorts has shared the following – The company had 2.8 lakh members as of December 2022. It will add 2,100 more rooms in the next five to six years with an investment of around Rs 1,800 cr At present, the company has 4,900 keys inventory across 119 properties; 60 per cent of … Read more
Planning travel itinerary killing your holiday vibe? Trust ChatGPT to get it right
Hey ChatGPT, can you plan one week Thailand Trip? Of course, I’d be happy to help you plan a one-week trip to Thailand! To get started, I would need some information from you such as your budget, interests, and travel dates. Based on your responses, I can provide recommendations for places to visit, things to … Read more
Airbnb permanently bans parties at its rental locations
Airbnb is making permanent its ban on parties at homes listed on the site for short-term rentals. The San Francisco company believes the ban has worked, saying Tuesday that reports of parties at listed properties have dropped 44% from a year ago. More than 6,600 guests were suspended last year for related violations, Airbnb said. … Read more
Airbnb allows employees to live and work from anywhere
Airbnb will allow its employees to live and work almost anywhere around the world, fully embracing a remote work policy to attract staff and ensure flexibility. The San Francisco short-term-stay company said late Thursday that under the new policy, employees can work from the office, home or during their travels to 190 countries. Staff will … Read more
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