MakeMyTrip Q1 revenue rises 16.1% as hotels, buses and Myra 2.0 gain traction

MakeMyTrip reported Q1 FY27 revenue of $285.6 million and gross bookings of about $2.9 billion, despite travel headwinds. Hotels and packages grew 21.3%, bus ticketing rose 32.4%, while AI assistant Myra handled more than 85,000 daily conversations, with over 45% from Tier II and III cities.

— Source publishedMon, 3 Aug, 2026, 19:24 IST·First seen Mon, 3 Aug, 2026, 19:25 IST·Source YourStory

What happened

MakeMyTrip reported Q1 FY27 growth despite travel headwinds, led by hotels, packages and bus ticketing. The OTA also expanded Myra 2.0 conversational booking

Key facts

  • Gross bookings rose 19.9% year-on-year in constant currency to about $2.9 billion
  • Revenue increased 16.1% to $285.6 million
  • Results from operating activities grew 8.3% to $43.7 million
  • Adjusted EBIT was $51.4 million
  • Air ticketing adjusted margin rose 10.8% year-on-year
  • Hotels and packages grew 21.3%
  • Bus ticketing expanded 32.4%
  • Others segment increased 27.2%
  • Myra handled more than 85,000 daily conversations
  • Over 45% of Myra conversations came from Tier II and Tier III cities
  • Myra resolved more than 50% of post-booking flight and hotel queries
  • Myra supports eight Indian languages

Why this matters

MakeMyTrip’s hotel, bus and AI-assistant momentum strengthens its ecosystem position and could make regional supply, mobility and conversational-AI partnerships or acquisitions strategically attractive.

What to watch

  • Myra conversation-to-booking conversion rate, repeat usage and cost-per-contact reduction.
  • Share of hotel/package bookings originating from Tier II and III cities.
  • Hotel room-night growth and take-rate trend versus gross-booking growth.
  • Bus customer cross-sell rate into hotels, packages and other higher-margin categories.
  • Marketing expense, incentives and adjusted operating-margin progression.
  • Airfare inflation, visa/geopolitical disruptions and outbound-travel demand trends.
  • Expand Myra from service assistant to booking, rebooking, itinerary and post-booking sales agent.
  • Prioritize Tier II/III city acquisition with vernacular AI, regional inventory and bus-to-hotel/package conversion offers.
  • Use hotel and package demand data to negotiate deeper exclusive inventory and improve take rates.
  • Increase personalization for repeat travelers, bundling transport, stays, insurance, experiences and payments.
  • Maintain marketing discipline to protect contribution margins if rivals restart aggressive discounting.

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