This is MakeMyTrip’s 15th straight loss-making quarter. The company reported a loss of $14.3 mn for Q1 FY17, up from $6.9 mn for the same quarter last year. Revenues from the hotels and packages segment accounted for 56% of MakeMyTrip’s total revenue in the quarter, largely because of a 478% increase in hotel booking for the company. MakeMyTrip reported 1.42 mn hotel bookings, of which 73% came on mobile.

MakeMyTrip's business losses continue

Leave a Reply

Your email address will not be published. Required fields are marked *