skift take
— Bulbul Dhawan
Online travel agency MakeMyTrip has announced the launch of its 'Business Class Funnel' for international flights, with the aim of improving the booking experience for first class and business class travelers. The product will provide travelers with a central platform to access information about premium experiences such as seat recline, dining, and in-flight entertainment, and offer these in exchange for increased initial fares and flight fares, according to a statement. It is said that you can get special benefits. business class ticket.
Airline partnerships: The platform has partnered with airlines such as Lufthansa, Virgin Atlantic, Vistara, Air France, Air India, and British Airways to make the most of the information travelers can collect. We plan to add partner airlines to give users more options.
Growth opportunities: MakeMyTrip, which recorded record quarterly gross bookings, revenue and profits in Q3 of FY 2023-24, expands as India's travel and tourism industry grows on the back of increased infrastructure investment and increased tourist arrivals The aims. Disposable income of the Indian middle class.
Saudi Arabia designates India as major supply market
According to the Saudi Tourism Authority, Saudi Arabia has seen a 50% increase in Indian tourists since 2022. Therefore, authorities aim to make India the country's largest source market. Saudi Vision 2030 aims to attract 7.5 million tourists from India by 2030. Alhassan Al-Dabagh, Saudi Tourism Authority APAC market president, said visa procedures for Indians have been simplified to facilitate this movement.
Travelers from the country wishing to visit Saudi Arabia can obtain a visa on arrival, a stopover visa, or electronically if they hold a US, UK, or Schengen visa with proof of entry stamped. There is an option to obtain a visa. In 2023, connectivity between the two countries will also be strengthened, and the air transport capacity for travelers in this sector will reach 2.8 million seats, an increase of 31% compared to the capacity in 2019.
IHCL signs contract with Ginger Hotel at Manohar International Airport in Goa
Indian Hotel Company has signed a deal for the new Ginger Hotel to be developed at Goa's Manohar International Airport. The 300-key hotel, scheduled to open in 2027, is the latest addition to the company's portfolio of 15 hotels in the state, four of which are under development. This is also an expansion of IHCL's strategic focus for its low-cost brand Ginger.
In the past two months, the company has signed two Ginger hotels and opened one. In a statement released in January, the company said up to six new hotels have been signed in 2023 under the Budget brand. By the end of last year, IHCL's portfolio included 63 operating Ginger hotels and 23 more in the pipeline.
India-based Dynamic Technologies manufactures A220 aircraft doors for Airbus
European aerospace company Airbus has commissioned Bangalore-based Dynamic Technologies to manufacture and assemble aircraft doors for its A220 family. The contract requires Dynamatic to manufacture and assemble eight of his doors for each aircraft, including passenger, cargo, service and on-wing emergency doors.
The contract is one of the largest aerospace export agreements to India and is aimed at creating additional production capacity for the A220 program and also includes the manufacturing of detailed parts, which will be used by other Indian This will lead to business opportunities for suppliers.
Airbus said in a statement that India is a strategic resource hub for the airline and all commercial aircraft are equipped with components and technology developed in the country. Airbus currently sources $750 million worth of parts and services annually from India. The company aims to increase this number to $1.5 billion over the next few years.
Yatra shareholders can get free Yatra Prime membership
Yatra Online Limited has announced that it will be offering free Yatra Prime membership to its shareholders. Subscription offers provide users with benefits that can improve their travel experience as well as savings. Under the program, the online portal will waive convenience fees on domestic flights, give users access to special fares, and distribute surprise gifts every week.
Yatra Prime was launched in June last year as a premium product for users. Membership is free to the company's shareholders, but other users can pay for six months at a time to become members of the Yatra Prime program.
EaseMyTrip reports 9.5% profit increase
EaseMyTrip's profit after tax for the third quarter of fiscal 2023 rose 9.5% year-on-year to 456.6 million rupees ($5.5 million). Apart from profits, the company also reported an increase in gross profit, operating revenue, and earnings before interest, taxes, depreciation, and amortization (EBITDA).
Bookings for the aviation sector on the portal fell by nearly 30% year-on-year, while bookings for hotel stays fell by 4%. Bookings in other segments increased by more than 82%. The company is currently looking to expand its airline ticketing business, while also focusing on global expansion in non-aeronautical sectors such as hotels, transportation and travel.
Photo Credit: This product provides a platform for travelers to access detailed and relevant information about premium travel experiences.
