Online Travel Firm Deepens Investment in Green Hospitality
Online travel aggregator EaseMyTrip has increased its stake in Eco Hotels and Resorts Limited by 7.77% through a rights issue, further expanding its presence in the hospitality sector. The parent entity, Easy Trip Planners, approved the investment during a board meeting on September 20, according to its stock exchange filing.
Investment Details
The company subscribed to 10 lakh equity shares at Rs 15.20 apiece, taking the total investment to around Rs 15.2 crore, which will be paid in tranches. EaseMyTrip initially entered the hospitality space in December 2023, acquiring a 13% stake in Eco Hotels.
Eco Hotels: Early-Stage Green Hospitality
Incorporated in 1987, Eco Hotels operates eco-friendly hotels in India. The Mumbai-based firm remains in its nascent stages, with turnover rising to Rs 13.71 lakh in FY25, up from Rs 1.39 lakh in FY24 and Rs 0.78 lakh in FY23. The company focuses on sustainable tourism and green lodging initiatives.
Strategic Moves Beyond Eco Hotels
In Q1 FY26, Easy Trip Planners approved multiple investments, including Rs 175 crore for a 50% stake in Three Falcons Notting Hill Limited and Rs 194.4 crore for full acquisition of AB Finance Private Limited. It has also approved an investment in Vashu Bhagnani Industries Limited, signaling its intent to diversify beyond travel booking into hospitality and allied services.
Financial Performance
EaseMyTrip’s travel business witnessed a slowdown, with operating revenue down 25.5% to Rs 114 crore in Q1 FY26 from Rs 153 crore in Q1 FY25. Profit after tax (PAT) fell sharply by 98.7% to Rs 44 lakh, compared to Rs 34 crore in the same period last year.
Despite headwinds in its core travel operations, EaseMyTrip is leveraging strategic acquisitions and equity investments to strengthen its foothold in the hospitality sector, particularly in eco-conscious and niche lodging offerings.
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