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Hedging risks: In a world without travel, MakeMyTrip is diversifying

Hedging risks: In a world without travel, MakeMyTrip is diversifying

Synopsis

India’s largest travel company MakeMyTrip thought it was well spread out in the sector to reduce dependency on any one line of revenue. The pandemic, however, shut every arm of the company’s business.

The travel and tourism sector has seen a lot of trials through the years. From 9/11 to the collapse of Kingfisher airlines, the sector has periodically faced challenges that threaten to derail business. The first sector to be hit when there’s an economic downturn or any natural calamity; the ups and downs have, however, made the sector resilient. But there is no doubt, the pandemic is the stiffest test it has faced in decades. In a chat with ET
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