MakeMyTrip (MMT) is entering the experiences market, launching a global tours and activities booking platform for Indian travelers. The India-based online travel agency (OTA) said the platform will offer over 200,000 bookable activities—including sporting events, theme parks, landmarks and cultural experiences—across 1,100 cities in 130 countries.
MMT says this will help outbound Indian travelers by bringing tours and activities to “one seamless interface,” effectively removing friction created by foreign currency pricing and “disjointed planning tools.” Platform users can look for activities and book them ahead of time using Indian rupees, with their bookings added to the “My Trips” section alongside flights and accommodations.
“Experiences account for a significant share of spending when Indians travel overseas, yet discovering and booking them remains one of the most fragmented aspects of the journey,” said Rajesh Magow, MMT co-founder and group CEO.
“Our attempt is to make the discovery and booking experience simple, convenient and personalized like the flight, hotels and ground transport bookings. This launch is a natural addition to our stated vision of being a one-stop shop for all travel booking services, with a delightful experience for customers.”
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The news of the experience platform coincides with the release of MMT’s financial results from the first fiscal quarter of 2026, which were shared on Tuesday.
Gross bookings increased by 12.4% year-over-year, up to $2.61 billion. MMT also reported $268.8 million in revenue during the last quarter, a 5.6% increase from $254.5 million reported during the same period last year. Adjusted operating profit increased to $47.3 million, an increase from $39 million in the first fiscal quarter of 2025, and adjusted net profit increased to $49.4 million, up from $44.5 million.
Multiples lines of business reported upticks in revenue as well, including air ticketing (4.5% increase to $60.1 million) and bus ticketing (32.6% increase to $38.8 million). Revenue from hotels and packages, however, decreased by 3.5% to $141.6 million.
The company said that its growth momentum continued through April, but travel demand was impacted by a terrorist attack in April near Pahalgam, Jammu, and Kashmir, India, and a passenger plane crash in Ahmedabad, India, in June.
“We had a great start to the new fiscal year with growth momentum continuing in April. However, it slowed down in May and June, especially in leisure travel, due to muted consumer sentiment and supply constraints as a result of the geopolitical situation and unfortunate crash of a passenger airplane in India,” Magow said.
“We believe this impact is short-term in nature and our view on the travel sector’s long-term growth prospects in India remains unchanged. Our diversified mix of business and variety of travel and ancillary services helped us navigate these short-term adversities and deliver a strong performance despite the headwinds.”
MMT group chief financial officer Mohit Kabra was optimistic about the company's performance moving forward, pointing to MMT’s year-over-year profit increase.
“This performance underscores the importance of our diversified business portfolio, disciplined financial management and operational agility. Recent domestic air passenger flown numbers indicate that the short-term headwinds of the past quarter are gradually easing out,” he said.