Sounds like they are cutting pricing to maintain market share as the growth toward online booking of hotels is really strong. I'm willing to hold this I think. Fact is only 7% of hotel bookings are online and they have a 40% market share, per the call this morning.
"Flipkart in advanced talks with MakeMyTrip to launch a ticketing platform"
By Aditi Shrivastava, ET Bureau | 15 Jul, 2015, 06.32AM IST
Flipkart is in advanced talks with MakeMyTrip to launch a ticketing platform, the online retailer's push into services as part of efforts to grow into a onestop shop for a range of offerings by the end of this year.
"We are planning to integrate ticketing powered by MakeMyTrip on the Flipkart marketplace, which means that a customer will be able to book air and rail tickets from the Flipkart platform," said a senior employee at Flipkart who is privy to the company's plans.
Flipkart declined to comment and MakeMyTrip, which is listed on the Nasdaq stock exchange, did not reply to emails from ET.
I think the key is probably to look at total transactions as that shows how much growth there is. I'm looking at air ticketing transactions up 36% y-o-y, hotels and packages up 59%. Revenue less service cost for hotels and packages were up 57% y-o-y. That's pretty tremendous growth