EASEMYTRIPS CEO
GoFirst loses a suitor as EaseMyTrip's founder Nishant Pitti withdraws bid
EaseMyTrip's CEO, Nishant Pitti, announced the company's decision to withdraw its bid for airline GoFirst, citing a focus on their core strengths. This move comes after the Delhi High Court's recent order allowing lessors to deregister and repossess Go First's planes, which impacted hopes of favorable valuation for the defunct airline's creditors. Previously, Pitti's EaseMyTrip, along with SpiceJet promoter Ajay Singh, had jointly bid for Go First.
Hiring surge in travel and tourism: What it means for mid-career and senior roles
India's travel and tourism sector has rebounded post-pandemic, contributing Rs 16.5 trillion to the economy and creating 39 million jobs by 2020. The sector is also witnessing a spike in demand for AI specialists and data operations in the hospitality industry.
Five lakh sellers onboard ONDC so far: DPIIT secy
Asked if big startups would overshadow smaller players, DPIIT secretary Rajesh Kumar Singh said it will increasingly get traction for all types of players that comes to the ecommerce marketplace.
Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu Hotel
This is Radisson Hotel Group’s second hotel in Ayodhya. Previously, it announced the opening of Park Inn by Radisson Ayodhya in January 2024.
Radisson Hotel Group announces second hotel in Ayodhya with EaseMyTrip, Jeewani Hospitality
Radisson Hotel Group announces the opening of its second hotel in Ayodhya, developed by Jeewani Hospitality. The hotel is expected to open in 2027. The hotel will be located near Maharishi Valmiki International Airport and will offer road connectivity via National Highway-27. Guests can explore nearby religious sites and the partnership with EaseMyTrip is highly regarded.
EaseMyTrip CEO on 'instigating' India-Maldives row: 'They wanted India and its tourist out. We only...'
EaseMyTrip CEO Nishant Pitti recently addressed the company's decision to indefinitely suspend flight bookings to the Maldives following a diplomatic dispute. Pitti acknowledged the risk of forgoing revenue and potential userbase alienation but expressed gratitude for the overwhelming support from 95% of Indian users, resulting in a 280% increase in app downloads.
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EaseMyTrip surfs patriotic wave post Maldives row
Easy Trip shares surged nearly 17% to ₹51.81 - emerging as one of the top BSE gainers on Thursday. The company's announcement the previous day to launch an insurance subsidiary - EaseMyTrip Insurance Broker also contributed to the sentiment.
India-Maldives row: EaseMyTrip offers discounts on NATIONFIRST and BHARATFIRST codes
The discount came amid the row over Maldives leaders' derogatory posts on Prime Minister Narendra Modi last week. Earlier, Nishant Pitti, had announced the suspension of all Maldives flight bookings following the controversy. Meanwhile, traders' body CAIT has also called upon domestic traders and exporters to refrain from conducting business dealings with the island nation.
India-Maldives row: EaseMyTrip suspends flight bookings, Indians cancel planned trips
EaseMyTrip founder and CEO Nishant Pitti said on social media platform X (formerly Twitter) that their company is made in India and that they have decided to not accept any bookings for Maldives.
Chalo Lakshadweep: EaseMyTrip suspends Maldives flight bookings amid India-Maldives row
India-Maldives row: The Maldives has emerged as a sought-after tourist destination, particularly popular among Indian travelers. As of December 2023, data from the Maldives' tourism ministry reveals that Indian tourists constituted the highest number of visitors to the country. With a total of 209,198 visitors, India surpassed other nations in terms of tourist arrivals, followed closely by Russia with 209,146 visitors and China with 187,118 visitors.
Bitten by the travel bug, young Indians find a cure in loans
With the market having expanded, evident in the definitive uptick in travel loans, the average loan value per person has dropped about a quarter to Rs 1.5 lakh per person. The average value has seen a reduction given the large increase of younger travellers availing of loans -- for both domestic and short-haul overseas destinations.
SpiceJet appoints EaseMyTrip as sales agent as it eyes to shore up revenues
SpiceJet has appointed EaseMyTrip as a General Sales Agent for select market section, hoping the strategic partnership will enhance the promotion and sale of the budget carrier's products and services. This will enable both companies to expand their customer base and reinforce their positions in the highly competitive Indian aviation market.
Agents reluctant to sell GoFirst tickets
Travel agents, who are likely owed more than ₹500 crore by Go First Airlines, aren't willing to sell its tickets despite verbal requests from the airline, which has filed for bankruptcy protection. "The airline executives have told us it is trying its best to start operations from May 27. But at this point, we have no clue how Go will resume and sustain them," said a person in the know.
