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CLEARTRIP REVENUE INCREASE
Myntra announces End of Reason Sale starting May 29Myntra's 24th End of Reason Sale begins May 29. Millions of customers can shop over 6 million styles. Emerging brands will debut new collec...- Flipkart group companies cut FY25 losses as Myntra stays on profit trackUnder pressure to rein in losses ahead of a planned initial public offering (IPO) in 2026, Flipkart has managed to trim red ink across most...
- Cloudy skies for Cleartrip: revenues jump 69%, but losses are substantialTotal expenses stood at Rs 886 crore in FY25, compared to Rs 990 crore a year ago. A significant chunk of this was attributed to employee b...
- High temperature takes travel to a fever pitch, pushing up airfaresInternationally, short-haul destinations such as Vietnam and long-haul ones like Europe are seeing increased interest, say travel industry ...
- Travel firms ramp up hiring amidst governmental push on tourismIndian travel companies are aggressively hiring mid-senior talent with AI and automation skills from hospitality and tech sectors, offering...
- As economy flies high, so does corporate air travel: Business flyers pass pre-Covid numbersExecutives at airlines and travel companies said increased activity among IT, mechanical, banking services, and pharmaceutical companies is...
- Final call for all summer flyers: Book tickets nowIndia's largest airline, IndiGo, has 74 aircraft grounded till December. While it is ramping up capacity by extending its lease on existing...
- Cleartrip lays off up to 100 staff in IndiaThe company has laid off about 80-100 people across their offices in Gurugram, Mumbai and Bengaluru in functions like business contracting ...
- Domestic airfares see up to 30% dip this year, as compared to lastExecutives at India’s top travel companies said that average peak-season fares are the lowest this year, having consistently fallen over th...
- Visit to parents slips down list of festival prioritiesAbout 50% of respondents said they spend less than 30 days a year with their parents while 76% of working professionals have cancelled a fa...
- Hotels lost business in violence following Ram Rahim verdictThere was a sharp increase in cancellations for the Chandigarh region during August 25-30, said Amit Taneja, chief revenue officer of Clear...
- As occupancy drops, high-end hotels find luxury comes at a costA levy of 28%, the highest rate under GST, is imposed on hotels with room tariff of Rs 7,500 or more. Those that charge less face GST at 12...
- New tax regime takes a toll on occupancy at high-end hotelsA levy of 28%, the highest rate under GST, is imposed on hotels with room tariff of Rs 7,500 or more. Those that charge less face GST at 12...
- No big impact on airfares, hotel rates: Travel agentsTravel agents said the pace of discounts, sales and other incentives being offered by them will continue the same way, post GST.
- Average airfares in India cheapest in three yearsIndia was found to have the cheapest airfares in a list of 43 countries. More than half the Indian market is controlled by low-fare carrier...
- How online travel firms like Yatra and Cleartrip are enteringing into the budget accommodation spaceExecutives at OTA have set their sights on the burgeoning budget accommodation space as travellers in India increasingly prefer small, unbr...
- Mobikwik sees revenue run rate doubling this fiscalRevenue run rate is a term used in online retailing to indicate total value of merchandise sold over a time-frame.
- Travellers are preferring small hotels and inns, thanks to good reviews on travel websitesTravellers in India increasingly prefer small, unbranded hotels and villas to star hotels, encouraged by their high ratings in popular hote...
- Air travellers take to mobile apps to get best out of flash salesThe shift to mobile app behaviour has been driven by flash sales of airlines such as SpiceJet which encourages consumers to embark on impul...
- Cleartrip.com to start international bookingOnline travel portal 'cleartrip.com' will start international booking within a month as it expects to achieve a growth target of 300 per ce...
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