MakeMyTrip sees Ibibo as key to capturing offline-to-online shift

MakeMyTrip co-founder and India CEO Rajesh Magow believes that its recent merger with Ibibo Group will create a business capable of dominating all aspects of the Indian online travel market.

The deal structure left many in the market confused – MakeMyTrip owns 60% of the combined business (which gives Ctrip a 10% in the business). Ibibo Group’s was 91% owned by South Africa’s Naspers and 9% by China’s Tencent and has 40% of the combined business.

The above is an extract of the original article available at: www.tnooz.com

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About RezNext

RezNext is the world’s only true Real-Time Distribution Management Solution provider. It empowers hotels to adopt a distribution strategy that simplifies the complex global distribution environment and makes it understandable and manageable. It is integrated with revenue management, operating intelligence and powered with reputation management insights. RezNext’s portfolio of offerings include Rate & Channel Manager, Revenue Management, Online Reputation Management, Website Designing and Web Booking Engine, Mobile solutions, Central Reservation System, Business Intelligence, Property Management System (PMS) two-way connect, GDS and OTA Interface and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.
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