Tag Archives: EaseMyTrip

EaseMyTrip makes second acquisition, Spree Hospitality. Prashant Pitti- Co-Founder, EaseMyTrip said, “There is a synergy between EaseMyTrip and Spree Hospitality where we leverage the asset-light model to build a lean and efficient infrastructure. With this acquisition, EaseMyTrip is well-positioned to unlock the market potential of a recovering hospitality sector and quickly scale up the business to meet the evolving needs of the modern traveller”.

EaseMyTrip will be entering into a non-binding agreement offer with Traviate Online Private Limited for the acquisition of the business. This will be the first-ever acquisition by EaseMyTrip that will add a new revenue stream and fast track its expansion in the B2B hotel and holiday space. The consummation of the proposed transaction is expected in 3 months, subject to finalisation of definitive agreements, customary closing conditions and other necessary approvals, as may be required.

In its ongoing effort to strengthen the hospitality and tourism industry, especially in these times of a pandemic, Ministry of Tourism has signed Memorandums of Understanding (MoUs) with Cleartrip and EaseMyTrip. The tourism ministry says that more such MoUs will follow in the near future.

Travelport has announced that it had won a competitive tender process undertaken by Air India for the sole provision of distribution of its domestic flight content. The contract awarded to Travelport will begin to come into effect from November 2018 and be fully implemented by the end of 2019. The agreement confirms Air India’s continued deployment of Travelport Rich Content and Branding, now used by over 270 airlines. This displays airlines’ graphical content, their fares families and a full range of ancillary products. Travelport has seen a rapid expansion in India in recent years following the acquisition of business from the largest online travel agencies like MakeMyTrip, Ibibo, Yatra, EaseMyTrip and ClearTrip as well as working with the major corporate travel agencies and new entrants to the travel sector such as Paytm. Pradeep Singh Kharola, Chairman and Managing Director, Air India, said, “Air India is pleased to award this important contract to Travelport. In written submissions and in discussion with their team, the company demonstrated a clear understanding of our needs and displayed impressive technological and financial capability. As we make the switch to Travelport, we hope to be able to deliver even better value for money and a superior distribution to our customers in India and abroad.” Gordon Wilson, President and CEO, Travelport, commented, “Travelport is delighted to have been selected by Air India to provide these services. It is another welcome endorsement of our technology and our services in India. We look forward to implementing the agreement and delivering a world-class service to the airline.”