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EaseMyTrip resumes bookings to Maldives
Economic Times
·
10m ago
Medial
- EaseMyTrip has resumed flight bookings to Maldives after improved bilateral ties between India and Maldives. - The company had suspended bookings to Maldives earlier due to a diplomatic row and derogatory comments made about Prime Minister Modi. - Some bookings reportedly occurred between May 16-26, but they were promptly removed by EaseMyTrip. - The decision to resume bookings comes after constructive dialogue with the Ministry of Tourism of Maldives delegation during their recent visit to India. - EaseMyTrip CEO Nishant Pitti stated that the decision aligns with the company's support for the Indian government and their vision.
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After boycotting Maldives, EaseMyTrip quietly restarts flight bookings
Livemint
·
1y ago
Medial
EaseMyTrip, an online travel aggregator, has resumed online flight and hotel bookings for Maldives. The company had temporarily suspended bookings as a show of support for the Indian government during the India-Maldives political dispute. The decision to resume bookings has caused outrage on social media, with users criticizing the company's backtrack on the boycott. EaseMyTrip co-founder Nishant Pitti clarified that the boycott has not been removed and any changes will be announced in the future. The company recently reported a loss in the March quarter and announced its withdrawal from the GoAir bid.
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Took immediate action: EaseMyTrip on Congress' 'Maldives bookings' remark
Inshorts
·
1y ago
Medial
After Congress claimed EaseMyTrip "quietly" resumed bookings to Maldives, the firm's CEO Nishant Pitti said some bookings occurred but they took immediate action and got them removed. Asserting that EaseMyTrip's "nationalistic approach will never change", he added, "Why focus only on us? Are you not aware...other Chinese-owned travel portals...never stopped promoting Maldives in...first place?"
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EaseMyTrip stands firm on halting bookings to Maldives
Livemint
·
1y ago
Medial
EaseMyTrip remains firm on their decision to halt bookings to the Maldives, despite accusations from the Kerala Congress that they secretly resumed booking to the island nation. CEO Nishant Pitti clarified that while some bookings did occur between May 16th and 26th, immediate action was taken to remove them. He also questioned why the focus was only on EaseMyTrip when other Chinese-owned travel portals continued promoting the Maldives. Pitti emphasized their nationalistic approach and stated that they are committed to serving for the long haul. Additionally, EaseMyTrip recently reported its highest-ever earnings for the fiscal year 2024.
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InsuranceDekho joins BoycottMaldives trend, stops travel insurance to Maldives
Livemint
·
1y ago
Medial
InsuranceDekho, an online insurance platform, has decided to halt the issuance of travel insurance to the Maldives due to the ongoing diplomatic rift between India and the Maldives. This move follows derogatory remarks against Prime Minister Narendra Modi made by Mariyam Shiuna, the Maldives Deputy Minister of Youth Empowerment. InsuranceDekho encourages travelers to explore the beauty of Indian islands such as Lakshadweep instead. Several other platforms, including EaseMyTrip, have also suspended Maldives flight bookings and initiated campaigns promoting Lakshadweep.
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From inception to evolution - here's success story of travel platform EaseMyTrip
Livemint
·
1y ago
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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India-Maldives row: EaseMyTrip suspends flight bookings, Indians cancel planned trips
Economic Times
·
1y ago
Medial
Online travel platform EaseMyTrip has temporarily suspended all flight reservations for the Maldives in solidarity with the campaign to boycott the country. The move comes after derogatory remarks were made by Maldivian ministers against Indian Prime Minister Narendra Modi and India. The company has also launched a 'Visit Lakshadweep' campaign, promoting domestic tourism and encouraging travelers to explore the beaches of India.
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EaseMy Trip warns of national security risks from Chinese-owned travel apps
Economic Times
·
2m ago
Medial
Nishant Pitti, founder of EaseMyTrip, warned about national security risks from Chinese-owned travel apps, suggesting they may access Indian passport data. He emphasized the importance of using platforms aligned with India's interests. Rikant Pitti, EaseMyTrip's CEO, supported the stance, underscoring the company's history of prioritizing national sentiment, such as boycotting the Maldives and advising against traveling to countries supporting Pakistan. He urged collective responsibility in prioritizing India in travel decisions.
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EaseMyTrip buys 4.94% stake in B2B travel platform
VCCircle
·
1y ago
Medial
Online travel aggregator EaseMyTrip has acquired a 4.94% stake in B2B travel tech platform E-Trav Tech Ltd for INR 33 crore ($4 million). The investment aims to strengthen EaseMyTrip's B2B segment offerings and cater to the needs of corporate clients. E-Trav offers APIs for flight, hotel, bus, and holiday package bookings. The company has been profitable and debt-free, with revenues increasing from INR 6.5 crore in FY21 to INR 35 crore in FY23. EaseMyTrip plans to expand its services in non-air segments and deliver enhanced services to corporate clients.
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Ixigo IPO: A look at the online travel aggregator’s listed rivals
Economic Times
·
1y ago
Medial
Ixigo, the online travel company, made its stock market debut with a 45% premium over its issue price. The IPO of Le Travenues Technology, which operates Ixigo, was oversubscribed 98 times, showcasing strong demand. Other players in the travel sector, like Makemytrip, Yatra, and Easemytrip, have also seen varying performances. Makemytrip recorded record profit and gross bookings, Yatra reported a loss, and Easemytrip posted an increase in revenue and profit. The online travel aggregator industry faced challenges during the Covid-19 pandemic but quickly recovered as the demand for travel increased.
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EaseMyTrip’s Nishant Pitti withdraws from GoAir bid
YourStory
·
1y ago
Medial
Nishant Pitti, founder and CEO of EaseMyTrip, has decided to withdraw his personal bid for GoAir. This decision allows him to focus on other strategic priorities aligned with EaseMyTrip's long-term growth objectives. Pitti and SpiceJet chairman Ajay Singh had jointly bid a sum of Rs. 500-600 crore for GoAir in March. However, the committee of creditors requested a reconsideration of the bid, which led to a revised joint bid of Rs. 1,650-1,700 crore. EaseMyTrip is an online travel platform offering a range of services such as hotel bookings, air tickets, and holiday packages.
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