MakeMyTrip Limited, India’s leading online travel company, today announced the launch of ‘MyBusiness’ to tap into the growing corporate travel segment in India. As part of this new solution, MyBusiness will provide a convenient, transparent and efficient self-booking tool that employees can use from the same MakeMyTrip app for their business travel. Giving the power of choice in the hands of the traveler, the tool will help keep control in the hands of the company while providing corporate travel benefits and savings for all.
MyBusiness will not only make businesses of any size avail best corporate travel deals but will also bring down friction in the expense process. By introducing the new corporate wallet on MyBusiness, the companies will be able to reduce payment inefficiencies, liabilities and potential corporate card abuse – in turn providing employees and companies greater flexibility. This would be supported via dedicated corporate helpdesks which will be operational 24×7.
Speaking at the launch, Rajesh Magow, co-founder and CEO-India, MakeMyTrip said, “MakeMyTrip has always been an enabler of change in the way Indians travel, our focus and investment in MyBusiness underlines our sense of purpose in changing the way corporate India moves. We have an aggressive plan in place to tap into this fast-growing business travel market by moving complex offline processes to a convenient and efficient online booking experience for employees and employers alike.”
Ranjeet Oak, Chief Business Officer, MakeMyTrip said, “For most organizations, business travel spending is the 2nd largest expense, and the entire process allows certain amount of discrepancies and reimbursement issues later on. SME corporates are contributing to 70% of the flourishing Indian corporate travel business and with MyBusiness, we are empowering the entire ecosystem, by establishing the ‘Choice’ with the traveller, ‘Control’ with the company and ‘Benefits and Savings’ for all.”
As per Global Business Travel Association, with an annual growth of more than 11%, India is the fastest growing business travel market in the world. Driven by factors like growing expansion of organizations, rising income levels, policy and regulatory support by the government authorities, etc. business travel has emerged as one of India’s fastest growing travel sectors.
With growing need of organisations to enable business travel, MyBusiness will be particularly helpful for SMEs that cannot afford to set up a travel desk in office. The self-booking online tool makes it easy to move complex offline processes – approval metrices, travel policies, payment options – online; making travel booking efficient and experience seamless.
In addition to the existing benefits, companies stand to claim GST Credit and save upto 18% of total travel transaction in a clear and transparent manner, making this offering a win-win for all.
The MyBusiness feature is now live and available for bookings on existing MakeMyTrip app on Google Play Store, iOS and desktop.