Insight
Travelers in India are increasingly switching transport modes and destinations due to flight price increases and capacity constraints.
MakeMyTrip: Hotel Growth Offsets Decline in Air Travel; New IPO Details
Summary
MakeMyTrip reports a 2% decline in air travel in India but no drop in overall travel. Instead, travelers are shifting to short-haul, drivable vacations and luxury bus/cab services, growing 30-40%. This indicates a potential shift in travel preferences away from flights.
Key takeaway