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By Author
Published on December 24, 2023
EaseMyTrip.com, a leading online travel platform in India, has recently ventured into the hospitality sector by acquiring a non-controlling stake of approximately 13% in Eco Hotels and Resorts, a BSE-listed entity known for its commitment to environmental sustainability. This move marks EaseMyTrip's entry into the eco-friendly hospitality market and signifies a broader strategy of diversification and sustainability.
Eco Hotels and Resorts operates carbon net zero hotels, which aligns perfectly with EaseMyTrip’s vision of promoting environmentally conscious practices within the hospitality industry. The strategic investment opens up numerous possibilities for collaboration between the two companies, potentially extending beyond traditional hotel operations. These discussions aim to explore synergies in various domains, including air and non-air businesses, and leveraging the customer base on the EaseMyTrip.com platform and its subsidiaries.
Nishant Pitti, Co-Founder, and CEO of EaseMyTrip, expressed his excitement about the partnership. He highlighted that the investment in Eco Hotels and Resorts reflects EaseMyTrip’s commitment to sustainable and responsible business practices. “Our decision to invest is in line with our vision to support the growth of eco-friendly and green hotels,” said Pitti. He emphasized that this investment is a significant step in EaseMyTrip’s journey to diversify its portfolio and enhance the overall travel experience for its customers. Through this initiative, EaseMyTrip aims to positively shape the future of the travel and hospitality industry by focusing on environmentally conscious initiatives.
V K Tripathi, Executive Chairman of Eco Hotels and Resorts, also commented on the collaboration, underscoring the shared commitment to redefining India's hospitality landscape. The focus is on sustainability, advanced construction technology, and bold expansion strategies. Tripathi views this strategic association as potentially game-changing, noting that such synergy is rare in the hospitality sector.
This partnership between EaseMyTrip and Eco Hotels and Resorts is a clear indication of the evolving dynamics in the travel and hospitality industry, with a growing emphasis on sustainability and eco-friendly practices. As both companies move forward, their combined efforts are expected to bring innovative changes to the sector, catering to the needs of environmentally conscious travelers and setting new standards in sustainable hospitality.
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