India reports tourism growth for the first time since the pandemic: The industry is inspired by new success

By TravelWiseNov 14, 2023 15:35 PMNews
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Tourism has recovered in India
Tourism has recovered in India. Source: Freepik

MakeMyTrip, a leading online travel agency in India, reported a 24% increase in total bookings to reach $1.8 billion in the second quarter.

Adjusted operating profit also rose from 87% to $28.2 million. International airfares exceeded pre-COVID-19 levels. At the same time, both short-haul and long-haul destinations are recovering rapidly, the Times of India reports.

India reports tourism growth for the first time since the pandemic: The industry is inspired by new success
India attracts tourists again. Source: Freepik

Accommodation businesses, including hotels, have also seen significant growth with increased supply and deeper penetration into cities that were previously not very popular with tourists.

MakeMyTrip is also expanding its ground transportation business by investing in Savaari, a long-distance taxi service.

According to MakeMyTrip Group CEO Rajesh Magow, all short-haul destinations have either grown or recovered to pre-pandemic levels, and travel to long-haul destinations is now also recovering rapidly.

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