EaseMyTrip lands in Jalgaon: First physical store to cater to the travel needs

During Monday’s deals, the shares of Easy Trip Planners Limited zoomed 1.05%. The company’s current market capitalisation is Rs 8,555.41 crore.

Recent development

The company has announced the opening of its first physical store in Jalgaon, Maharashtra. This marks the 12th franchise store under the company’s banner, highlighting its commitment to integrating online convenience with offline accessibility for a more personalised customer experience.

Situated at Jalgaon, the new outlet is strategically located in a vibrant area to cater to the travel needs of local and regional customers. Designed with modern aesthetics that reflect EaseMyTrip’s brand identity, the store promises a memorable and comfortable experience for visitors.

Customers can avail themselves of a wide range of travel-related services at the Jalgaon franchise, including air and hotel bookings, bus and rail reservations, group travel packages, as well as exclusive vacation, cruise, and charter options. Additionally, the franchise will assist with visa applications and various travel formalities, offering comprehensive travel solutions to its clientele.

This development signals positive prospects like:

1. Expanded Market Reach: By establishing a physical presence, EaseMyTrip aims to engage with customers preferring in-person interactions, potentially tapping into new markets and demographics not fully reached through online platforms alone.
2. Growth Opportunities: The franchise model adoption holds promising potential for future expansion and profitability. Successful implementation could drive sustained business growth and positively influence investor confidence, impacting future investment decisions.

Management comments

Rikant Pittie, Co-Founder of EaseMyTrip, shared his enthusiasm about the new opening, stating, “The expansion of the EaseMyTrip franchise into Jalgaon is a testament to our growth strategy and our commitment to making travel services more accessible to customers outside major metropolitan areas. This step is part of our larger goal to revolutionise travel experiences for our customers across India. We are thrilled to launch this store and are optimistic about the unique value it will bring to our customers.”

About the company

The company provides a wide array of travel-related products and services through its flagship brand ”Ease My Trip”. These offerings encompass end-to-end travel solutions, including airline tickets, hotel accommodations, holiday packages, rail and bus tickets, and taxi services.

Furthermore, the stock has witnessed significant buying activity as it has given returns of more than 20% in just 6 months.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.