As travel and tourism bounce back, investors of this travel firm mint huge profits

• 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.

Easy Trip Planners, which operates the EaseMyTrip website offering a range of travel-related products and services for end-to-end travel solutions, has become investors’ favorite pick since last year.

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 travel company has already witnessed a significant rise in travel bookings amid the summer period owing to the pent-up demand. Recently, they highlighted that travel sentiment and booking rates are at an all-time high, and travellers are growing more confident to embark on their travels.

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.
Further, the travel services company expects strong demand recovery in the travel and tourism industry. “We have witnessed strong recovery in demand across our segments and are optimistic of the demand scenario going forward on the back of strong tailwinds in terms of revenge travel and recovery in the travel and tourism industry,'' the company said in an investor presentation.

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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