Ixigo hotel business accelerates expansion, aims to rank among top two businesses within four to five years
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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.
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事件进展
- 10月20日 00:29 · 1reportsIxigo预计酒店业务四五年内成前两大业务Skift Feed：Ixigo expects hotel business to rank among its two largest businesses within four to five years
- 10月19日 08:00 · 1reportsIxigo 2027财年Q2营收增13%PhocusWire All News：Ixigo Q2 revenue up 13%, hotel business accelerates expansion
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- Skift FeedIxigo expects hotel business to rank among its two largest businesses within four to five years
Ixigo co-founder and group co-CEO Aloke Bajpai said on an 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 segment of the hotel market. 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.
- PhocusWire All NewsIxigo Q2 revenue up 13%, hotel business accelerates expansion
Ixigo reported Q2 FY2027 revenue up 13% year-on-year to $33.8 million, with hotel business gross transaction value up 159% year-on-year and hotel revenue up 528%. Overall gross transaction value rose 22% to $559.1 million, adjusted EBITDA fell 17% to $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.