- New business from the largest OTA aims to capture a majority of the booming SME corporate travel segment
- All-round benefits of ‘Choice’ with the traveller, ‘Control’ with the company and ‘Benefits and Savings’ for both
National, 28 August 2017 – MakeMyTrip Limited (Nasdaq: MMYT), India’s leading online travel company, today announced the launch of ‘MyBusiness’ to tap into the growing corporate travel segment in India. As part of this new solution, MyBusiness will provide a convenient, transparent and efficient self-booking tool that employees can use from the same MakeMyTrip app for their business travel. Giving the power of choice in the hands of the traveler, the tool will help keep control in the hands of the company while providing corporate travel benefits and savings for all.
MyBusiness will not only make businesses of any size avail best corporate travel deals but will also bring down friction in the expense process. By introducing the new corporate wallet on MyBusiness, the companies will be able to reduce payment inefficiencies, liabilities and potential corporate card abuse – in turn providing employees and companies greater flexibility. This would be supported via dedicated corporate helpdesks which will be operational 24x7.
Speaking at the launch, Rajesh Magow, co-founder and CEO-India, MakeMyTrip said, “MakeMyTrip has always been an enabler of change in the way Indians travel, our focus and investment in MyBusiness underlines our sense of purpose in changing the way corporate India moves. We have an aggressive plan in place to tap into this fast-growing business travel market by moving complex offline processes to a convenient and efficient online booking experience for employees and employers alike.”
Ranjeet Oak, Chief Business Officer, MakeMyTrip said, “For most organizations, business travel spending is the 2nd largest expense, and the entire process allows certain amount of discrepancies and reimbursement issues later on. SME corporates are contributing to 70% of the flourishing Indian corporate travel business and with MyBusiness, we are empowering the entire ecosystem, by establishing the ‘Choice’ with the traveller, ‘Control’ with the company and ‘Benefits and Savings’ for all.”
As per Global Business Travel Association, with an annual growth of more than 11%, India is thefastest growing business travel market in the world. Driven by factors like growing expansion of organizations, rising income levels, policy and regulatory support by the government authorities, etc. business travel has emerged as one of India’s fastest growing travel sectors.
With growing need of organisations to enable business travel, MyBusiness will be particularly helpful for SMEs that cannot afford to set up a travel desk in office. The self-booking online tool makes it easy to move complex offline processes - approval metrices, travel policies, payment options – online; making travel booking efficient and experience seamless.
In addition to the existing benefits, companies stand to claim GST Credit and save upto 18% of total travel transaction in a clear and transparent manner, making this offering a win-win for all.
The MyBusiness feature is now live and available for bookings on existing MakeMyTrip app on Google Play Store, iOS and desktop.
Some key benefits of MyBusiness are:
For the Employees:
- Free cancellation and modifications in flights & hotel Bookings
- Complimentary in-flight meals & seat selection
- Complimentary hotel upgrades and other add-ons
- Easy and simple expense reporting
For the Corporates:
- GST credit benefits
- Benefits of discounted corporate rates directly leading to savings in travel & expenses budgets
- Free cancellation and modifications in flights & hotel bookings
- Seamless redressal with 24x7 helpdesk
All-round benefits:
- Intelligent reporting system with financial controls
- Digitised approval workflows
- Easy travel policy enforcement
- One-click payment from company’s ‘Travel Wallet’
Claiming GST credit benefits:
- If a corporate books a hotel with MakeMyTrip, then MMT will pass the GST details of the company during the booking to the hotelier
- When the hotel creates the bill, GST details of the company would be incorporated on the invoice which would ensure that the tax charged on the invoice will be uploaded by them against the company’s GST account
- Also, against the convenience fee charged by MMT, the company will be able to claim GST benefits as well
MakeMyTrip Limited is India's leading online travel company. We own and operate well recognized online brands, including MakeMyTrip, goibibo and redbus. Through our primary websites, www.makemytrip.com, www.goibibo.com, www.redbus.in, and mobile platforms, travelers can research, plan and book a wide range of travel services and products in India as well as overseas. Our services and products include air ticketing, hotel and alternative accommodations bookings, holiday planning and packaging, rail ticketing, bus ticketing, car hire and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing.
We provide our customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, over 45,000 hotels, 13,500 alternative accommodation properties in India and more than 500,000 hotels and properties outside India, Indian Railways and all major Indian bus operators.