In the supply problem, aviation growth may slow down the supply problem, a better road: MakeMytrip magazine

Although due to the high demand and limited supply, domestic flights have experienced double -digit growth so far this year, Magow said that due to limited flight availability and more and more challenges due to improved infrastructure, road travel has been traveled to highway. The increasing preferences are increasing, and it may slightly adapt to the growth of the aviation industry.

“As far as the airline is concerned, the supply is limited, it is dripping. When the additional supply coming in next year, the price of the airline will be fixed. Airlines may lose a little to support ground transportation because the road is the country’s country’s country’s country’s The infrastructure is getting better and better. “He told Mint.

Despite these factors, Magow believes that the travel department will still see strong growth. He added: “In the next two years, the overall travel and tourism growth will be two digits between 10-15 %.”

When the tariffs involved in the room, during the concert, activities and holiday peak activities, travelers may have almost no relief, but the price of hotels will remain mild in general. “This year, we noticed that the price of hotels in the same period last year was only 3-4 %. Unless a large-scale event was held in the peak season, concerts and increases, the price was often high at that time. There are more and more alternative accommodations selected by travelers.

The trend of performance and continuous development

In the latest quarterly update last week, MakeMytrip, listed on Nasdaq, reported that it increased by 24.8 % year -on -year to US $ 267.4 million. This is due to the increase in demand for various travel services, especially aviation ticket sales (especially Air T 4) Especially 18.6 %), hotels and packages (hotels and parcels) (hotels and packaging) (rising 17.2 %) and bus tickets (increased by 31.7 %). The net profit of the quarter increased by 110.7 %.

Magow emphasizes the significance of the religious tourism industry to the company. In the last quarter of 2024, the room sold in the spiritual destination increased by 20 % at night.

He said: “In UP, the spiritual destination led by Ayodhya, Varanasi and Prayagraj has increased by 40 %.” It attracted many travelers. He said. The growth of the industry helps extensively expand the tourism industry.

During the outbound travel, despite the depreciation of the rupee, Magow still expressed optimism. “The Indians always find a way. When he said,” When traditional international travel destinations become more expensive, they will find another choice. Greece, Spain, Georgia, etc. “

MakeMytrip’s hotel and parcel business also performed well, an increase of 17.2 % to $ 147.1 million, and domestic and international reservations were increasing. In addition, the rise in alternative accommodation (such as boarding families and villas) has always been a key factor in growth. Magow said: “We grow up in this area, we are either in the standard rod or the largest alternative accommodation business.” 34 %.

He said that despite the growing demand for alternative accommodation, the hotel business is still strong due to its high profit margins. He said: “The profit margin of the hotel will continue to grow …” reiterated the company’s optimistic prospect of the company’s future growth in all travel fields.