Icon times
The Saudi Tourism Authority and EaseMyTrip have agree to collaborate to increase inbound tourism

The Saudi Tourism Authority and EaseMyTrip have agree to collaborate to increase inbound tourism

Published on 21 May 2022 .Views 30 .Comments 0
Share On

Saudi Arabia has decided to leverage EaseMyTrip's broad travel network and boost its tourism. EaseMyTrip and Saudi Arabia Tourism will explore chances to work on major initiatives and conduct different actions to promote and create good tourism experiences in Saudi Arabia, as well as increase its footprint in the Indian market, through this MoU. EaseMyTrip will also improve its clients' connection and convenience by offering specially designed tourism packages to Saudi Arabia, as well as multi-destination travel packages that include leisure spots and a few notable events.


The company has been posting good numbers despite the pandemic shock across the tourism and travel industry. The cost efficiency was achieved by the company in the financial year 2021 which reflected in their annual numbers. As the restrictions were lifted from April 1 2022 the company is expected to continue delivering good numbers in the up coming quarters. This deal with Saudi is expected to boost another vertical of curated plans for the users through its portal.

Additionally, the company is aggressively expanding its footprint through various acquistions like Spree Hospitality and Yolobus. Spree Hospitality, a 1200 room-keys hospitality management company, will help to expand presence in the hotel and holiday segment. The idea behind acquiring the brand name and technology of ‘Yolobus’, a premium intercity mobility platform, was to grow presence in the non-air segment.

The stock has rallied 27% in a week on account of tailwinds in this sector and the company is expected to post its quarterly results on 25th May 2022.


private article suscription area icon

You like to know more. We like that!

Please subscribe Model Portfolio Plan to get access of all premium model portfolio articles Only at Rs. 11,999.00/Year.

Please login to view this free article.

This blog is available only for logged in users, please register and get access to view this article.

Recently Uploaded

premium Premium
free Free
Chat on WhatsApp
Caret UP Arrow
InvestYadnya Support
Typically replies in minutes
InvestYadnya Support
Hi there
Welcome to InvestYadnya.
We are available to assist you on WhatsApp.
Please click on the button below to chat with us.
(10 AM to 7 PM IST)
Chat with InvestYadnya