#ixigo

https://img.etimg.com/thumb/msid-122730529,width-1200,height-630,imgsize-3181,overlay-etmarkets/articleshow.jpg Shares of Le Travenues Technology, the parent company of travel platform ixigo, declined 6% to Rs 201.7 on Friday after touching a record high of Rs 215 in intraday trade. The drop follows a sharp 19% surge in the previous session, driven by the company’s strong Q1FY26 earnings. Ixigo…

Traveling opens the mind and refreshes the soul. Even a short trip can bring new experiences, broaden perspectives, and break the routine. It’s a chance to explore, learn, and create memories that last a lifetime.

When it comes to planning a trip in India, ixigo stands out as one of the most reliable and user-friendly travel apps. Whether you're booking a flight, checking train availability, or finding the best bus routes, ixigo has it all in one place. Its powerful features, like real-time train tracking, PNR status updates, and flight fare predictions, take the stress out of travel planning.

Planning your next trip? With ixigo, your travel becomes more affordable and convenient. The travel aggregator makes it a piece of cake to book flights, buses, trains, and hotels.

While some industries report muted urban demand, travel and tourism are still thriving, buoyed by post-pandemic growth. Amid the festive season, ixigo has reached record numbers in flight and bus bookings, according to Aloke Bajpai, the company’s chairman and group CEO.

“Both flights and bus bookings saw over 50% year-on-year growth for Diwali. On certain routes, we’ve noticed a 70-80% increase, especially for international destinations like Thailand, Georgia, Bali, Vietnam, and Singapore,” Bajpai shared with DH.

The platform’s fastest-growing segments from July to September have also been these areas.

Bus bookings surged by over 60% on popular routes, with new travel hotspots such as Pune, Indore, Coimbatore, Jaipur, Guntur, Rajahmundry, and Bhubaneswar attracting more travelers.

In an exclusive interview, Aloke Bajpai, the Group CEO of Ixigo, emphasized that the company's significant investments in artificial intelligence over the past decade have brought substantial benefits. He noted, “These AI-driven innovations are enhancing the stickiness and growth of our platform.”

Since implementing AI chatbots for customer support in 2017, nearly 90% of inquiries are now handled entirely by AI, resulting in impressive operational efficiency. Ixigo also utilizes AI for dynamic pricing of value-added services, trip planning with Ixigo Plan, and real-time flight tracking through its ‘Flight Tracker Pro’ feature.

Bajpai highlighted that trains accounted for over half of the company’s revenue this quarter and celebrated milestones like selling 100,000 tickets in June. He expressed optimism about stabilizing take rates moving forward.

In the first quarter of the financial year 2025, Ixigo’s gross transaction value (GTV) showed notable growth, with a 28% year-on-year increase in train and flight GTV, alongside a 16% rise in bus GTV. “Our conversion rates have improved significantly, with flights and trains now around 28%,” he said.

Bajpai attributed market growth to increasing travel expenditures and pointed out that Ixigo’s strong presence in Tier 3 and 4 cities gives it a competitive advantage. He added, “We are aiming for a GTV growth rate that outpaces the overall market.”

Additionally, he highlighted the potential in the B2B segment with the introduction of ‘Travel Super Mall,’ which seeks to convert offline bookings through new agent partnerships.