Leading online travel agency MakeMyTrip’s B2B platform, MyBiz revealed that it is growing much faster than the corporate travel industry and is recovering rapidly after two tough years of Covid-19 pandemic. The company in a statement informed that it has recorded 3x growth over the pre-Covid period.
MyBiz is onboarding large & mid-market corporates; Startups as well as SMEs having recently crossed the 40,000-client user base within four years of its launch. The platform offers a gamut of services including booking domestic and international flights, hotels in India and overseas, train, cabs, bus, forex, visa, MICE events for its corporate clients.
MyBiz currently serves more than 6300 large & mid-market corporates & more than 39,900 SMEs taking the overall client base well past 46,000 mark. Even though the corporate travel market has still not recovered fully, MyBiz has doubled its bookings over last year, and grown more than three times over pre-covid period.
“Our intent to automate the entire travel booking process for corporate travellers, offering a b2c experience on a b2b platform, has started delivering impressive results. The high level of automation adds convenience & transparency, which further leads to valuable savings on travel budget for our corporate clients. We are a young player in the corporate travel segment, yet in a short span we are already the leading OTA in this space. Our tech-first agile approach is solving real problems for customers,” said, Rajesh Magow, Co-Founder & Group CEO, MakeMyTrip. “We have acquired 80 per cent of our newly onboarded corporate clients from incumbents this year, without losing any.”
“The true barometer of our success lies-in how much can we help our customers in efficiently managing their travel budget. Our SME business is adding significantly to our overall business, with a very healthy repeat rate. To grow at this rate, without an on-ground team, is further proof of how our digital approach is in sync with the need of our customers,” highlights, Raj Rishi Singh, Chief Business Officer, MakeMyTrip.
“Our accommodation offering, with a wide variety of 80,000+ hotel & homestay options, has literally changed the b2b travel booking paradigm in the country; in the last two quarters alone, our users have booked hotels in more than 1400 cities across the country using MyBiz. Interestingly, more than 50 per cent of hotel bookings in India happen across tier II/III towns.”
MakeMyTrip targets large, mid, and small enterprises through myBiz and conglomerates and enterprises through Quest2Travel.