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Business Standard
5 days ago
- Business
- Business Standard
Ixigo zooms 51% in 1 month, hits new high. What's driving OTA stock price?
Le Travenues Technology share price today Shares of Le Travenues Technology (Ixigo) hit an all-time high at ₹263, surging 10 per cent on the BSE in Tuesday's intra-day trade backed by heavy volumes. The stock price of the online travel agency (OTA) company surpassed its previous high of ₹246.60 touched on August 5, 2025. In the past one month, Ixigo has outperformed the market by soaring 51 per cent, as compared to 2.3 per cent decline in the BSE Sensex. The stock price of the company has more-than-doubled or zoomed 122 per cent from its 52-week low of ₹121.70 touched on April 7, 2025. At 12:33 PM; Ixigo was trading 6 per cent higher at ₹252.20, as compared to 0.10 per cent rise in the BSE Sensex. A combined 15.1 million shares changed hands on the NSE (14.3 million) and BSE (0.81 million). What's driving Ixigo stock price? Ixigo kicked off the financial year 2025-26 (FY26) with a strong momentum, delivering rapid growth across key metrics and verticals. Revenue from operations rose by 73 per cent year-on-year (Y-o-Y) to ₹314.5 crore, while Gross Transaction Value (GTV) increased by 55 per cent Y-o-Y. Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 69 per cent Y-o-Y to ₹32.5 crore. Profit before share of loss of an associate, exceptional items, and tax grew 76 per cent Y-o-Y to ₹28.7 crore in Q1FY26, reflecting continued operational strength and scalability, the company said. Ixigo is an OTA platform which is focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. The company's vision is to become the most customer-centric travel company, by offering the best customer experience to users. Analysts believe that Ixigo has a scope of business improvement on the back of industry tailwinds, brand recall and business scalability, resulting in expansion of profitability. Meanwhile, the Indian tourism industry has exhibited a robust recovery, driven by a combination of domestic travel resurgence and increasing international tourist arrivals. The government's initiatives, such as the Dekho Apna Desh campaign and the development of tourism infrastructure under the Swadesh Darshan and PRASHAD schemes, have further bolstered this growth. Mobile apps have become a crucial platform for travel bookings, with many leading Indian travel firms offering user-friendly apps that facilitate on the-go ticket and accommodation reservations. The number of affordable smartphone users is expected to reach 1 billion by 2026, as reported by the Telecom Regulatory Authority of India (TRAI). Combined with high-speed internet connectivity, this growth is anticipated to further boost the online tourism industry. The rapid adoption of Unified Payments Interface (UPI) and other digital payment methods has made online payments more convenient and reliable, shifting travel bookings from offline to online platforms. About Ixigo Ixigo (Le Travenues Technology Limited) is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. Ixigo assists travellers in making smarter travel decisions by leveraging artificial intelligence. The Ixigo, ConfirmTkt and AbhiBus apps allow travellers to book train tickets, flight tickets, bus tickets, hotels, and cabs, and provide travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information.
News18
21-07-2025
- News18
Here's How Travel Assistance Services Are Shaping The Future Of Tourism In India
Last Updated: While modern travellers are driven by wanderlust, they still look for security and convenience, along with creating memories. This is where travel assistance services come in. India's travel landscape is expanding rapidly, with domestic wanderlust and international curiosity fueling a tourism boom. From government campaigns like Dekho Apna Desh to the enduring charm of Incredible India, the desire to explore the country is stronger than ever. But the sheer scale and complexity of India, its languages, geographies, transport systems, and cultural nuances can turn even the most enthusiastic traveller's journey into a logistical maze. That's where smart travel assistance services step in, not as a luxury, but as an essential piece of India's tourism puzzle. 'The concept of travel has changed. The travellers of today do not only want to have memorable experiences but also convenience, security, and on-time assistance," says Harish Khatri, Founder & MD of India Assist. 'Whether they need to manage sudden emergencies or transfer lost belongings, unexpected health problems, or unfamiliar city navigation, the modern travel requirements go beyond itineraries and booking websites." The Rise Of Real-Time Help Modern travellers expect more than just convenience. Assistance services, today, provide more than maps and helplines. They offer emergency aid, local insights, lost-and-found recovery, health support, and logistical backup, all through intuitive tech platforms. 'It's not about waiting for problems to arise. It's about being prepared and empowered throughout the journey," Khatri notes. This proactive model of support resonates particularly with solo travellers, elderly tourists, women adventurers, and even first-time visitors to India. Beyond individual benefit, assistance services are shaping a more responsible and robust travel ecosystem. These services create verified job networks, encourage better stakeholder accountability, and foster a deeper sense of trust between the traveler and the destination. 