MakeMyTrip: Hotel Growth Offsets Decline in Air Travel; New IPO Details
Summary
MakeMyTrip says hotel growth is offsetting weaker air-travel performance in India and is outlining new details of a planned IPO. The company is reshaping its business and capital structure around broader travel demand beyond aviation.
The shift toward hotels signals that India's travel expansion is becoming less dependent on airline
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India's online travel market is broadening, and hotel demand may offer stronger growth and margins than air bookings.