August 30, 2017 TnH Global 1

MakeMyTrip taps into Corporate Travel Segment with ‘MMT MyBusiness’

New business from the largest OTA aims to capture a majority of the booming SME corporate travel segment
All-round benefits of ‘Choice’ with the traveller, ‘Control’ with the company and ‘Benefits and Savings’ for both

MakeMyTrip Limited announced the launch of ‘MyBusiness’ to tap into the growing corporate travel segment in India. As part of this new solution, MyBusiness will provide a convenient, transparent and efficient self-booking tool that employees can use from the same MakeMyTrip app for their business travel. Giving the power of choice in the hands of the traveler, the tool will help keep control in the hands of the company while providing corporate travel benefits and savings for all.

MyBusiness will not only make businesses of any size avail best corporate travel deals but will also bring down friction in the expense process. By introducing the new corporate wallet on MyBusiness, the companies will be able to reduce payment inefficiencies, liabilities and potential corporate card abuse – in turn providing employees and companies greater flexibility. This would be supported via dedicated corporate helpdesks which will be operational 24×7.

Speaking at the launch, Rajesh Magow, co-founder and CEO-India, MakeMyTrip said, “MakeMyTrip has always been an enabler of change in the way Indians travel, our focus and investment in MyBusiness underlines our sense of purpose in changing the way corporate India moves. We have an aggressive plan in place to tap into this fast-growing business travel market by moving complex offline processes to a convenient and efficient online booking experience for employees and employers alike.”

Ranjeet Oak, Chief Business Officer, MakeMyTrip said, “For most organizations, business travel spending is the 2^nd largest expense, and the entire process allows certain amount of discrepancies and reimbursement issues later on. SME corporates are contributing to 70% of the flourishing Indian corporate travel business and with MyBusiness, we are empowering the entire ecosystem, by establishing the ‘Choice’ with the traveller, ‘Control’ with the company and ‘Benefits and Savings’ for all.”

As per Global Business Travel Association, with an annual growth of more than 11%, India is the fastest growing business travel market in the world. Driven by factors like growing expansion of organizations, rising income levels, policy and regulatory support by the government authorities, etc. business travel has emerged as one of India’s fastest growing travel sectors.

With growing need of organisations to enable business travel, MyBusiness will be particularly helpful for SMEs that cannot afford to set up a travel desk in office. The self-booking online tool makes it easy to move complex offline processes – approval metrices, travel policies, payment options – online; making travel booking efficient and experience seamless.

In addition to the existing benefits, companies stand to claim GST Credit and save up to 18% of total travel transaction in a clear and transparent manner, making this offering a win-win for all. The MyBusiness feature is now live and available for bookings on existing MakeMyTrip app on Google Play Store, iOS and desktop.

Some key benefits of MyBusiness are:

For the Employees:

Free cancellation and modifications in flights & hotel Bookings
Complimentary in-flight meals & seat selection
Complimentary hotel upgrades and other add-ons
Easy and simple expense reporting

For the Corporates:

GST credit benefits
Benefits of discounted corporate rates directly leading to savings in travel & expenses budgets
Free cancellation and modifications in flights & hotel bookings
Seamless redressal with 24×7 helpdesk

All-round benefits:

Intelligent reporting system with financial controls
Digitised approval workflows
Easy travel policy enforcement
One-click payment from company’s ‘Travel Wallet’

Claiming GST credit benefits:

If a corporate books a hotel with MakeMyTrip, then MMT will pass the GST details of the company during the booking to the hotelier
When the hotel creates the bill, GST details of the company would be incorporated on the invoice which would ensure that the tax charged on the invoice will be uploaded by them against the company’s GST account
Also, against the convenience fee charged by MMT, the company will be able to claim GST benefits as well