MakeMyTrip Reports 20.9% Gross Booking Growth Amid Shifting Travel Trends
MakeMyTrip (MMYT) reported strong second-quarter fiscal 2027 results, highlighted by a 20.9% year-over-year increase in constant-currency gross bookings to $2.7 billion. Despite headwinds in the air travel sector caused by rising jet fuel prices and Indian rupee depreciation, the company successfully diversified its revenue streams. Its non-air business mix, including ground transport and accommodations, grew to 63.2% of total bookings. The company is leveraging artificial intelligence through its 'Myra' assistant, which has significantly improved conversion rates, particularly in tier 2 and tier 3 cities. Additionally, MakeMyTrip continues to strengthen its corporate travel segment via the myBiz and Quest2Travel platforms, providing a steady demand buffer against seasonal fluctuations in leisure travel.
Tickers: $MMYT
Topics: AI integration gross bookings non-air business growth travel industry trends
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