Corporate News     24-Jan-23
EaseMyTrip acquires majority stake in real-time marketplace - cheQin
EaseMyTrip.com announced today that it has acquired a 55% majority stake in cheQin through the primary route. cheQin is a unique real-time marketplace which allows travellers bargain with hoteliers without any effort. The unique bargaining algorithm of cheQin brings in top 5 lowest offers by the hoteliers. The company encourages the travellers to pay at the hotel directly and ensures a customer-centric approach that enables them to stay at the most value-for-money hotels, transforming the entire hotel booking experience. cheQin can be accessed through web (cheQin.club), android and iOS apps.

On the other hand, the company uses the "cheQin" application to give hoteliers access to real-time booking requests and the ability to take control of their own bookings. CheQin offers hoteliers a comprehensive view of the demand and allows them to better regulate the pricing, which facilitates the sale of their properties more quickly. The business also provides free signup, dashboard access with a single click, real-time competition data, and regular commission payments to hoteliers, among other noteworthy advantages.

The acquisition strengthens EaseMyTrip's already strong hotel channel in terms of technology, adaptability, personalization, and the acceptance of bulk booking and long stay requests. With this acquisition, EaseMyTrip is in a great position to give its customers a wide range of innovative hotel booking options at the most competitive prices. Customers can gain from making hotel reservations for large groups, extended stays, and last-minute reservations. CheQin gains access to the extensive network of EaseMyTrip's 45,000+ travel agents and 11+ million customers through this acquisition.

Previous News
  Easy Trip Planners declare Quarterly Result
 ( Corporate News - 17-May-24   15:34 )
  EaseMyTrip launches its offline franchise store in Ludhiana, Punjab
 ( Corporate News - 07-Aug-23   13:52 )
  Easy Trip Planners to convene board meeting
 ( Corporate News - 10-Aug-24   16:47 )
  EaseMyTrip partners with Google Wallet to offer enhanced customer experience
 ( Corporate News - 15-May-24   10:08 )
  Easy Trip Planners to acquire Spree Hotels & Real Estate
 ( Corporate News - 19-Nov-21   11:43 )
  EaseMyTrip.com introduces 20-day credit period for listed corporates clients
 ( Corporate News - 15-Mar-24   09:58 )
  EaseMyTrip partners with the prestigious World Championship of Legends
 ( Corporate News - 30-Apr-24   10:06 )
  Easy Trip Planners to table results
 ( Corporate News - 03-Feb-24   14:11 )
  Easy Trip Planners announces board meeting date
 ( Corporate News - 06-Nov-23   11:15 )
  EaseMyTrip.com elevates Nutan Gupta as COO
 ( Corporate News - 19-Jun-23   15:37 )
  Easy Trip Planners fixes record date for interim dividend
 ( Market Beat - Reports 08-Nov-21   10:35 )
Other Stories
  GAIL (India) signs MoU with AM Green
  04-Oct-24   19:27
  EaseMyTrip.com resumes bookings to the Maldives
  04-Oct-24   19:25
  BLS completes acquisition of Dubai-based Citizenship Invest
  04-Oct-24   19:23
  Insecticides India launches new maize herbicide 'Torry Super'
  04-Oct-24   19:21
  Landmark Cars receives LoI from Mercedes-Benz India
  04-Oct-24   19:19
  Astra Microwave Products receives affirmation in credit ratings from CRISIL
  04-Oct-24   19:16
  Supreme Petrochem receives affirmation in credit ratings
  04-Oct-24   19:10
  Astec LifeSciences director resigns
  04-Oct-24   19:08
  Board of Gravita India approves change in directorate
  04-Oct-24   19:05
  Board of Gravita India approves fund raising up to Rs 1,000 cr
  04-Oct-24   19:03
Back Top