MakeMyTrip (MMYT)

The business is organised around several travel categories. Air ticketing provides domestic and international flight booking services, while the hotels and packages division covers standalone hotel reservations, alternative accommodation, and bundled leisure travel products. This hotels and packages segment is a major contributor to revenue, supported by supplier relationships, inventory access, technology tools, and customer service operations. Bus ticketing and other travel services broaden the platform’s usefulness for everyday and leisure travellers.

MakeMyTrip operates in a market shaped by rising disposable incomes, increasing internet penetration, a growing middle class, and expanding domestic tourism in India. The company also serves customers outside India, including in the United States, Southeast Asia, Europe, and other international markets, though India remains its core revenue base and strategic focus.

Its competitive position rests on brand recognition, scale, customer data, loyalty features, and an integrated marketplace that connects travellers with airlines, hotels, bus operators, and package suppliers. As a listed stock, MMYT gives investors exposure to the long-term digitisation of travel booking in India, while remaining sensitive to consumer demand, travel cycles, competition, and supplier economics.