This is the best time for Indian travel sector: EaseMyTrip CEO & Co-Founder Nishant Pitti
The foundation of EaseMyTrip originated with a travel business named Duke Tours, which was founded many years before EaseMyTrip in 2008. In fact, we used to plan our father's business tickets in order to avoid the hefty fees charged by numerous travel agencies, EaseMyTrip' s CEO and Co-Founder Nishant Pitti said.
EaseMyTrip acquires majority stake in hotel booking marketplace cheQin
"Everyone enjoys bargaining over anything. Booking a hotel is no different. The robust bargaining algorithm of cheQin would draw in a tonne of customers in no time. We really believe that cheQin can work miracles for last-minute, bulk, long-term, and short-term bookings. We expect to strengthened the market in the years to come, thanks to our partnership with EaseMyTrip," he added. Over 60,000 properties, including three, four and five star hotels, private stays, holiday rentals, beach resorts, and inexpensive rooms, have just joined cheQin, the company said.
EaseMyTrip opens retail office in Dubai
Located in the Bur Dubai area, the retail office will house a team of the company's travel experts to guide customers in planning holidays and provide a hassle-free booking experience, EaseMyTrip said in a statement.
Travel companies, hotels begin hiring amid rise in bookings
Travel agencies and online portals such as Thomas Cook and EaseMyTrip are recruiting people across functions. Leading hotel chains such as ITC-backed Fortune Hotels, Lemon Tree Hotels and Royal Orchid Hotels are also ramping up manpower.
EaseMyTrip inks pact with regional airline Flybig to sell tickets exclusively on its platform
Commenting on the partnership, EaseMyTrip CEO & Co-Founder Nishant Pitti said, "Air travel is witnessing a major boom across Tier II and III cities, and we are delighted to partner with Flybig during such a critical juncture for the industry".
EaseMyTrip partners with regional airline Flybig to sell tickets exclusively on its platform
EaseMyTrip CEO & Co-Founder Nishant Pitti said the air travel is witnessing a major boom across Tier II and III cities, and the company is delighted to partner with Flybig during such a critical juncture for the industry.
EaseMyTrip's board approves issuance of bonus shares
The board of directors of the company at its meeting held on January 12, 2022, have approved and recommended the issuance of fully paid-up bonus shares in the ratio of 1:1, out of its free reserves created out of profit, EaseMyTrip said in a statement.
Deals and transactions back in hospitality industry, industry insiders expect more activity in the coming year
Nandivardhan Jain, CEO of hospitality advisory firm Noesis Capital Advisors, that acted as the exclusive transaction advisor for the EaseMyTrip Spree Hospitality deal said the firm expects to see at least three more transactions materializing in the next two to three quarters.
Online travel platform EaseMyTrip announces 50% dividend, its second since listing
In April, the company had announced an interim dividend of 100% or Rs 2 per share for fiscal 2020-21.
SpiceJet joins hands with travel portal EaseMyTrip
The tie-up is aimed at expanding EaseMyTrip's ambit across the rapidly growing holiday segment, the company release said.
EaseMyTrip expands international presence to Philippines, Thailand, and the USA
EaseMyTrip CEO and co-founder Nishant Pitti said Philippines, Thailand, and the USA represent a significant part of the company's international holiday package business. The company will launch a localized travel search engine in each global subsidiary besides tying with local airlines and payment gateways, he added.
EaseMyTrip Q1 results: Net profit soars six-fold to Rs 15 cr
Total income stood at Rs 34.75 crore in the quarter under review. It was Rs 12 crore in the same period a year ago, it added. Revenue of the air passage segment stood at Rs 18.87 crore as against Rs 3.50 crore in the year-ago period, the filing said.
EaseMyTrip aims 100% growth this year
"We anticipate a huge pent-up demand for the travel and tourism sector post the vaccination drive across India, giving us strong revenue visibility for years to come. All in all, we are hopeful of more than 100 per cent growth vis-a-vis last year," Nishant Pitti CEO and co-founder EaseMyTrip told.
Easy Trip co-founder upbeat despite IPO at worst time for travel
The Delhi-based group, whose IPO raised 5.1 billion rupees ($70 million) with the majority of that going to Nishant and Rikant as they sold down their interests, has however been hit by cancellations as people scrap their travel plans.
As India gradually opens up, travellers begin to check in for leisure travel
According to a survey done by ixigo with over 5,000 users in September, 21% of the respondents said that they were travelling for a workation.
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