InvestorQ : How do you expect the travel and leisure company results this quarter?
Rutuja Nigam made post

How do you expect the travel and leisure company results this quarter?

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4 weeks ago
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Of course, this is the one sector that is likely to take a deep cut as most transport and travel was shut down for over 3 months and even now hotels are complaining of very low levels of occupancy as tourists are averse to coming back so soon for fear of contraction.

How to use a proxy for this trend? One of the dotcom results to substantially reflect the extent of damage caused to the tourism and travel industry in India by the pandemic is ecommerce tourism player, Makemytrip.com. Results have been a major issue.

For the second quarter, Makemytrip.com reported 82% drop in revenues at $21 million while the losses from operating activities touched a whopping $26 million; or more than the revenues itself. This portal offers travel bookings and tourism packages including hotel bookings online.

Tourism and travel being the worst impacted by the pandemic, the company was an obvious loser in the process. Makemytrip.com logically expects that even after the pandemic subsides partially or even fully, the lag effect may linger for much longer and continued to impact the quantity and quality of their business flows.

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