LANGLEY, U.K. and GURGAON, India, Aug. 23,
2017 /PRNewswire/ -- MakeMyTrip (NASDAQ: MMYT), India's leading online travel agency (OTA) has
signed an agreement with Travelport's (NYSE: TVPT) distributor for
India, InterGlobe Technology
Quotient (ITQ), for the use of Travelport's Travel Commerce
Platform.
Together with its well-recognized brands, MakeMyTrip, Goibibo
and redBus, MakeMyTrip receives over 33 Million visits via its
Desktop & Mobile-web platforms and serves over 40 Million
Mobile App active users each month.
Under the agreement, MakeMyTrip can expand the use of
Travelport's technology from the Ibibo Group to MakeMyTrip's other
primary distribution channels starting in the second half of
calendar year 2017. MakeMyTrip undertook a strategic
combination with Ibibo Group in January
2017 and acquired its 100% equity interest.
Travelport, working in conjunction with ITQ which operates as
its distributor in India,
Bhutan and Sri Lanka, will make available to MakeMyTrip
its industry leading travel content featuring real time access to
approximately 400 airlines, including the merchandised content of
over half of these carriers such as fares families and ancillary
products (paid seat assignments, baggage fees, priority boarding,
etc). Travelport has pioneered the inclusion of Low Cost Carriers
on its platform for shopping and booking and uniquely went live
with IndiGo in November 2016, which
is now India's largest passenger
airline.
Gordon Wilson, Travelport's
President and CEO, commented, "India is a market with enormous growth
potential where Travelport, working with our distributor ITQ, has
grown in air booking terms by 14% in the first half of 2017 when
the GDS air market has grown by 11%. Securing a partnership with
the leading online travel agency in the market, with a high growth
profile and tremendous track record, gives even further impetus to
our plans in the country. The fact that MakeMyTrip has elected to
work with us is a testament to our investment in leading edge
search, shopping and booking technology alongside the significantly
differentiated travel content now available on our platform for
both the domestic and outbound Indian traveller."
Deep Kalra, Founder, Chairman and Group CEO of MakeMyTrip added,
"This is an exciting time for MakeMyTrip and we are delighted to
partner with Travelport and ITQ as part of our growth strategy in
the service of the travelling Indian consumer."
Anil Parashar, President and CEO of ITQ, said, "MakeMyTrip is a
tremendous partner for us and we are delighted to be building on
the good work we started with Ibibo Group which is now part of the
MakeMyTrip Group. ITQ's investment in local support and
infrastructure for the Travelport platform in the markets in which
we operate has enabled us to provide the sort of service and local
touch, linked to the global capabilities of Travelport, to enable
us to win a customer of this calibre with whom we look forward to
working for many years to come."
About Travelport (www.travelport.com)
Travelport is a Travel Commerce Platform providing distribution,
technology, payment, mobile and other solutions for the global
travel and tourism industry. With a presence in approximately
180 countries, and approximately 4,000 employees, our 2016 net
revenue was over $2.3 billion.
Travelport is comprised of:
- A Travel Commerce Platform through which it facilitates
travel commerce by connecting the world's leading travel providers
with online and offline travel buyers in a proprietary
business-to-business (B2B) travel marketplace. Travelport has
a leadership position in airline merchandising, hotel content and
rate distribution, mobile travel commerce and a pioneering B2B
payment solution that addresses the needs of travel intermediaries
to efficiently and securely settle travel transactions.
- Technology Services through which it provides critical
IT services to airlines, such as shopping, ticketing, departure
control and other solutions, enabling them to focus on their core
business competencies and reduce costs.
Travelport is headquartered in Langley, U.K. The Company
is listed on the New York Stock Exchange and trades under the
symbol "TVPT".
About MakeMyTrip (www.makemytrip.com)
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.
For Travelport media enquiries, please
contact:
Julian Eccles
VP PR and Communications
Tel: + 44 (0)7720 409374
Email: julian.eccles@travelport.com
For Travelport investor enquiries, please
contact:
Majid Nazir
Head of Investor Relations
Tel: + 44 (0)1753 288857
Email: majid.nazir@travelport.com
For MakeMyTrip enquiries, please contact:
Ruchica
Tomar, Director Communications
Tel: +91-9999004623
Email: ruchica.tomar@makemytrip.com
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SOURCE Travelport Worldwide Limited