Archive · 14 Aug 2025
India's Travel Boom: 3 OTAs and Investment Strategies
India's travel business is doing great because people have more money and want to travel.
Three companies that help people book trips are doing well: Le Travenues, Yatra, and Easy Trip.
Le Travenues is popular in smaller towns and does well with train tickets.
Yatra is good for businesses and is making more money.
Easy Trip has some challenges but is trying new things.
Each company has its own plan, so investors must choose carefully.
The travel boom means more people are flying and staying in hotels, which helps these businesses.
India's travel sector is experiencing a post-pandemic boom, fueled by rising incomes and demand.
Three online travel agencies (OTAs) - Le Travenues, Yatra, and Easy Trip - are highlighted for investment potential.
Le Travenues leads in train bookings and targets the 'next billion' users, with strong revenue growth.
Yatra focuses on corporate travel, experiencing a financial rebound and projecting strong revenue growth.
Easy Trip faces cost pressures but aims to diversify and expand its corporate business.
- Who
- Le Travenues, Yatra, and Easy Trip.
- What
- Analysis of three online travel agencies (OTAs) in India amid a travel boom.
- When
- FY25 and future projections.
- Where
- India
- Why
- To provide insights into investment opportunities in the growing travel sector.
Opportunity
Risk
Business Strategy
Opportunity
Strong demand across multiple segments and operating leverage.
Risk
Focus on diversification and strategic partnerships.
- Le Travenues Revenue Growth (FY25)
- 39% YoY
- Yatra Revenue Growth (FY25)
- 87% YoY
- Easy Trip Revenue Decline (FY25)
- 0.7% YoY
- Le Travenues P/E Multiple
- 155x
- Yatra P/E Multiple
- 48x
- Easy Trip P/E Multiple
- 29x
- Yatra Corporate Customer Retention
- 97%