Indian OTA giant MakeMyTrip has launched the MyBusiness tool to capture the booming corporate travel segment.
MakeMyTrip says the tool will be particularly helpful for SMEs that cannot afford to set up an in-house travel desk, by offering an efficient self-booking online solution to fulfil otherwise complex offline processes such as approval matrices, travel policies and payment options.
The tool can be used on the existing MakeMyTrip app
Benefits for employees include free cancellation and modification of flight and hotel bookings; complimentary in-flight meals and seat selection; complimentary hotel upgrades; and expense reporting capabilities.
Corporates, in addition, can enjoy GST credit benefits and redressal with a round-the-clock corporate helpdesk.
The solution also features a corporate wallet to reduce payment inefficiencies, liabilities and potential corporate card abuse.
Speaking at the launch, Rajesh Magow, co-founder and CEO-India, MakeMyTrip said: “Our focus and investment in MyBusiness underlines our (commitment to) changing the way corporate India moves. We have an aggressive plan in place to tap into this fast-growing business travel market.”
Added chief business officer, Ranjeet Oak: "For most organisations, business travel spending is the second largest expense, and the entire process allows certain amount of discrepancies and reimbursement issues later on."
According to Global Business Travel Association, India is the fastest growing business travel market with annual growth of over 11 per cent. SME corporates make up 70 per cent of the country’s corporate travel business.