Core Points - Yatra Online, Inc. will report its second quarter financial results for the period ended September 30, 2025, on November 11, 2025 [1][5] - A conference call to discuss the results will be hosted by the senior management team on November 12, 2025, at 8:00 AM Eastern Standard Time [2][5] - Yatra Online Limited, the Indian subsidiary, will also release its results on November 11, 2025, followed by a conference call on November 12, 2025, at 11:00 AM India Standard Time [2][3] Company Overview - Yatra Online, Inc. is the parent company of Yatra Online Limited, a leading corporate travel services provider in India with over 1,300 large corporate customers [3] - The company offers a wide range of travel services, including domestic and international air travel, hotel bookings, holiday packages, and more, with approximately 80,000 hotels and homestays contracted across 1,500 cities in India [3]

Expanding into hotel bookings should help Airbnb attract business travellers and plug gaps in city centres. Already there are said to be 95,000 hotels with at least one review on the platform https://t.co/Pz0HrxTbDk ...

Core Insights - MakeMyTrip has shifted its focus from air ticket bookings to hotels and homestays, building a significant inventory of 95,000 accommodations across India, which allows it to cater to travelers venturing into less populated areas [3][6][21] - The hotel sector is crucial for MakeMyTrip's future growth, with hotels offering higher margins compared to air ticket bookings, and the company aims to become a comprehensive travel platform [5][6][14] - MakeMyTrip commands a dominant market share of 55.3% in the online travel agency (OTA) space, significantly outpacing competitors like Cleartrip and iXigo [11][8] Market Overview - The gross booking value (GBV) for India's air market is projected at $27.5 billion for 2023-24, with hotels and rail at $14.6 billion and $8.5 billion respectively, indicating a robust travel market [4] - The hotel sector has substantial growth potential, with only 27% of the total hotel GBV sourced through online channels, highlighting a fragmented industry [21][22] Competitive Landscape - MakeMyTrip faces increasing competition in the hotel segment, exemplified by Prosus acquiring a 15% stake in rival iXigo, which plans to expand its hotel offerings [5][6] - The company has executed a $3.1 billion share buyback to reduce the influence of Trip.com, its largest shareholder, which has decreased its stake from over 45% to between 16.90% and 19.99% [8] Financial Performance - MakeMyTrip is nearing $1 billion in revenue, with a 25% growth in topline for 2024-25, and is on track to cross $10 billion in GBV this fiscal year [8][14] - The adjusted margins for the hotel and package segment have become the largest contributor to profitability, accounting for 42.7% compared to the air category's 38.9% [14][15] Strategic Initiatives - The company is investing in technology and support systems to enhance its homestays and vacation rentals business, which is currently about 10% of its daily business-to-consumer volumes [35][36] - MakeMyTrip is focusing on quality control and customer service by providing dedicated account managers to homestay operators, ensuring accurate listings and customer support [31][35] Challenges and Risks - MakeMyTrip faces challenges in scaling its supply, maintaining quality across a fragmented hotel market, and navigating technological disruptions from competitors [37][39] - The company has been fined for unfair business practices related to price parity clauses, which could impact its relationships with hotel partners [41][42]

Core Insights - An online travel portal has launched its Diwali sale named 'Travel Utsav Sale' from October 7 to October 14, offering discounts on various travel services [1] Discounts and Offers - The Travel Utsav Sale includes attractive offers on flights, hotels, buses, cab bookings, and holiday packages [1] - Customers can access these offers using the promo code 'EMTUTSAV' on the EaseMyTrip mobile app or website [2] - Special festive discounts are available for bookings made with specific credit cards including BOBCARD, RBL Bank, Yes Bank, AU Small Finance Bank, Punjab National Bank, IDBI Bank, and Axis Bank Credit Card EMI [3] Partnerships - The sale features partnerships with several airlines such as Air Astana, Air Canada, Air France, Air India Express, Air India, Akasa Air, British Airways, American Airlines, Cathay Pacific, SWISS, UA Airlines, and Virgin Atlantic [4] - Hotels offering discounted rates include Sterling, Starlit, WelcomHeritage, Pride, Club Mahindra, Byke, Justa, Fern, Ginger, Vits, Sayaji, AM Kollection, Cygnett, Amritara, Neemrana, Bloom, Zone by The Park, Spree, One Earth, Suba Group, Lords, The Clarks, Royal Orchid, OTHPL, Clarks Collection, Le Roi, Renest, Treehouse, Citrus Prime, Brij, OYO, ITC, Shrigo, FAB & Hosteller [5] Company Philosophy - The Chief Strategy Officer of EaseMyTrip emphasized the importance of travel in creating cherished memories during festivals [6]

