Easy Trip Planners , one of India's leading online travel-tech platforms, has launched its much-anticipated 'Travel Utsav Sale' to coincide with the Diwali festivities. Running from October 7 to October 14, the sale offers substantial discounts across a wide range of travel services, including flights, hotels, buses, cabs, and holiday packages.

Discount Highlights

Customers can access these deals by using the promo code 'EMTUTSAV' on the EaseMyTrip app or website.

Banking Partnerships

The company has partnered with several banks to offer additional discounts. Customers using credit cards from BOBCARD, RBL Bank, Yes Bank, AU Small Finance Bank, Punjab National Bank, IDBI Bank, and Axis Bank can enjoy special festive discounts on their bookings.

Extensive Collaborations

Easy Trip Planners has collaborated with over 30 airlines for this sale, including major carriers such as Air India, IndiGo, SpiceJet, Air France, British Airways, Singapore Airlines, and Qatar Airways. In the hospitality sector, the company has partnered with renowned hotel chains like Sterling, Club Mahindra, ITC, OYO, and Royal Orchid, among others.

Additional Offers

As part of the Travel Utsav Sale, customers can also avail exciting partner offers from brands like EazyDiner, Lifelong, Marks & Spencer, IGP, The Man Company, Spykar, and Nasher Miles.

Executive Insight

Mr. Vikash Goyal, Chief Strategy Officer of EaseMyTrip, commented on the sale, stating, "At EaseMyTrip, we believe festivals are about creating cherished memories with loved ones, and travel plays a key role in making those moments truly special. In our Diwali sale, we are offering unbeatable deals across flights, hotels, holiday packages, and more, ensuring every customer can celebrate the festive season with joy and savings."

Market Impact

The launch of this sale comes at a time when the travel industry is seeing a resurgence in demand. Easy Trip Planners Limited saw its shares close at ₹7.99 on the NSE, reflecting investor interest in the travel sector's recovery.

As the festive season approaches, EaseMyTrip's Travel Utsav Sale is positioned to capitalize on the increasing appetite for travel among Indian consumers, potentially boosting the company's market position in the competitive online travel booking space.

Easy Trip Planners , a prominent player in the online travel industry, has received approval to participate in the rights issue of Eco Hotels and Resorts. This strategic move allows the company to engage in the equity fundraising initiative, potentially strengthening its position in the hospitality sector.

Rights Issue Participation

The approval granted to Easy Trip Planners opens up a significant opportunity for the company to invest in Eco Hotels and Resorts through their rights issue. A rights issue is a type of equity fundraising where existing shareholders are given the right to purchase additional shares at a discounted price.

Strategic Implications

This development could have several implications for Easy Trip Planners:

1. Diversification: By participating in the rights issue of Eco Hotels and Resorts, Easy Trip Planners may be looking to diversify its portfolio within the travel and hospitality industry.

2. Strengthening Partnerships: This move might indicate a strengthening relationship between Easy Trip Planners and Eco Hotels and Resorts, potentially leading to future collaborations or synergies.

3. Investment Opportunity: The rights issue participation provides Easy Trip Planners with an opportunity to invest in a company within the hospitality sector, which could complement its existing online travel business.

Market Response

Investors and market analysts will likely be watching closely to see how this development impacts Easy Trip Planners' strategy and financial position. The extent of the company's participation in the rights issue and the potential benefits of this investment will be key factors to consider.

As more details emerge about the rights issue and Easy Trip Planners' level of participation, it will provide further insights into the company's growth strategy and its outlook on the hospitality sector.

Easy Trip Planners' decision to participate in this rights issue reflects the company's proactive approach to exploring opportunities within the broader travel and hospitality ecosystem.