MakeMyTrip Ltd. (NASDAQ: MMYT) Investor Presentation May 2025 Safe Harbour This presentation contains certain statements concerning MakeMyTrip's (MMYT) future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the MMYT's current expectations, assumptions, estimates and projections about MMYT and its industry. These forward-looking statements are subject to variou ...

去哪儿大数据研究院研究员肖鹏表示："尽管今年端午不是旅游旺季，但高铁网络扩展了美食半径，更 多旅客能到原产地品尝美食；民俗活化提升文化质感，与之相关的景区也获得旅客青睐。中国传统节日 正以更丰富的维度满足人们对文旅消费的深层期待。" （文章来源：新华财经） 端午假期热门目的地为北京、南京、杭州、上海、成都、青岛、福州、伊犁、长沙、重庆。从价格来 看，今年端午多个城市舒适型（3星）酒店价格在300元以下，汕头、开封、淄博、洛阳、常州、徐州、 柳州等城市，价格与淡季持平。 "追逐时令美食"成为出行新动力。去哪儿数据显示，在小龙虾、鲅鱼、杨梅酒等时令美食吸引下，前往 潜江、荆州、青岛、宁波、舟山等城市的火车票预约量同比增长明显，酒店预订量同比增长超过三成， 且仍在持续增长。 民俗体验依旧成为今年端午文旅消费的核心亮点。去哪儿数据显示，近一周（5月10日-16日）"端 午"、"龙舟"、"粽子"等关键词搜索量环比上月增长220%，"古镇"搜索量环比上月增长150%。 新华财经南京5月16日电（记者朱程）16日，去哪儿公布端午大数据预测报告显示，由于距离"五一"较 近，今年端午或将是个"不贵不挤"的小假期，旅游市场呈现出 ...

Financial Data and Key Metrics Changes - The company recorded a gross booking value of $9.8 billion for the year, with a year-on-year growth rate of 25.9% in constant currency terms [6] - Adjusted operating profit reached an all-time high of $167.3 million, reflecting a year-on-year growth of 34.7% [6][25] - For Q4, gross booking value growth accelerated to 30.4% year-on-year in constant currency terms, while adjusted operating profit grew at a rate of 37.9% year-on-year [6][27] Business Line Data and Key Metrics Changes - The international air ticketing revenue grew by over 33% year-on-year, significantly outpacing industry growth [9] - The international hotels revenue grew by over 65% year-on-year, making it one of the fastest-growing segments [9] - The accommodation business, including hotels and packages, saw a gross booking value growth of 27.7% year-on-year in Q4 [11] Market Data and Key Metrics Changes - The international business now contributes 25% to overall revenue, up from 22% in the previous fiscal year [10] - Domestic departures crossed pre-pandemic levels, while international departures grew by 18.5% year-on-year [10] - The online penetration in international air ticketing is steadily increasing, aiding gross booking value growth [10] Company Strategy and Development Direction - The company is focused on enhancing user experience through generative AI, with features like trip planning chatbots and AI-driven support for booking changes [8][9] - The strategy includes expanding into underpenetrated international outbound markets and strengthening product propositions [9] - The company aims to maintain a marketing spend around 5% of gross booking value while investing in ancillary travel services and geographic expansion [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recovering lost momentum following recent geopolitical disruptions, emphasizing collaboration with airline and hotel partners [22] - The company remains focused on driving growth in the twenties and does not foresee a slowdown in growth trajectory [39][40] - Management highlighted the importance of agility in responding to macroeconomic changes and maintaining a strong execution strategy [21][22] Other Important Information - The company has a capital allocation strategy focused on growth initiatives, exploring niche opportunities, and returning value to shareholders through buybacks [30] - The company has deployed approximately $21.7 million in its share repurchase program [31] Q&A Session Summary Question: On selling and marketing expenses - Management plans to maintain marketing expenses around 5% of gross booking value, focusing on driving growth rather than reducing spend [35][36] Question: Industry growth rate outlook - Management aims for growth in the twenties and believes the current trajectory will continue despite temporary challenges [39][40] Question: Competition from generative AI - Management is confident in leveraging their data and technology to stay ahead of potential competition in the AI space [42][44] Question: Competition in the Indian market - Management views the Indian travel market as underpenetrated and believes there is significant room for growth despite current competition [55][59] Question: Margin guidance and buyback strategy - Management aims to stabilize margins in the 1.8% to 2% range and will continue to be opportunistic with buybacks based on market conditions [70][74]

