How an Indian online travel portal nearly doubled its profits during a pandemic ...Middle East

Quartz - Economy
How an Indian online travel portal nearly doubled its profits during a pandemic
source : Quartz ( Middle East ) () 27
A 13-year-old online travel agent in India has managed to clock its highest-ever profitability in a pandemic year.EaseMyTrip, India’s second-largest online travel portal, saw its gross booking revenue nearly halve during the year ending March 31. Despite this, the company’s profits grew 86%, it said in a June 15 press release.“This was possible due to increased commission from airlines, increase in operational efficiencies and our model of working on lean cost of operations,” Prashant Pitti, co-founder and executive director of EaseMyTrip, said. The company drastically reduced spending on discounts, marketing and sales promotion, and employee expenses.Read the rest of this story on qz.com. B

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