'Smart assistance is laying the foundation for safe, inclusive, and accountable travel experiences. It elevates the way people perceive India: from chaotic and complex to cared for and connected," says Khatri. The travel ecosystem at large echoes this sentiment. According to Jyoti Mayal, Chairperson of the Travel and Hospitality Skill Council (THSC): 'In a nation as multicultural and dynamic as India, intelligent assistance is the connecting link between curiosity and comfort. These technologies aren't just conveniences – they are imperatives for personalized, secure, and scalable tourism." Powered By Tech, Grounded In Human Touch India's charm lies in its unpredictability, but that shouldn't mean unpreparedness. The future of travel lies in systems that anticipate needs and respond before panic sets in. From GPS-enabled tracking to multilingual support and digital concierge services, smart travel merges technology with empathy. 'Authentic travel freedom means knowing you're never truly alone on the journey. We're not replacing instinct, we're enhancing it." Khatri emphasises. Deepak Dhayal, Founder & CEO of Kinghills Travels, adds, 'The future of travel is smart, social, and deeply personalized. Tech-driven group travel and real-time support make it easier than ever to explore India safely, affordably, and with like-minded adventurers. It's travel with peace of mind and purpose." As India marches forward as a global tourism force, assistance services are no longer optional – they're fundamental. They're building a smarter, safer, more seamless way to experience the vast richness of India. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
03-07-2025
- Time of India
Bharat Gaurav train to stop at Sitamarhi & Buxar during Shri Ramayana Yatra
Patna: Bharat Gaurav Tourist Train, which is all set to begin its journey on Shri Ramayana Yatra circuit from Safdarjung railway station in Delhi on July 25, will make stoppages at Sitamarhi — considered Devi Sita's birth place — and Buxar in Bihar, before reaching Janakpur in neighbouring Nepal. The fully air-conditioned (AC) train will cover approximately 7,600 kilometres, also stopping at Ayodhya, Varanasi, Prayagraj, Chitrakoot, Nasik, Hampi and Rameshwaram among others over the next 17 days under the central govt's 'Dekho Apna Desh' and 'Ek Bharat Shreshtha Bharat' missions. According to East Central Railway's chief public relations officer Saraswati Chandra, the train will accommodate 150 tourists in AC-1, 2 and 3 coaches. The all-inclusive package fare is fixed at Rs 1,66,380 for AC 1, Rs 1,40,120 for AC 2 and Rs 1,17,975 for AC 3 per person. However, the fare for an AC-1 coupé will be Rs 1,79,515, he said. The spiritual journey will take pilgrims across significant locations linked to the life of Lord Ram, with an aim to promote unity through tourism by connecting diverse regions and cultural landmarks of the country. The CPRO said that the tour package will include vegetarian meals, hotel accommodations, sightseeing and road transport wherever required. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Upto 15% Discount for Salaried Individuals ICICI Pru Life Insurance Plan Get Quote Undo In addition, the tourist train coaches will be equipped with CCTV cameras and onboard security personnel to ensure the safety and comfort of passengers. The IRCTC will also provide healthcare facilities for passengers onboard. Interested people can book their berths through the IRCTC website or contact mobile numbers - 8595931047, 8287930299, 8882826357 and 8287930032 for more details, the CPRO said. Patna: Bharat Gaurav Tourist Train, which is all set to begin its journey on Shri Ramayana Yatra circuit from Safdarjung railway station in Delhi on July 25, will make stoppages at Sitamarhi — considered Devi Sita's birth place — and Buxar in Bihar, before reaching Janakpur in neighbouring Nepal. The fully air-conditioned (AC) train will cover approximately 7,600 kilometres, also stopping at Ayodhya, Varanasi, Prayagraj, Chitrakoot, Nasik, Hampi and Rameshwaram among others over the next 17 days under the central govt's 'Dekho Apna Desh' and 'Ek Bharat Shreshtha Bharat' missions. According to East Central Railway's chief public relations officer Saraswati Chandra, the train will accommodate 150 tourists in AC-1, 2 and 3 coaches. The all-inclusive package fare is fixed at Rs 1,66,380 for AC 1, Rs 1,40,120 for AC 2 and Rs 1,17,975 for AC 3 per person. However, the fare for an AC-1 coupé will be Rs 1,79,515, he said. The spiritual journey will take pilgrims across significant locations linked to the life of Lord Ram, with an aim to promote unity through tourism by connecting diverse regions and cultural landmarks of the country. The CPRO said that the tour package will include vegetarian meals, hotel accommodations, sightseeing and road transport wherever required. In addition, the tourist train coaches will be equipped with CCTV cameras and onboard security personnel to ensure the safety and comfort of passengers. The IRCTC will also provide healthcare facilities for passengers onboard. Interested people can book their berths through the IRCTC website or contact mobile numbers - 8595931047, 8287930299, 8882826357 and 8287930032 for more details, the CPRO said.
