MakeMyTrip Acquires Majority Stake in Flamingo Transworld

MakeMyTrip has successfully reached an agreement to obtain a majority stake in the regional tour operator Flamingo Transworld, with the financial details remaining undisclosed. Established over thirty years ago, Flamingo Transworld offers group tour services and has established a footprint in various regional markets such as Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh. The company provides both international and domestic group travel packages through an extensive network of 51 offices in these regions.

Enhancing Regional Travel Offerings

Flamingo’s diverse offerings will enhance MakeMyTrip’s existing holiday packages and facilitate further expansion into regional travel markets throughout India. The curated group tours by Flamingo feature regional-language tour managers and Indian meal options tailored for travellers.

Strategic Growth in Holiday Packages

This acquisition aligns with MakeMyTrip’s overarching strategy to bolster its holiday packages segment and enhance distribution through offline and regional channels. The company also operates notable travel platforms such as Goibibo and redBus.

Expanding the Travel Ecosystem

In recent years, MakeMyTrip has worked to enhance its travel ecosystem through various acquisitions. These include QuestToTravel in corporate travel bookings, Simplotel in hotel technology, BookMyForex in travel forex, Savaari in intercity mobility, and Happay in corporate spend management.