India’s travel industry has been transformed by digital adoption, with the India Online Travel Market worth USD 25.38 billion in 2026 and growing at a CAGR of 8.74 percent to reach USD 38.58 billion by 2031. Online travel agencies now account for 81.7 percent of the country’s total online travel market, with mobile capturing 65.37 percent of bookings in 2025 and forecast to grow at a 14.39 percent CAGR through 2031, cementing app-first planning and checkout as the default consumer path. MakeMyTrip remains the undisputed leader with a 60 percent market share and record-breaking gross bookings of nearly USD 10 billion in 2025, while bleisure travel — where business trips extend into weekend leisure add-ons — is the fastest-growing traveller type at an 11.46 percent CAGR to 2031. Over 70 percent of corporations have now adopted technology-led solutions for corporate travel management, reflecting a strategic shift toward value-driven and digitally enabled travel planning. Let us have a look at the top 10 travel companies in India for the year 2026.
1. MakeMyTrip Limited
MakeMyTrip, founded in the year 2000 by Deep Kalra, is the leading online travel agency in India with a dominant market share of approximately 60 percent and record-breaking gross bookings of nearly USD 10 billion in 2025. The company’s air ticketing revenue increased 12 percent to USD 61.6 million for Q4 FY25, with full-year revenue up 20 percent to USD 242 million, demonstrating sustained dominance in the flight booking segment. Through its Goibibo and redBus brands, MakeMyTrip leads across hotels and commands a commanding 70 percent share in the online intercity bus ticketing segment, with redBus achieving a GMV of Rs 50 billion across over 180 million registered trips.
MakeMyTrip serves leisure travellers, business travellers, and NRIs across flights, hotels, holiday packages, buses, and trains with its comprehensive travel booking ecosystem, and has implemented AI-based solutions for personalised travel recommendations and real-time booking updates that make it the most technologically advanced and trusted travel brand in India.
2. Indian Railway Catering and Tourism Corporation (IRCTC)
Indian Railway Catering and Tourism Corporation, the government-owned entity responsible for online railway ticketing in India, is the dominant player in train bookings, commanding over 90 percent of online Indian railway ticketing despite not technically being a traditional OTA. The train tickets market in India is projected to reach USD 17.05 billion in 2025, with 58 percent of total revenue expected to be generated through online sales by 2030, with third-party OTAs like MakeMyTrip and Ixigo accounting for only about 20 percent of total ticket sales through indirect bookings via IRCTC’s platform.
IRCTC serves hundreds of millions of Indian railway passengers with its monopolistic online ticket booking platform and also operates tourism packages, catering services, and budget hotel chains, making it the single most dominant entity in India’s rail travel booking ecosystem and an indispensable government travel infrastructure asset.
3. Easy Trip Planners Limited (EaseMyTrip)
Easy Trip Planners, operating as EaseMyTrip, holds a clear second-tier position in flights with approximately 8 to 13 percent market share and maintains smaller but meaningful presence across hotels, buses, and trains. The company has built its brand around its zero-commission flight booking model that has attracted significant price-conscious customer adoption, and through its YoloBus subsidiary, the company participates in the online bus booking segment alongside its core flight and hotel offerings, with continued expansion into international markets as a key growth strategy.
EaseMyTrip serves cost-conscious travellers seeking straightforward, commission-free flight and hotel bookings, and represents the value-oriented segment of India’s online travel agency market that has successfully carved out a meaningful second-tier position through pricing transparency rather than competing head-on with MakeMyTrip’s scale.
4. Yatra Online Inc.
Yatra Online is positioned in the second tier of India’s travel market with 6 to 10 percent market share across flights and hotels, offering services similar to MakeMyTrip but with a stronger focus on value deals and ready-made tour packages, particularly for domestic travellers. The company has built a strong presence in corporate travel and group bookings, making it a preferred partner for businesses and educational institutions organising school or college tours, alongside curated packages to popular Indian destinations spanning religious circuits, hill stations, and heritage sites.
Yatra serves budget-conscious travellers, Indian families, corporate groups, and tour organisers planning structured trips across India, and its strong corporate travel and group booking capabilities differentiate it from purely consumer-focused OTA competitors, giving it a defensible niche in business and institutional travel arrangements.
5. Le Travenues Technology Limited (Ixigo)
Ixigo has emerged as a significant and rapidly growing player in India’s travel market, primarily operating as a metasearch engine while increasingly building direct booking capabilities, processing 69.85 million train passenger segments in 9M FY25. The company has positioned itself as India’s second-largest online travel agency by gross bookings with strong dominance in train bookings, and through its acquisition of AbhiBus and ConfirmTkt, Ixigo has expanded its presence into bus bookings and train ticket confirmation services, demonstrating an aggressive acquisition-led growth strategy.
Ixigo serves train travellers, budget-conscious consumers, and tier-2/tier-3 city residents with its metasearch and direct booking capabilities across trains and buses, and has built one of the most successful growth stories in India’s travel industry through strategic acquisitions that complement its core train-booking strength.
6. Cleartrip Private Limited
Cleartrip competes closely with EaseMyTrip in the flights segment with approximately 8 to 13 percent market share and maintains a notable presence in the hotel booking category as well. The company has built its reputation around a clean, user-friendly booking interface and competitive pricing across both domestic and international travel, and continues to be cited among the major companies operating in India’s online travel market alongside MakeMyTrip, Yatra, and EaseMyTrip in industry analyses of the competitive landscape.
Cleartrip serves digitally savvy travellers seeking a streamlined and intuitive booking experience across flights and hotels, and its consistent positioning in the second tier of India’s OTA market reflects its ability to maintain a loyal customer base despite intense competition from larger and more heavily marketed rivals.
