Domestic travel demand, according to Rajesh Magow, CEO of MakeMyTrip, India’s largest online travel company, should be back to pre-pandemic levels by the end of September.
Magow also stated that full recovery in international travel would take longer and that by the end of current fiscal year, it would be back to pre-pandemic levels.
In April, MakeMyTrip’s fintech branch, TripMoney, bought a majority share in foreign currency conversion services company BookMyForex, and Magow predicted that BookMyForex will be a “very important” auxiliary product for international travellers.
In a year’s time, Magow anticipates TripMoney, the myPartner platform for travel agencies, and the company’s connection with Amazon Pay to contribute 10-15 percent to the whole business.
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