EaseMyTrip expands international presence to Philippines, Thailand, US
''The company has forayed into these new countries, anticipating a huge pent-up global demand for the travel and tourism sector in the coming months,'' EaseMyTrip said in a regulatory filing.
As part of this expansion, the company will launch a localised travel search engine in each global subsidiary to enable the customers in the region to enjoy the value-based services of EaseMyTrip, it added.
''Philippines, Thailand, and the USA represent a significant part of our international holiday package business and we are excited to foray into these markets for this new phase of global expansion,'' EaseMyTrip CEO and Co-Founder Nishant Pitti said.
With a strong pent-up travel demand across the world, the company sees a wider global market open for travel, and it believes that EaseMyTrip is well-poised for explosive growth internationally, he added.
In addition, the company will also explore opportunities with local companies and services across these countries to not only strengthen offerings within these countries but also to enhance the travel experience of their customers who visit these countries, the filing said.
Shares of the company were trading at Rs 608.50 per scrip on BSE, up 11.99 per cent from its previous close.
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