7. TBO Tek Limited
TBO Tek is a rapidly growing B2B travel platform that has emerged as one of MakeMyTrip’s biggest domestic competitors in the business-to-business travel distribution space, connecting travel agents, tour operators, and corporate travel buyers with a comprehensive inventory of flights, hotels, and travel services. The company’s growth reflects the increasing sophistication of India’s travel distribution ecosystem beyond pure consumer-facing OTAs, serving the substantial intermediary market of travel professionals who need wholesale access to travel inventory.
TBO Tek serves travel agents, tour operators, and corporate travel managers across India and internationally with its B2B travel distribution platform, and represents the increasingly important business-to-business segment of India’s travel industry that complements the consumer-facing OTA market by serving the professional travel trade.
8. TripFactory
TripFactory, founded in the year 2013 by Varun Gupta, Vinay Gupta, and Amit Aggarwal in Bengaluru, has grown into a worldwide operation with on-ground infrastructure in over 110 countries by 2026, offering a traveller-friendly trip planning and booking platform with inventory spanning India, Asia, Oceania, and Europe. The company has built full-stack ownership through over 20 regional offices for better quality control and operates a TripFactory Advisor Program enabling certified travel consultants to access its full inventory, with its Dynamic Packaging 2.0 system offering real-time customisation of flight, hotel, and transfer bundles with instant pricing for over 100 countries.
TripFactory serves travellers seeking customised packages combining hotels, flights, activities, and transfers, with a particularly dominant position in the Fixed Departure and Luxury Retreat segments, and its certified travel consultant network model distinguishes it from purely self-service OTA platforms by combining technology with personalised human travel expertise.
9. Musafir (Universal Travel and Tourism LLC)
Musafir, headquartered in Mumbai and backed by parent company Universal Travel and Tourism LLC based in Dubai, UAE, is a premium OTA providing access to over 1 million properties and flights to 3,000 destinations worldwide. The company is particularly known as a leader in complex visa processing, offering Global Visa Assistance for over 50 countries with a 100 percent refund on rejection policy for Dubai visas, alongside its Musafirbiz dedicated corporate booking tool for GCC markets and SMEs, and a Travel Now, Pay Later flexible payment option with 0 percent interest.
Musafir serves travellers needing complex visa processing alongside their travel bookings, particularly those travelling between India and the Gulf Cooperation Council region, and its specialisation in visa assistance combined with flexible payment options gives it a distinctive value proposition for the large India-Gulf travel corridor.
10. Thomas Cook (India) Limited
Thomas Cook India, whose journey traces back to the year 1881 and is headquartered in Mumbai as a subsidiary of Fairfax Financial Holdings Limited, provides foreign exchange services, international and domestic holidays, visas, passports, travel insurance, and MICE services across over 233 locations in 94 cities spanning India, Sri Lanka, and Mauritius. In March 2026, Thomas Cook opened its first outlet in Gwalior and announced a strategic partnership between Thomas Cook India and group company SOTC Travel, reinforcing its position as one of India’s most comprehensive traditional travel service providers beyond pure digital booking platforms.
Thomas Cook India serves leisure travellers, corporate clients, and forex customers with its unusually comprehensive suite of travel-related services beyond just tour packages, including foreign exchange, visa processing, and travel insurance, making it the most complete one-stop shop for travellers who prefer a single trusted full-service provider over self-service digital platforms.
Frequently Asked Questions (FAQs)
Q: Which is the most popular travel company in India in 2026?
A: MakeMyTrip is India’s most popular and dominant travel company with a market share of approximately 60 percent and record gross bookings of nearly USD 10 billion in 2025. Through its Goibibo and redBus brands, it leads across hotels and commands 70 percent of the online intercity bus segment, making it the undisputed leader across most categories of online travel in India.
Q: What is the size of India’s online travel market in 2026?
A: The India Online Travel Market is worth USD 25.38 billion in 2026 and is growing at a CAGR of 8.74 percent to reach USD 38.58 billion by 2031. Online travel agencies account for 81.7 percent of the country’s total online travel market, while mobile bookings represent 65.37 percent of all transactions and are forecast to grow at a 14.39 percent CAGR through 2031.
Q: Who controls train ticket bookings in India?
A: Indian Railway Catering and Tourism Corporation or IRCTC, the government-owned entity, commands over 90 percent of online Indian railway ticketing. Third-party OTAs like MakeMyTrip, EaseMyTrip, Yatra, and Ixigo act primarily as resellers offering convenience or bundled bookings, but their direct volumes account for only about 20 percent of total ticket sales through indirect bookings, with the bulk of transactions occurring directly through IRCTC’s platform.
Q: What is bleisure travel and why is it growing in India?
A: Bleisure travel refers to business trips that are extended into weekend leisure add-ons, blending professional and personal travel into combined itineraries. It is the fastest-growing traveller type in India at an 11.46 percent CAGR to 2031, driven by over 70 percent of corporations now adopting technology-led solutions for corporate travel management and growing employee preference for extending work trips into personal vacation time, requiring firms to adopt advanced travel management solutions that can track and manage blended itineraries.
Q: How is government policy supporting India’s travel industry?
A: The UDAN regional air connectivity program has expanded access across hundreds of routes and dozens of airports, improving connectivity and encouraging digital bookings beyond metro cities. This expanded regional air connectivity, combined with widespread 4G availability in towns and villages under national connectivity programs, has created a broader base of online-ready travellers who increasingly transact through instant payment rails within OTA and supplier apps, supporting the structural shift towards app-led travel bookings across India.
