MakeMyTrip Reports Record $10.4B Bookings Amid Travel Challenges

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AuthorVihaan Mehta|Published at:
MakeMyTrip Reports Record $10.4B Bookings Amid Travel Challenges
Overview

Online travel company MakeMyTrip achieved a record $10.4 billion in gross bookings for fiscal year 2026. Despite market challenges affecting travel, the company saw double-digit growth, surpassing the $10 billion mark. CEO Rajesh Magow noted strong performance in air ticketing, hotels, packages, and especially bus ticketing.

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MakeMyTrip Achieves Record Bookings

Online travel platform MakeMyTrip (MMT) reported a record $10.4 billion in gross bookings for fiscal year 2026. This figure marks a 10.4% year-on-year increase in constant currency, achieved despite a challenging market environment affected by various external events.

Growth Across Segments

Rajesh Magow, Group Chief Executive Officer of MakeMyTrip, stated that the company solidified its position as a leading travel platform by crossing the $10 billion gross bookings milestone. He highlighted encouraging double-digit, year-on-year growth in adjusted margins across all major segments in constant currency.

For the full fiscal year 2026, revenue increased by 10.7% year-on-year in constant currency. The company noted particularly strong growth in adjusted margins within its key areas. Air ticketing saw a 13.4% increase, hotels and packages grew by 15.7%, and bus ticketing experienced a significant surge of 29.3%. Magow credited the overall performance to strong contributions from bus ticketing, followed by hotels and packages, and then air ticketing.

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