Business Travel: MakeMyTrip reports highest quarterly ever gross bookings at $2 billion in Q1 FY24

NEW DELHI: India’s largest on-line journey company MakeMyTrip on Tuesday reported its highest ever quarterly gross bookings and income within the April-June, 2023, quarter. Whereas gross bookings grew by 31.4% to $2 billion, over similar interval final fiscal, adjusted working revenue was $30.1 million, up 83% from $16.5 million in Q1 FY23.

The corporate says “journey demand for each leisure and enterprise journey witnessed robust progress through the quarter resulting in all-time excessive gross bookings in our firm’s historical past.”
MakeMyTrip group CEO Rajesh Magow mentioned: “We’ve began the brand new monetary 12 months on a constructive observe, delivering our strongest ever quarter with all- time excessive gross bookings and income. Journey demand throughout buyer segments stayed sturdy in a seasonally robust quarter for leisure journey. The depth of travel-related choices and high quality buyer expertise that we ship, powered by sturdy know-how and product improvements, together with our robust model are serving to us cater to the evolving shopper preferences and keep forward of the market.”