Core Insights - Revolut is exploring a dual listing in London and New York, potentially valuing the company at around $75 billion, which would position it among the most valuable companies on the London Stock Exchange [1][7] - If successful, Revolut would become the first company to simultaneously join the FTSE 100 index in London while listing in New York, with a market cap equivalent to £55 billion, ranking it among the top 15 listed firms in the UK [2][7] Company Background - Founded by Nik Storonsky, Revolut has transformed from a travel-focused prepaid card provider into Europe's most valuable private fintech, offering services such as crypto trading, hotel bookings, and business accounts, serving 65 million users globally, including 12 million in the UK [3] - Despite previous criticisms of London's listing environment, Storonsky has shown openness to a UK listing if conditions improve [3] Regulatory Environment - Recent regulatory changes allow companies like Revolut to be fast-tracked into the FTSE 100 within five days, facilitating index-tracking fund participation in IPOs [4] - Political support has been evident, with UK Chancellor Rachel Reeves promoting Britain as "the best place to do business" during the launch of Revolut's new headquarters [4] Industry Context - The momentum for crypto-related public offerings is increasing, as seen with BitGo's recent IPO filing, indicating a growing interest in digital asset companies going public [6]

Core Insights - Revolut, one of Europe's most valuable startups, is considering a dual listing in London and New York for its initial public offering (IPO), which could be a significant event for both markets [1] - The company is currently valued at approximately $75 billion and has a global user base of 65 million, with 12 million users in the U.K. [2] - CEO Nik Storonsky has previously been hesitant about a London listing due to the 0.5% stamp duty on share trading, but recent regulatory changes may influence this decision [3] Company Overview - Revolut started as a travel-focused prepaid card and has diversified into stock and crypto trading, hotel bookings, and business accounts [2] - The firm has raised a total of $3.77 billion since its inception and was aiming to raise $1 billion at a $65 billion valuation earlier this year [2] Regulatory Environment - New rules introduced this month allow large firms to enter the FTSE 100 within just five days of listing, potentially increasing demand from index-tracking funds and enhancing liquidity [3] - The recent opening of Revolut's new headquarters in London was attended by notable figures, indicating the company's commitment to the U.K. market [4]

Core Insights - Meituan is a leading Chinese e-commerce platform specializing in on-demand local life services, including food delivery, in-store dining, and hotel bookings, with a market capitalization of approximately US$107.57 billion [1] Performance Rankings - Meituan achieved a Profitable Growth rank of 1, maintaining its top position compared to the previous period, indicating world-class performance among 970 large consumer discretionary companies globally [5] - The Profitability rank of 1 remained unchanged from the prior period, reflecting consistent world-class performance compared to peers [5] - The Growth rank of 1 also stayed the same as the previous period, further underscoring Meituan's world-class standing in the industry [5]

Core Insights - Hotels are increasingly utilizing social media platforms like Facebook, Instagram, YouTube, and TikTok not just for branding but as direct booking engines, transforming casual browsers into paying guests [1] - The hospitality sector views social media as essential for marketing and fostering long-term customer loyalty, leading to investments in content strategies that highlight authentic guest experiences and unique amenities [2] - The competitive landscape in the travel market necessitates a shift towards social-driven bookings, with success hinging on effective digital storytelling and community-building [3] Group 1 - Hotels are leveraging social media to capture traveler attention and drive direct bookings [1] - Social media is now seen as integral to cultivating customer loyalty, with a focus on authentic content and two-way communication [2] - The shift towards social-driven bookings is a competitive imperative for hotels, making social media central to growth strategies [3]

Travel & Lifestyle - EnTravel.com 提供高达 40% 的酒店预订折扣 [1] - 通过 Bitget Wallet 付款可额外享受 4% 的折扣 [1] Event - 推广 Token2049 活动的旅行预订优惠 [1]