Ixigo CEO: Modi's foreign travel curb could redirect $15-17B outbound spend to domestic segments
Ixigo Group CEO Aloke Bajpai says PM Modi's call to skip foreign trips for a year won't dent the platform, with international flights just 20% of Q3 flight GTV (Rs 400 cr/quarter). Outbound moderation should lift domestic rail, bus and hotel bookings, where Ixigo runs at Rs 17,000-18,000 cr annual GTV.
Ixigo CEO Aloke Bajpai says PM Modi's appeal to avoid foreign travel for a year won't materially hurt Ixigo, as outbound moderation will likely shift to domestic travel, benefiting its rail, bus and hotel segments.