Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Franchise 100 2019-02-19

After Making Travelling “Cool”, MakeMyTrip Made it to Top Franchise 100 Brands List

Deep Kalra said, “By the end of 2022, 70 percent of our revenue will come from the hotels and accommodations segment.” Read on...

By Senior Sub-editor
After Making Travelling “Cool”, MakeMyTrip Made it to Top Franchise 100 Brands List

Up until a few years ago, traveling involved visiting and exploring new places with family during either summer holidays or the Christmas and New Year holidays. Only businessmen and businesswomen were traveling the year round.

But since the inception of the internet happened, the world has become smaller and closer. Travelling has become the new cool for the millennial. The millennial is taking full advantage of the technological advances made in the market for making things simpler yet fun.

The millennial wants to party in every unnamed island and wants to explore every day, and that needs to be fed on the social media platforms. MakeMyTrip came into existence in 2000 when the word travel was not that cool as it is today, but Deep Kalra, Founder and Group CEO, MakeMyTrip, had predicted it and thank god he did! He transformed the travel business like it’s no one’s business.

The Travel Business

The company initiated its journey serving the US-India travel market, offering a range of best-value products and services powered by technology and round-the-clock customer support. MakeMyTrip launched its Indian operations in 2005 and since then it hasn’t looked back. It came to life to empower the Indian traveler with instant booking and comprehensive choices.

In a recent interview, Deep Kalra said, “By the end of 2022, 70 percent of our revenue will come from the hotels and accommodations segment.”

This shows that not only foreign travelers have increased over the years, but there has been a significant increase in people traveling within India and to international companies. The reasons might vary from increased disposable income, lifestyle changes, changes in lifestyle needs and technology playing a bigger role.

The online world has made selecting a destination, booking air tickets, booking hotel rooms and easy payments very feasible for the millennial.

Deep adds, "The big focus area for us and where Indians are going right now is overseas. The middle class has money and is traveling overseas as it is aspirational.

MakeMyTrip provides access to all major domestic airlines operating within India as well as all major airlines operating to and from India, with over 60,000 domestic accommodation properties in India and more than 5 lakh properties outside India, Indian Railways and all major Indian bus operators.

Kalra says, “Out of our 60,000 hotel partners, around 99.9 percent are still with us." 

Franchise 100

The Franchising World, India’s no.1 franchising magazine, identifies the TOP 100 franchise brands and celebrates their achievements every year in its anniversary issue. The issue highlights the established Indian and big global brands that are increasing their positioning in India along with the new-age brands that are lucrative and profitable; expanding fast, and can act as a reference guide for budding entrepreneurs and investors across India. 

Franchise Top 100 is the one-stop destination to know everything about the franchise industry, which establishes authority and strength to evaluate the growth of the franchise industry.

Wish to buy a franchise? Click here: 

https://www.franchiseindia.com/brands/MMTFranchise.5938

Comment
image
image
mobile
address
star franchise india
Rohit Kr Sharma : 21, Feb 2019 at 09:16 PM
I want to open the frmachisee
Related opportunities
  • Gyms And Fitness Centres
    About Us: GROUP EX FITNESS ® ISO 9001:2015 certified, started in..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater bangalore Karnataka
  • Departmental/Unisex
    About Us: Established in 1879, we are the oldest Bed and..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 1979
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    In 1952, Lovie Yancey created something unique. A culture. A..
    Locations looking for expansion New Delhi
    Establishment year 1952
    Franchising Launch Date 1990
    Investment size Rs. 50lac - 1 Cr.
    Space required 1200 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Others Food Service
    Royalty Charges :- 0% Life Time Format Investment Brand Fee Space Pro..
    Locations looking for expansion Chandigarh
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chandigarh Chandigarh
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
ads ads ads ads