Ixigo hotel business accelerates expansion, aims to rank among top two businesses within four to five years

On October 19, 2026, Ixigo announced results for the second quarter of fiscal year 2027: revenue up 13% year-on-year to USD 33.8 million, hotel business gross transaction value up 159% year-on-year and hotel revenue up 528%; overall gross transaction value up 22% to USD 559.1 million, adjusted EBITDA down 17% to USD 2.5 million, and the hotel business accounted for only 2.1% of total gross transaction value. The company said more than 86% of hotel bookings came from existing platform users, and 94% of transactions involved tier-2 and tier-3 cities. The next day (October 20), co-founder and group co-CEO Aloke Bajpai said on the earnings call that the hotel business is expected to become the company's largest or second-largest business by GTV within four to five years; hotels currently account for only 2.1% of its GTV, and the company aims to become the largest player serving this hotel segment; about 94% of its transactions involve round trips to tier-2, tier-3 and tier-4 cities, and 90% of trips are by train or bus.