Financial Data and Key Metrics Changes - The company recorded a gross booking value of $9.8 billion for fiscal year 2025, representing a year-on-year growth rate of 25.9% in constant currency terms [6] - Adjusted operating profit reached an all-time high of $167.3 million, with a year-on-year growth of 34.7% [6][27] - For Q4, gross booking value growth accelerated to 30.4% year-on-year in constant currency terms, while adjusted operating profit grew at a rate of 37.9% year-on-year [6][29] Business Line Data and Key Metrics Changes - The international air ticketing revenue grew by over 33% year-on-year, significantly outpacing industry growth [10] - The international hotels revenue grew by over 65% year-on-year, making it one of the fastest-growing segments [10] - The air ticketing business gross booking value grew by 24.3% year-on-year in constant currency terms for Q4 [11] - The hotels and packages business gross booking value grew by 27.7% year-on-year in constant currency terms for Q4 [12] Market Data and Key Metrics Changes - International air ticketing revenue now contributes 25% to overall revenue, up from 22% in fiscal year 2024 [10] - Domestic departures crossed pre-pandemic levels, while international departures grew by 18.5% year-on-year [11] - The online penetration in international air ticketing is steadily increasing, aiding gross booking value growth [11] Company Strategy and Development Direction - The company is focusing on enhancing customer experience through generative AI innovations and a connected trip strategy [8][10] - The introduction of Myra.ai, a trip planning chatbot, aims to simplify trip discovery and booking [7] - The company is targeting the underpenetrated international outbound market as a growth opportunity [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recovering lost momentum following recent geopolitical disruptions [23] - The company remains focused on driving growth in the twenties and does not foresee a slowdown in growth trajectory [40][41] - Management emphasized the importance of agility in responding to macroeconomic changes [24] Other Important Information - The company added over 9 million customers during the year, bringing the lifetime transacted user base to 82 million [6] - The corporate travel business is witnessing strong growth, with active corporate customer counts increasing significantly [22] - The company has deployed approximately $21.7 million in a share repurchase program [33] Q&A Session Summary Question: Selling and marketing expenses strategy - Management plans to maintain marketing expenses around 5% of GMV while investing in ancillary travel services and geographic expansion [36][38] Question: Industry growth rate outlook - The company aims to continue growing faster than the industry, targeting a similar growth trajectory in the coming years despite temporary macro-related impacts [40][41] Question: Competition from generative AI - Management is confident in leveraging their rich data and speed to stay ahead of potential competition in the AI space [44][45] Question: Competition landscape in India - The company views the overall travel market as large with significant headroom for growth, and does not see direct bookings as competition [62][63] Question: Margin guidance and buyback strategy - The company aims to stabilize margins in the 1.8% to 2% range and will continue to be opportunistic with buybacks based on market conditions [72][78]

Expedia Group (EXPE) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Harshit Vaish - SVP of Corporate Development, Strategy & Investor RelationsAriane Gorin - CEOScott Schenkel - CFOJustin post - Managing DirectorNaved Khan - Managing Director - Equity ResearchJed Kelly - Managing Director - Equity Research Conference Call Participants Deepak Mathivanan - Senior Equity Research AnalystTrevor Young - AnalystEric Sheridan - AnalystConor Cunningham - AnalystLee Horowitz - AnalystNone - Anal ...

Expedia Group (EXPE) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 Good day, everyone, and welcome to the Expedia Group Q1 twenty twenty five Financial Results Teleconference. My name is Alex, and I'll be the operator for today's call. For opening remarks, I will turn the call over to SVP, Corporate Development, Strategy and Investor Relations, Harshita Ash to begin. Please go ahead. Speaker1 Good afternoon and welcome to Expedia Group's first quarter twenty twenty five earnings call. I'm pleased ...

四川，这片广袤而神奇的土地，宛如一幅绚丽多彩的画卷，吸引着无数家庭前来探寻。这里有雄伟壮丽的自然风光，九寨沟的碧水蓝天、峨眉山的云雾缭 绕、稻城亚丁的雪山圣湖，每一处都让人仿佛置身于仙境之中； 有深厚悠久的历史文化，三星堆的神秘青铜器、武侯祠的三国风云、杜甫草堂的诗韵墨香，每一处都承载着岁月的记忆；还有令人垂涎欲滴的美食佳肴， 火锅的麻辣鲜香、串串香的热闹过瘾、龙抄手的鲜嫩多汁，每一口都能满足味蕾的极致享受。 对于家庭游来说，四川无疑是一个绝佳的选择。然而，规划一次完美的四川家庭游并非易事。自由行需要花费大量的时间和精力去研究行程、预订酒店、 购买门票，而且可能会因为对当地情况不熟悉而遇到各种麻烦。跟团游虽然省心省力，但市场上的旅游团质量参差不齐，价格也高低不一，让人难以抉 择。别担心，接下来就为大家呈上一份超值的四川家庭游六天五晚当地团路线推荐，让你和家人轻松开启这场欢乐之旅。 金牌导游林子，超值跟团之选 这次四川家庭游，多亏了当地金牌导游林子（ 185 8231 4558，长按复制免费咨询），她让我们的旅程变得无比精彩。林子从事导游工作多年，经验丰 富，对四川的每一个角落都了如指掌。她深知家庭游的特点和需 ...

Core Points - Agoda's hotel booking app displays a price of 2509 yuan per night, but the final payment shows an average of 3234 yuan per night, resulting in a price difference of nearly 29% [1][3][4] - The price discrepancy is attributed to a 15% service fee and a 10% tax, which are only disclosed in small print during the final payment stage [1][6][8] - This lack of transparency in pricing has raised concerns among consumers, especially when compared to domestic OTA platforms that display all-inclusive prices [8][10][12] Pricing Transparency Issues - Consumers have reported that Agoda's pricing structure is misleading, as the initial displayed price does not include additional fees, impacting their travel budget [2][3][8] - In contrast, domestic OTAs like Ctrip and Qunar clearly indicate that their prices include taxes and fees, making it easier for consumers to understand the total cost upfront [10][12] - Agoda's customer service indicated that the pricing display depends on the hotel or supplier's policies, which can lead to inconsistencies across different platforms [12][13] Consumer Behavior and Expectations - Chinese consumers prefer to see a comprehensive price that includes all fees from the beginning, contrasting with practices in other countries where fees are often added later [13][16] - The dynamic pricing model used by Agoda, where different prices may be shown to the same consumer across various platforms, can create confusion and mistrust [13][16] - There is a call for Agoda to align its pricing display practices with local consumer expectations to better serve the Chinese market [16]