EaseMyTrip acquires majority stake in resort reserving enterprise cheQin

Straightforward Journey Planners, which operates the EaseMyTrip model, has acquired 55% of resort reserving utility cheQin for $376,000.

The deal strengthens EaseMyTrip’s resort channels in line with a launch and places it in a “nice place to offer its prospects a variety of revolutionary resort reserving choices.” 

CheQin’s algorithm serves up the highest 5 lowest affords from hoteliers. The app additionally permits hoteliers to see real-time reserving requests.

Nishant Pitti, cofounder and CEO of EaseMyTrip, says: “EaseMyTrip is specializing in the expansion of its non-air segments. This acquisition is a step in direction of revolutionizing the resort enterprise altogether. By means of cheQin, which is a singular app within the resorts business, EaseMyTrip will diversify its resort reserving expertise via expertise help. We sternly consider that cheQin offers unparalleled choices in all segments and has the potential to scale and strengthen cross-selling. We’re thrilled to take this chance and sit up for moving into a brand new period of hospitality with each the corporate’s becoming a member of palms.”

Venu Somineni, founding father of cheQin, says: “Everybody enjoys bargaining over something. Reserving a resort is not any completely different. The sturdy bargaining algorithm of cheQin would attract a ton of shoppers very quickly. We actually consider that cheQin can work miracles for last-minute, bulk, long-term, and short-term bookings. We anticipate to strengthen the market within the years to come back, due to our partnership with EaseMyTrip.’’

The assertion provides that cheQin has lately shaped partnerships with 5,000 resorts in Singapore, Thailand, Indonesia, Vietnam, Malaysia and the United Arab Emirates.

Straightforward Journey Planners launched in 2008 and has grown via its transfer from a journey agent to shopper mannequin to a web based direct mannequin.

The corporate went public in early 2021 and later that yr introduced the acquisition of B2B resorts platform Traviate.

Earlier this month, the corporate introduced an EaseMyTrip Franchise to offer a face-to-face retail expertise for patrons.

The corporate will present “onboarding, liaising, managing, advertising and marketing” help to anybody who has a community of excessive internet people and is seeking to arrange a journey enterprise.