MakeMyTrip to cross Rs1,000 cr sales in 2007

MakeMyTrip India, which runs a travel booking portal promoted by a host of US venture capital funds, said on 23 August it expects to touch Rs1000-crore sales in the current year.
“In 2006 sales were Rs500 crore. The growth in travel and leisure remains strong and we will maintain the trend of growth,” co-founder and MakeMyTrip India COO Keyur Joshi said. Online booking is estimated at 10% of the total $20 billion travel and tourism market in the country, he added. The company is in the process of creating facilities for travel booking from mobile phones as an alternate channel for air tickets and hotel booking, Joshi said.
MakeMyTrip has opened physical offices in five locations in India, the first among online travel booking companies, and may expand it footprint in retail hypermakets as well, the company chief said. Talks are also on with Indian Railways to start railway ticket booking through the portal, he added.