MakeMyTrip Crosses $100 Million In Sales Ahead Of Target; Full Year Estimate: $120 Million
Travel portal Makemytrip.com has announced that it has crossed the $100 million sales mark on February 12, which actually was the full year target for the company. Now company expects to close the financial year (ending March 31, 2007) with sales of $120 million. As Kalra claims that MakeMyTrip.com has a 55 per cent market share, that will take the total industry sales to roughly $220 million, which will be accounted by others like Yatra.com, Travelguru and Cleartrip.
Going by $120 million in ticket sales, MakeMyTrip will rake in about $6 million in commission revenues (5 per cent of the ticket price) this year. This component has to significantly increase for the company to go in for an IPO, which it hopes to do after 2008.
Posted In: E-Commerce, Travel
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Comments (9)
Feb 16, 2007 3:24 AM
Sahad,
Any Idea whether the amount includes international ticket sales from US and Australia?
http://us.makemytrip.com/ , http://makemytrip.com.au/
If included, could skew the numbers for the domestic market.
Feb 16, 2007 3:34 PM
They were planning to roll out the new site with fresh design and better technology back end…still working on it? the current site really su@#, as it gets time out, lot of times.
Feb 16, 2007 7:38 PM
Travel Industry is on boom in India.
- Vicky
http://india2.in/blog
Feb 17, 2007 3:18 AM
Whoa! Sounds unbelievable! With the avergae ticket price at about Rs. 2000-4000—- this means over 10 Lakh tickets sold at MMT ina little over 10 months! Can’t just be retail domestic travel tickets! Are ‘physical agent’ ticket bookings being routed through this? Have all these tickets been traveled upon? (or booked thru MMT and cancelled later?)!
Feb 18, 2007 12:30 PM
I believe it is very much possible at 3k a day.. which i believe is true
Feb 19, 2007 12:19 AM
Indiatimes also sells huge number of tickets. and is probably at par with MMT as far as the Indian Market goes… there is something not right with the numbers…
Feb 19, 2007 12:31 AM
wow!! Check back what indian Airlines are doing they’re going global as well. Indian has received an invitation to join the 10-member airline grouping SkyTeam. The SkyTeam comprisers members like Air France, KLM, Continental, Northwest and Aeroflot. There are others too who together operate more than 14,600 flights daily to 728 destinations in 149 countries.
Chk out my story at http://www.indianairports.com/php/showNews.php?newsid=326&linkid=17
Feb 24, 2007 1:25 PM
They have an exciting new web site coming up shortly. Also customer support quality has been quite good. Not surprising they are the leaders.
Jun 7, 2008 5:40 AM
I AM CONFUSED TO SEE DIFFERENT NEWS IN DIFFERENT MEDIA. SOME SAY “MMT” HAS TURNOVER OF RS 1000 CRORE, SOME GIVE OTHER RESULT. EVEN “MMT” CLAMING TO HAVE 45% (IN THE SAME TIME, IN THIS ARTICLE, THEY CLAIM 55% MARKET SHARE). PLEASE, PLEASE, PLEASE LET THE READER HAVE CORRECT INFORMATION.