NEW-AGE DRIVERS

 

CCI approves Ctrip’s 42.5 per cent stake in MMT; deal pegged at USD 2.57 billion

Ctrip’s bid to acquire a 42.5 per cent stake in online aggregator MakeMyTrip has been approved by Competition Commission of India (CCI). The apex body recently took to Twitter, announcing the closure of the deal. “CCI ...
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Indian travellers back sustainable tourism in 2019, reveals Booking.com report

Key findings: 79% of Indian travellers report being more determined to make sustainable travel choices than they were a year ago.98% of Indian travellers intend to stay at least once in an eco-friendly or green accommodation ...
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US-based firm Ebix offers to buy out Yatra.com for a premium sum

US-based IT firm Ebix has recently proposed the acquisition of the online travel portal Yatra in an undeclared amount, media reports suggest. The Times of India has reported that the company is willing to shell out ...
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Thomas Cook India acquires Digiphoto Entertainment Imaging

Acquisition is PAT and free cash accretive from day one Marks Thomas Cook India Group’s entry into an adjacent sector, complementary to its travel & travel related services portfolio. Thomas Cook India Group has acquired a ...
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Internet, personalization and social media driving Indian travellers: Sharat Dhall, Yatra.com

In his ‘Travel trend wrap up report by Yatra.com', Sharat Dhall has listed out Virtual Reality, social media, and internet as major influencers in driving Indian tourists, within the country and globally. Also, family vacations are ...
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Travelport to go private; Evergreen corp. buys it off for 4.4 billion USD

Travelport is set to be acquired by affiliates of Siris Capital Group and Evergreen Coast Capital Corp. It is going to be an all-cash transaction, pegged at approximately 4.4 billion USD. Elliott Management Corporation handles Evergreen ...
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Booking.com will continue its India-centric approach, build locally, says Ritu Mehrotra 

Ritu Mehrotra, Country Manager - India, Sri Lanka & Maldives, shares her views on Booking.com’s commitment to the Indian market, the recent trends in the travel industry and how OTAs are going to remain a major driver ...
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Booking.com ties up with the Maharajah to boost its outreach

It is the time for strategic alliances. Increasingly, companies are coming together better position their products, and battle the intense competition that has come. One such example was Flipkart tying up with MMT to cross-sell on ...
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Relinquish traditional wisdom to tap opportunities in a ‘new India’: Vijay Shekhar Sharma

Vijay Shekhar Sharma, founder of PayTm, is the poster boy for India’s recent success story in the startup sector. He swung between colloquial Hindi and English, leaving the audience in splits with his unusual but brutally ...
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Yatra.com and OYO join hands to boost inventory and outreach

In yet another sign of growing consolidation in the domestic online e-commerce space, two of India’s prominent, home-grown, online hotel aggregators have joined hands to boost their cumulative market presence.  In a recent development, likely to ...
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