Skift
24-06-2025
- Business
- Skift
India's Tourism Market Set to Hit $38 Billion by 2033: What's Fueling the Surge?
India's travel market is no longer a story waiting to be, it is booming now and the strong growth is expected to sustain. Global brands are aware of it as they race to make the most of this opportunity. The market size of India's travel and tourism industry is expected to reach $38.12 billion by 2033, according to projections by market research company IMARC Group. In 2024, this figure was $22.47 billion, it said. 'India's travel and tourism market is expanding due to strategic government initiatives that enhance domestic tourism and infrastructure,' the research firm said. It highlighted schemes such as Dekho Apna Desh (Explore your country), the PRASHAD scheme (Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive), and Swadesh Darshan initiatives. 'These initiatives collectively enhance tourist experiences, promote local economies, and drive India's travel and tourism market growth. India's tourism sector witnessed remarkable progress, driven by policy reforms and large-scale promotional efforts,' it added. Factors Driving The Growth: A combination of socio-economic, technological, and policy factors are driving the growth of India's travel story, according to IMARC. Improving disposable incomes and a growing middle class, along with growing aspirations for experiences are leading to a rise in domestic as well as international travel among Indians. It added that rapid growth in the aviation infrastructure including new airports, regional connectivity schemes, and increasing number of low-cost airlines is improving access to travel in urban and rural areas. Further, the rise of online travel platforms for booking travel, accommodations and experiences is making travel convenient. There is also an increased awareness around niche segments such as wellness tourism, adventure travel, cultural heritage, and experiential stays, which is creating new sources of demand and lengthening the chain of tourism value, the research added. Social media and influencer advertising is further adding fuel to drive travel inspiration. India's Potential: India is a key focus for travel players across the globe. In March, Riyadh Air CEO Tony Douglas told Skift that India has long been a crucial part of Riyadh Air's network planning ahead of its operations launch. Global hotel giant Marriott has repeatedly spoken about India's increasing importance in its global expansion plans. It expects India to become its third-largest market. That's why last month, the hospitality group launched a new global midscale and upscale brand Series by Marriott and made India its debut market. This was accompanied by Marriott's first direct investment in Indian hotel industry with a 'small equity investment' in Concept Hospitality. Earlier this month, Emirates President Tim Clark once again spoke out about India's bilateral air service agreements, seeking more capacity rights to operate in India. For global online travel platform India is among the biggest growth opportunities, Laura Houldsworth, managing director and vice president for APAC at told Skift earlier this year. 'All eyes are on India right now for the opportunity size and knowing that travel spend is going to increase exponentially over the next few years,' she said. After International Routes, Air India Cuts Narrowbody Network Full-service airline Air India Sunday announced a temporary reduction of close to 5% to its overall narrowbody network. The decision comes days after the carrier temporarily scaled back widebody operations by 15%. 'This voluntary decision leads to the temporary suspension of Air India's services on three routes and reduction of frequency on 19 routes,' the airline said on Sunday, adding that these changes will remain in place at least until July 15. Daily flights on the Bengaluru-Singapore, Pune-Singapore, and Mumbai-Bagdogra have been paused for now. The reductions include metro routes such as: Delhi-Bengaluru down from 116 flights a week to 113 Delhi-Mumbai from 176 weekly flights to 165 Delhi-Kolkata cut from 70 flights a week to 63 Delhi-Hyderabad down from 84 times a week to 76 Mumbai-Bengaluru from 91 weekly flights to 84 Mumbai-Kolkata from 42 flights a week to 30 Mumbai-Hyderabad reduced from 63 times a week to 59 Apart from these, services have also been reduced on Bengaluru-Chandigarh, Delhi-Goa (Dabolim and Mopa), Delhi-Coimbatore, Delhi-Indore, Delhi-Lucknow, Delhi-Pune, Mumbai-Ahmedabad, Mumbai-Coimbatore, Mumbai-Kochi, Mumbai-Goa (Dabolim), and Mumbai-Varanasi routes. According to Air India, these reductions will allow the carrier to strengthen its operational stability across its network. 