Hotels business has hit a critical mass for ixigo, co confident of triple digit growth: Group CEO
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Ixigo reported its hotel business hit a critical mass, crossing 5,000 room nights booked daily.
- ✓Group CEO Aloke Bajpai said, “We decided to break out the hotels vertical and disclose it as a separate line of business.” The company saw revenue grow over 500% as it targets the mid-market segment.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
ixigo has reported substantial growth in its hotel business, surpassing 5,000 room nights booked daily. The company is aiming to become a leading player in the mid-market hotel segment over the next few years. ixigo's revenue from hotel bookings has seen impressive year-on-year growth, primarily from its own user base. International flight bookings also showed significant growth, as domestic fares remained high.
New Delhi: The hotels business has hit a 'critical mass' for ixigo, even as the company grows in the airline business despite flight macros in the country remaining a ‘bit challenging’, said group CEO Aloke Bajpai in an interview with ET.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.