Nishant Pitti's EaseMyTrip.com parent company, Easy Trip Planners, is set to open a luxurious 5-star hotel near the iconic Shree Ram Mandir in Ayodhya, Uttar Pradesh.
The hotel will be located within a kilometre of the Ram Mandir temple, the company said.
The development is aimed at enhancing the spiritual journey of pilgrims and tourists, with the hotel's prime location offering a unique blend of spirituality and luxury.
Ayodhya, which has witnessed over 2.4 million visitors since the Pran Pratishtha of the Ram Temple, is now becoming a focal point for businesses aiming to cater to the surge in religious tourism.
Investing Rs 100 crore in the project
Easy Trip Planners, in an exchange filing, said it will be investing Rs 100 crore for the hotel in partnership with Jeewani Hospitality Private Limited.
The investment will account for 50% of the total paid-up share capital of the joint venture company on a fully diluted basis through an equity swap, as per the company's statement. The collaboration aims to leverage EaseMyTrip’s travel expertise and Jeewani Hospitality’s commitment to excellence, setting new luxury standards in Ayodhya, it said.
Our family is staying in Ayodhya for 60 years and we welcome EaseMyTrip to Ayodhya. By collaborating with one of India's leading online travel platforms, we are poised to create a truly exceptional 5-star hotel experience near the revered Shree Ram Mandir in Ayodhya," said Dhruv Jeewani, Director Jeewani Hospitality.
"Our vision is to offer guests not only luxurious amenities but also a deeply immersive spiritual journey, complementing the vibrant religious landscape of Ayodhya.’’ Jeewani said.
Is EaseMyTrip profitable?
Indian travel tech company EaseMyTrip recently reported a net profit of Rs 47.5 crore in the third quarter of FY24, marking a 9.5% increase from the Rs 41.2 crore profit reported in the same period last year.
Additionally, Its revenue also hit Rs 160.7 crore, an 18.1% year-on-year increase. The company's EBITDA also grew to Rs 65.3 crore, which is a 10.9% increase from the previous year.
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