'Despite these temporary reductions, Air India will continue to operate close to 600 daily flights with its narrowbody aircraft on 120 domestic and short-haul international routes,' it said. The airline has been making operational changes after a London Gatwick-bound Air India flight was involved in a fatal crash in Ahmedabad on June 12, killing 241 of 242 passengers and crew members onboard. Disruptions in global airspace due to mounting tensions in the Middle East is also posing a challenge for the airline. On Saturday, India's aviation regulator Directorate General of Civil Aviation (DGCA) ordered Air India to remove three senior employees from crew scheduling duties. It cited previous violations of pilot rest and licensing rules as the reason for the order. This action was not directly related to the crash, but it brought Air India under additional scrutiny. The DGCA said multiple violations were discovered after Air India switched its internal crew scheduling software last year. Ixigo Gets $11 Million From Schroder Fund Asset management company Schroder International Selection Fund has made an investment in online travel agency Ixigo, Skift reported on Friday. Through a block deal investment, the financial institution acquired a 1.38% stake in Ixigo, the online travel agency said in a statement. On Thursday, Ixigo shareholder Elevation capital sold 7.5 million shares in a block deal for about INR 1.35 billion ($15.7 million). Schroder acquired nearly 5.37 million shares for INR 969 million ($11.2 million). Even with the block deal, Elevation Capital still holds 12.08% in Ixigo. According to Ixigo, Elevation got a 2500% return on its latest partial exit. Schroder manages assets worth over US$950 billion, bringing significant institutional heft to ixigo's cap table, the online travel agency said. In the 2025 fiscal year, Ixigo reported a profit of INR 602.52 million (approximately $7 million), while its total revenue went up 39% to INR 9.14 billion ($105.5 million). Its market capitalization as of Thursday was also up 39% year-on-year to INR 68.85 billion ($794.9 million). IndiGo Announces Flights From Hindon Airport in Delhi-NCR Indian airline IndiGo has announced its operations from the Hindon airport in the Delhi national capital region (Delhi-NCR). Starting next month, the airline will commence flights to eight cities from the airport - Ahmedabad, Bengaluru, Chennai, Indore, Kolkata, Mumbai, Patna, and Varanasi. With this, IndiGo will now operate from two airports in the national capital region. Hindon also marks the airline's 93rd domestic destination. At present, IndiGo operates more than 1,500 weekly departures from Delhi's Indira Gandhi International Airport. The Hindon airport in Uttar Pradesh is located in Ghaziabad providing connectivity for residents of Ghaziabad, East Delhi, and Western Uttar Pradesh. 'Our expansion into Hindon is a strategic move offering an additional gateway for millions in the wider catchment area,' said Vinay Malhotra, head of global sales at IndiGo. 'With over 70 weekly departures to eight key cities, our endeavor is to increase travel convenience, drive business mobility and foster economic growth,' he added. The airline is also set to launch operations from the upcoming Jewar airport in Noida in Delhi-NCR. This move will allow IndiGo to manage operations in all three airports in and near the national capital. Hilton Debuts Hilton Garden Inn Brand in Mumbai Global hotel chain Hilton has opened Hilton Garden Inn Mumbai International Airport. The 140-key hotel marks the brand's debut in Mumbai. 'Mumbai has long been an important hub for Hilton, and the debut of our focused service brand in Mumbai is designed to cater to the rising expectations of travelers in the city. This opening marks another step in our strategic growth journey,' said Zubin Saxena, senior vice president and regional head, South Asia, Hilton. Last month, Christopher Nassetta, Hilton president and CEO said that the company plans to grow its presence in India by 10 times over the next 10 years. 'There's no market with more opportunity and higher growth than India,' he said, adding, 'What's been happening in the hospitality market in India over the last 20 years and what will happen in the next 20, there's no other market that has more opportunity.' Royal Jordanian Launches Ammam-Mumbai Direct Flights Royal Jordanian Airlines last week launched a new direct route connecting Ammam's Queen Alia International Airport with the Chhatrapati Shivaji Maharaj International Airport in Mumbai. The service, which commenced on Thursday, is set to operate year-round four times a week. 'This strategic addition strengthens connectivity between India and Jordan and offers seamless onward travel to over 50 destinations across the Middle East, Gulf, and North Africa,' the airline said in a statement. The country is looking to increase the number of visitors from across the world, including India. In 2023, around 80,000 Indians visited Jordan, and by adding direct connectivity, the country is looking to double this figure.
