India's Dominant Online Travel Agent

MakeMyTrip is India's leading online travel agency (OTA), with more than 50% share of the Indian market.

In my most recent report, I did a company profile on MakeMyTrip, which is India's leading online travel agency (OTA), with more than 50% share of the Indian market.   In my research, I found that the past three years have seen significant growth for the company, including rapid margin expansion from 8% in fiscal year 2022 to 16% in 2024. The company publicly listed its shares on the Nasdaq stock exchange in the U.S. in 2010 and in 2024, its shares rose more than 150%, materially outperforming all other major global online travel agencies and comparison indexes.   Here is a comparison of MakeMyTrip vs. its peers: Sources: LHS chart – Videc Consultants based on company reports. RHS chart – Skift Research based on company reports and presentations. Capital IQ INR/USD exchange rate In March, we will be welcoming MakeMyTrip's Co-Founder and Group CEO, Rajesh Magow, to the Skift India Forum stage where we will deep-dive into how the company has had continued success against their peers in the region plus so much more. GET MY TICKET I hope you will join us in India,   Pranavi Agarwal Senior Research Analyst   If you have further questions or want to explore a sponsorship, email us at events@skift.com or visit the FAQ page. Skift, 35 W 31st St., Frnt 1, New York, NY 10001, USA, (516) 399-0304 Manage preferences