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Holiday membership for Rs 1.1 lakh promised 4-5 star hotels with meals: Customer gets 3-star stays, court orders full refund with 9% interestHoliday membership refund: A consumer commission has directed Park Club International to refund Rs 95,000 to a member who paid Rs 1.10 lakh...- Flight refund credited to Goibibo wallet, but passenger didn't get the money: Court orders Rs 1.34 lakh payoutGoibibo has been ordered to pay a total of over Rs 1.34 lakh for failing to refund cancelled flight tickets. This includes a refund of Rs 4...
- 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...
- Antitrust focus shifting to economy-wide ramifications of Big Tech practices: CCI officialOver the last few years, the competition commission has increased focus on bringing digital companies under its coverage, both from a merge...
- FHRAI writes to Sebi to stop OYO from launching IPO after CCI penaltyThe hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its ma...
- ET Startup Awards, Infosys kind of allows moonlighting and other top storiesETSA comes at a time when the global tech startup ecosystem is surrounded by economic and geopolitical turmoil. The volatility in valuation...
- Elon Musk to axe 75% of Twitter staff; Delhivery shares continue downward spiralA report in The Washington Post suggests that Tesla and SpaceX boss Elon Musk plans to fire 75% of Twitter’s staff once he takes over the c...
- MakeMyTrip's Deep Kalra moves on from executive role, becomes group chairmanAs a part of his new role as group chairman and chief mentor, Deep Kalra will devote time towards mentoring MakeMyTrip’s leadership team al...
- Trip and fallThe Covid pandemic has been disastrous for the travel sector in general and 15-year-old Cleartrip in particular. A year after it laid off a...
- 72% prefer 'couple-friendly' hotels for short duration stays: SurveyWith internet savvy millennials and Gen Z seeking an end to invasive questions while booking their stay, a survey has revealed that more th...
- Can CCI be more agile like its EU and US counterparts in disposing of cases?The recommendations made by the Competition Law Review Committee could make the CCI more effective.
- OYO-MakeMyTrip extend commercial agreement for a further five-year period.The agreement between the two Gurgaon-based companies, both leaders in their respective segment, was first inked in February last year.
- Hotel association frenzy misplaced, will lead to price increase of up to 40%: OyoOyo said it has received recommendations from industry body FHRAI and will continue to engage with it and its asset owners on a one to one ...
- FHRAI warns of action against Oyo for large scale breach of contractsFHRAI has called Oyo for a dialogue before the issue snowballs into a nationwide protest.
- Hospitality industry body FHRAI sends notice to Go-MMT, warns of a nationwide protestFHRAI said it has written a letter to the Online Travel Aggregators outlining the most critical concerns of the hotel industry.
- Oyo Rooms closing $250-mn round led by SoftBank, will be valued at $850 mnThe size of Oyo's latest funding round is half of the $500 million proposed by the Masayoshi Son-led SoftBank earlier this year.
- CCI clears acquisition of Ibibo group by MakeMyTripThe Competition Commission of India (CCI) has approved the deal, as per the latest update on the regulator's website.
- How online travel agencies are competing with the newer and more funds-flushed budget hotel aggregatorsFor the OTAs, slow overall revenue growth and lower margins are pushing them into the online budget aggregator space.
- Travel agents reboot to compete with online portals like MakeMyTrip, Cleartrip, YatraOnline travel portals grow at 25% in the last two years, traditional agents are rushing to gain business with new offers.
- Google getting ready to offer flight search service in India; Makemytrip, Yatra may move fairplay panelFlight Search lets users compare fares & book tickets directly from airline websites. This could, in effect, make flight aggregators redund...
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