Home / Business and Economy / ixigo Hotels: 5,000+ Room Nights Daily, Poised for Mid-Market Dominance
ixigo Hotels: 5,000+ Room Nights Daily, Poised for Mid-Market Dominance
17 Oct
Summary
- ixigo's hotel business now exceeds 5,000 room nights booked daily.
- Hotel revenue experienced over 500% year-on-year growth.
- International flight bookings surged despite challenging domestic airfares.
ixigo's hotel division has reached a significant milestone, now recording over 5,000 room nights booked each day. This segment has demonstrated exceptional growth, with revenue surging more than 500% year-on-year since its inception just over two years ago. The company's overall net profit for the second quarter of the current fiscal year was Rs 63.42 crore, with revenue from operations increasing by 13% to Rs 320.96 crore.
The company is strategically positioning itself to become a dominant player in the mid-market hotel sector within the next four to five years. A substantial 86% of the hotel business's growth is attributed to ixigo's existing user base, comprising its monthly active users. This organic growth is further bolstered by recent strategic acquisitions.
In parallel, ixigo's flight business is navigating a challenging domestic market characterized by high fares and reduced capacity. However, the international flight segment has shown remarkable performance, with a 59% year-on-year increase in Gross Booking Value. Destinations such as Vietnam, Bali, and Colombo experienced substantial booking growth.
