Comparing the current results to its competitors, Makemytrip Ltd reported Revenue increase in the 4 quarter 2024 by 31.95 % year on year. The sales growth was above Makemytrip Ltd's competitors' average revenue growth of 14.93 %, achieved in the same quarter.
Makemytrip Ltd's Comment on Competition and Industry Peers
The company operates in a highly competitive travel industry in India and globally. It faces competition from other online travel companies, travel suppliers' direct channels, meta-search platforms, and AI-enabled travel services. The Indian online travel aggregator market includes both established and emerging providers offering travel products and services through various business models. Additional competition may arise from payment platforms, online marketplaces, search engines, and intermediaries that provide travel services. Large internet search engines and meta-search companies that aggregate travel search results also compete for customers. Consumers may choose travel services from meta-search platforms, search companies, or AI chatbots instead of online travel companies such as this company. Competitors identified in company filings include Agoda, Airbnb, Booking.com, Cleartrip, EaseMyTrip, Expedia, ixigo, and Yatra.
Booking Holdings Inc operates as an online travel agency, connecting travelers with various accommodations, flights, rental cars, and other travel services. The company earns commission based revenue by charging partners a fee for each booking made through its platform, offering a wide range of options to individuals and businesses for their travel requirements. Their business model revolves around providing a convenient and easy-to-use platform that facilitates the booking process to meet the diverse needs of travelers worldwide.
Expedia Group Inc operates an online platform that allows users to book hotels, flights, car rentals, and other travel-related services, connecting travelers with hotels, airlines, and travel agents worldwide.
Trip.com Group Limited's business model revolves around operating an online travel platform that connects users with a wide range of travel services. The company provides a comprehensive suite of services, including hotel reservations, flight bookings, train ticketing, vacation packages, car rentals, and other related travel services. Through their platform, Trip.com Group aims to enhance user experiences by offering competitive prices, convenient booking options, reliable customer support, and a seamless travel planning experience.
Sources:
Makemytrip Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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