- Easy Trip Planners has rewarded its investors with four times returns in the last year.
- All thanks to easing Covid-19 restrictions leading to a recovery in travel trends.
- The travel services company expects strong demand recovery in the
travel and tourism industry post easing of travel curbs.
Investors have been rewarded with four times returns in the last year. Shares of the company picked up as travel trends took off after easing in Covid-19 restrictions.
It’s business months for the company as the summer season begins. The
Moreover, the company observes that Himachal, Kashmir, Rajasthan, Goa, Maldives, Thailand, Dubai, US- are the most preferred tourist destinations
On the international front, there has also been a strong growth around destinations such as Dubai, Maldives, Thailand, and the US.
In fact, it sees the online travel market in India doubling over the next five years to reach US$31 billion by FY25, growing at 14% CAGR from FY20 levels.
As of the latest December quarter earnings, the company’s net profit climbed over 16 times as compared to the previous quarter same period.
The 14-year old company claims to be the 2nd largest online travel platform in India with offices across various Indian cities, including Noida, Bengaluru, and Mumbai. Its international offices are in the Philippines, Singapore, Thailand, the UAE, the UK, and the USA.
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