The Travel Industry Bounces Back
The travel industry has witnessed a remarkable rebound, with online travel agencies reporting robust performance quarter after quarter. Today, almost every segment of travel has recovered from the lows experienced during the pandemic.

Insights from MakeMyTrip’s CEO
Significant Recovery: Rajesh Magow, the co-founder and group CEO of MakeMyTrip, shared insights in an exclusive interview, highlighting the substantial recovery in business travel. Notably, offsites, conferences, and meetings have seen a notable uptick in demand.
Growing Celebration Travel: Magow emphasized the consistent growth in celebration travel, indicating a promising trend for the near future. With the anticipation of strong demand in the March quarter and beyond, driven by numerous holidays and extended weekends, the travel industry is poised for further resurgence.
Financial Performance: In the October-December 2023 quarter, MakeMyTrip reported a remarkable increase in profit, soaring to $24.2 million compared to just $0.2 million in the same quarter of 2022.
A Bright Future for Travel
As MakeMyTrip’s CEO Rajesh Magow predicts a strong rebound in travel demand, the travel industry anticipates a promising future ahead. With celebrations, business events, and leisure travel on the rise, the sector is poised for robust growth in the coming quarters.