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EaseMyTrip increases stake in Eco Hotels by 7.7%

EntrackrEntrackr · 2d ago
EaseMyTrip increases stake in Eco Hotels by 7.7%
Medial

Online travel aggregator EaseMyTrip has increased its stake in Eco Hotels and Resorts Limited by 7.77% through a rights issue. The board of Easy Trip Planners, the parent entity of EaseMyTrip, approved the investment in a meeting held on September 20, according to its stock exchange filing. The company subscribed to 10 lakh equity shares at Rs 15.20 apiece, taking the total investment size to around Rs 15.2 crore. The subscription will be paid in tranches. Eco Hotels, incorporated in 1987, operates in the hospitality sector with a focus on eco-friendly and green hotels. The Mumbai-based firm is still in its early stages of business, reporting a turnover of just Rs 13.71 lakh in FY25 as against Rs 1.39 lakh in FY24 and Rs 0.78 lakh in FY23. EaseMyTrip forayed into the hospitality space after acquiring a 13% stake in Eco Hotels in December 2023. EaseMyTrip’s operating revenue decreased by 25.5% to Rs 114 crore in Q1 FY26 from Rs 25.5 crore in Q1 FY25. The company’s profit after tax (PAT) fell 98.7% to Rs 44 lakh in Q1 FY26 as compared to Rs 34 crore in the same time period.

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Decoding the financial performance of India's top OTA players

EntrackrEntrackr · 1y ago
Decoding the financial performance of India's top OTA players
Medial

India's top online travel agency (OTA) players, including MakeMyTrip, Ixigo, EaseMyTrip, and Yatra Online, have reported significant growth and profitability in the last financial year. MakeMyTrip led the pack with a 95% increase in operating revenue, making the majority of its revenue from hotels and packages. Ixigo also saw growth and turned profitable, while EaseMyTrip achieved impressive growth and profitability mainly through air ticketing. Yatra Online also witnessed growth and profitability, generating revenue from air ticketing, hotels and packages, and advertising. However, Cleartrip experienced a decline in scale and increased losses. The market remains attractive for these players due to the expanding middle class and rising overseas travel.

From inception to evolution - here's success story of travel platform EaseMyTrip

LivemintLivemint · 1y ago
From inception to evolution - here's success story of travel platform EaseMyTrip
Medial

Online travel aggregator EaseMyTrip, the second-largest travel aggregator in India, suspended all Maldives flight bookings in support of the Indian government during the India-Maldives row in January. Founded in 2008, EaseMyTrip offers a range of travel products and services, including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and travel insurance. The company recently went public, raising over ₹510 crore through an initial public offering. Co-founder Rikant Pittie discussed the company's journey and highlighted their in-house Smart Voice Recognition Technology as a competitive advantage. EaseMyTrip aims to expand globally and diversify into non-air segments while remaining committed to sustainability. The Indian travel industry is projected to contribute significantly to the country's GDP and experience growth in religious tourism.

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